Grayscale, a big name in digital assets, is launching a brand new club – the "GDIF Millionaire's Club." This exclusive group gets special access to invest in proof-of-stake tokens, a red-hot area of the crypto world. Here's the key: to join, you need a net worth of at least $2.2 million. Talk about an investment with high entry fees!

This "dynamic income fund," called GDIF for short, is Grayscale's first attempt at actively managing an investment vehicle. They'll be picking and choosing different staking tokens to try and squeeze out the most profit for their wealthy members.

Unlike their regular Bitcoin ETF, GDIF won't be registered with regular financial watchdogs. That means investors won't get some of the usual safety features. But for those with deep pockets looking for a new crypto angle, this could be a tempting VIP pass.

Meanwhile, Grayscale Puts Ethereum Stake on Hold

In other Grayscale news, they're hitting the brakes on a decision about Ethereum's post-Merge twist. Remember the Ethereum Merge in September 2022? That big switch from proof-of-work to proof-of-stake? Well, a whole new "EthereumPoW" token popped up because of it.

Grayscale is taking a timeout to figure out what to do with any EthereumPoW tokens they might have. Will they sell them? When? How? They're giving themselves up to 180 days to decide.