As the cryptocurrency industry navigates the latest phase of a market downturn, leading digital asset platform Grayscale is introducing a new investment product for the market.
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Grayscale Digital Infrastructure Opportunities
The new product from Digital Asset Manager is packaged under the name Grayscale Digital Infrastructure Opportunities LLC or GDIO.
“Grayscale’s unique position at the heart of the cryptocurrency ecosystem enables us to create an offering that allows investors to invest capital as they work through different market cycles.”Grayscale CEO Michael Sonnenshein.
According to Sonnenshin, the launch of GDIO is part of Grayscale’s long-term commitment to providing the market with products that help reduce barriers to crypto investment. The firm already provides direct exposure to digital assets and diverse thematic products, with GDIO’s offering being the latest to hit the market.
Grayscale is partnering with Foundry, a staking infrastructure platform similar to Grayscale, a subsidiary of Bitcoin, and blockchain-focused venture firm Digital Currency Group.
The foundry will help GDIO manage its day-to-day operations, with investors’ money being used to purchase mining equipment. The platform will then use the mining hardware to mine bitcoins through its USA pool. Investors will then be eligible to receive cash Dividend Earned BTC, Sonenshin’s Told yahoo finance,
The product will be available to qualified individuals and accredited institutional investors, including hedge funds, family offices and others not able to access direct crypto exposure.
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