Grayscale expands token-for-ETF access as institutional custody draws crypto investors

Investors holding cryptocurrency can increasingly exchange their tokens for ETF shares without first selling them, as Grayscale broadens access to in-kind investing. Institutional custody and the convenience of managing assets through a brokerage account are also attracting investors accustomed to holding tokens in their own wallets. In a CoinDesk interview on November 10, Christa Lynch, Grayscale’s head of trading and capital markets, said the firm was extending access to a process previously available to institutional investors. Grayscale has opened in-kind investing across 10 crypto ETPs, using intermediaries to accommodate smaller transactions. In-kind creation involves delivering an ETF’s underlying assets in exchange for shares.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.