The popular digital assets manager firm Grayscale launched Grayscale Digital Infrastructure Opportunities LLC (GDIO).
Grayscale Investments is a popular fund management company that manages digital asset investment funds. This company is indeed a subsidiary of the Digital Currency Group, which is also the owner of Coindesk, which is a popular news media website.
On 6 October, Grayscale launched Grayscale Digital Infrastructure Opportunities LLC (GDIO), as a new investment option for the clients.
GDIO is a way to invest in Bitcoin mining operations and generated Bitcoin will be distributed among the investors as a dividend.
Michael Sonnenshein, CEO of Grayscale, said that the latest steps of the company will give show the company position at better level in the crypto industry.
“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 different market cycles.”
Further, he said that the company always worked to bring better & easy options for people to invest in the crypto space.
“Our team has long been committed to lowering the barrier for investing in the crypto ecosystem – from direct digital asset exposure to diversified thematic products, and now infrastructure through GDIO,” Grayscale CEO said.
Grayscale Bitcoin spot ETF application
In late July of this year, the US Securities and Exchange Commission (SEC) rejected the Bitcoin Spot ETF application of Grayscale company.
Through the application, Grayscale aimed to swap its GBTC fund into Bitcoin spot ETF, to allow a better trading experience for the clients.
On 29 June, Grayscale filed a petition for a review of its Bitcoin spot ETFs filing with the SEC.
At that time, one of the officials of the Grayscale firm said that failing to apply consistent treatment to similar investment vehicles” will be pursuing a legal challenge based on the SEC’s alleged violation of the Administrative Procedure Act (APA) and Securities Exchange Act (SEA).
Grayscale was confident with its application to get approval because from late 2021 to mid of 2022, the SEC approved many Bitcoin futures ETFs applications.
Read also: Canadian watchdog says 30% of citizens plan to buy Bitcoin by 2024
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