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Bitcoin ETF Giant Grayscale Introduces a Crypto Staking Fund
The Grayscale Dynamic Income Fund initially includes APT, TIA, CBETH, ATOM, NEAR, OSMO, DOT, SEI and SOL.
Updated Mar 9, 2024, 2:15 a.m. Published Mar 5, 2024, 4:55 p.m.
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Grayscale, the investment firm behind the biggest spot bitcoin ETF, has introduced a new fund that stakes cryptocurrencies to earn income.
The Grayscale Dynamic Income Fund (GDIF), the company said Tuesday, initially will own assets for nine blockchains: Aptos , , Coinbase Staked Ethereum (CBETH), Cosmos , Near , Osmosis , Polkadot , SEI Network , and Solana . It aims to distribute rewards in U.S. dollars on a quarterly basis.
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"As our first actively managed Fund, GDIF is an important expansion of our product suite and enables investors to participate in multi-asset staking through the convenience and familiarity of a singular investment vehicle," Grayscale CEO Michael Sonnenshein said in a statement.
Staking plays a key role in how some blockchains. Whereas the Bitcoin network relies on proof-of-work – in which miners crunch complex numerical puzzles to create new bitcoin – proof-of-stake networks like Ethereum instead allow owners of their token to pledge their assets to run the network. Doing so is called staking, and it generates income for the staker.
It's an auspicious occasion to bring crypto products to market with bitcoin hitting an all-time high above $69,000 on Tuesday. Speaking to the crypto rally, Zach Pandl, head of research at Grayscale, said valuations for Ethereum's ether and most other tokens remain below their highs from the previous crypto cycle.
"If the macro markets backdrop remains favorable, we could see further increases in token valuations – but macro factors could also be a headwind," Pandl said in an email.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.
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- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
- The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
- Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.
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