Grayscale Opens In-Kind Crypto Investing for Bitcoin, XRP, Dogecoin, Solana ETFs
Grayscale announced Wednesday that eligible investors can directly contribute cryptocurrencies, including Bitcoin , XRP , Dogecoin and Solana , in exchange for shares of select investment products.Grayscale Expands In-Kind InvestingThe asset manager is expanding in-kind subscriptions across 10 digital asset investment products, allowing eligible investors to exchange existing crypto holdings for fund shares without first converting their tokens into cash.It reduces self-custody risks and potentially lowering transaction costs.The eligible products as of Oct. 20, include Solana Staking ETF (GSOL), Dogecoin Trust ETF (GDOG), Ethereum Staking Mini ETF (ETH), XRP Trust ETF (GXRP), Bitcoin Mini Trust ETF (BTC) and many others."As digital assets mature, investors are seeking more secure and efficient ways to manage their crypto holdings," said Steve Vanourny, Grayscale’s Head of Index.He highlighted growing cybersecurity threats and the benefits of institutional custody.Investors may also hold shares through brokerage or retirement accounts, potentially use them as collateral for loans and access listed options for hedging or income strategies.Access Remains Limited To Eligible InvestorsGrayscale expects demand for in-kind investing to grow as investors seek more sophisticated ways to manage cryptocurrency exposure.Investors must work through an Authorized Participant or an intermediary connected to one to access primary-market subscriptions.Transactions remain subject to product availability, applicable fees and eligibility requirements.The company advised investors to consult financial, legal and tax professionals before participating.Preview Image: Shutterstock