As the cryptocurrency industry navigates the latest leg of the market downturn, leading digital assets platform Grayscale is offering a new investment product for the market.
The company’s crypto news published today 6 October announced a private co-investment vehicle that will leverage opportunities in the bitcoin mining industry.
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Grayscale Digital Infrastructure Opportunities
Grayscale has unveiled a product that will offer investors exposure to bitcoin mining hardware – with the target being to tap into the upside potential of the mining sector.
The digital asset manager’s new product is packaged under the Grayscale Digital Infrastructure Opportunities LLC, or GDIO.
“Grayscale’s unique position at the center of the crypto ecosystem enables us to create offerings that allow investors to put capital to work through differing market cycles.”
Grayscale CEO Michael Sonnenshein.
According to Sonnenshein, the launch of GDIO is part of Grayscale’s long term commitment to providing the market with products that help lower the barriers to crypto investing. The firm already offers direct exposure to digital assets and diversified thematic products, with the GDIO’s offering the latest to hit the market.
Grayscale is partnering with Foundry, a staking infrastructure platform that’s, like Grayscale, a subsidiary of bitcoin and blockchain-focused venture firm Digital Currency Group.
Foundry will help GDIO manage its day-to-day operations, with investors’ money used to purchase mining equipment. The platform will then use the mining hardware to mine bitcoin via its USA pool. Investors will then be eligible to get a cash dividend of the earned BTC, Sonnenshein told Yahoo Finance.
The product will be available to qualified individual and accredited institutional investors, including hedge funds, family offices and others not able to access direct crypto exposure.
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