Regulation· ★★★★· bullish·

Grayscale opens in-kind investing across 10 crypto ETPs

  • —In-kind creation and redemption live across 10 Grayscale products
  • —Mechanics run through authorized participants including Jane Street and Virtu
  • —SEC approved in-kind for spot crypto ETPs on July 29, 2025
  • —In-kind share of Bitcoin ETP activity rose from 28% in March to 62% by June
Why it matters: In-kind capability is becoming table stakes for spot crypto ETPs, cutting execution costs and intensifying competition with issuers such as BlackRock.
#BTC#DOGE#AVAX#ZEC
Source: Crypto Briefing
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