Grayscale now accepts crypto in-kind for ETF shares, minimum $80,300
- —Ten Grayscale funds accept in-kind crypto subscriptions, including BTC, ETH, SOL, XRP and ZEC
- —Minimum entry ranges from $80,300 for Solana to $364,800 for other products
- —Five of the ten funds stake a portion of their assets
- —Grayscale warns the exchange may be a taxable event
Why it matters: The mechanism reduces sell pressure when entering ETFs and gives large holders a way into exchange-traded products without converting to fiat.
Source: Journal du Coin