Grayscale announced on October 21 that eligible investors can now contribute certain cryptocurrencies in kind to receive shares in ten products. The lineup includes funds exposed to Bitcoin, Ethereum, Solana, XRP, Chainlink, Dogecoin, Avalanche, Sui, Hyperliquid and Zcash. The process allows investors to transfer eligible digital assets in exchange for fund shares without first selling the cryptocurrencies for cash. Grayscale nevertheless requires substantial minimum investment amounts and applies eligibility requirements and product-specific procedures. The mechanism does not extend to universal in-kind redemptions for retail investors or guarantee cheaper execution, given transfer risks, tax consequences and possible differences between a fund’s market price and the value of its underlying asset.
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