Grayscale Investments, a leading digital asset management company, recently announced its first actively managed fund, Grayscale Dynamic Income Fund (GDIF), which allows users to stake cryptocurrencies for income.
Grayscale Investments, a leading digital asset management company, recently announced its first actively managed fund, Grayscale Dynamic Income Fund (GDIF), which allows users to stake cryptocurrencies for income.
However, excluding Cardano’s native crypto asset ADA from this fund has sparked significant reactions within the crypto community, prompting responses from key figures including Cardano founder Charles Hoskinson.
The new Grayscale Dynamic Income Fund (GDIF) will initially hold assets for nine blockchains: Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot. (DOT), SEI Network (SEI) and Solana (SOL).
Cardano’s ADA, despite its wide recognition and growing ecosystem, is not on the list.
Carlos Hoskinsonco-founder of Ethereum and founder of Cardano, expressed disappointment and disbelief at the exclusion of ADA from the fund.
If nothing? she asked, posting his favorite meme, a GIF image of a man soaked in the rain, in response to an article about Grayscale’s new product offering.
The absence of ADA from the Grayscale fund does not diminish its potential or value as a cryptocurrency. Cardano continues to make significant progress in its development, with continuous updates and innovations aimed at expanding its usefulness and reach. Its focus on scientific rigor, peer-reviewed research, and decentralized governance sets it apart in a crowded market.
Cardano is included in Grayscale’s Digital Large Cap Fund and its Smart Contract Platform Ex-Ethereum Fund, increasing its chances of being included in the new fund in a later update. However, the timing and probability of this occurrence are still unknown.
