🚨 Grayscale has made another big move! In the future, could you use BTC, ETH, and other crypto assets you hold to directly get fund shares?
Crypto asset giant Grayscale announced the launch of an “In-kind Investing” mechanism, initially covering 10 of its products.
Here’s the key point👇
🔥 No need to sell your coins for dollars first—you can directly contribute eligible crypto assets
💰 In exchange for shares in the corresponding fund products
📈 Covers products related to crypto assets including BTC, ETH, SOL, XRP, DOGE, and LINK
🏦 Could reduce asset conversion costs and make it easier for crypto to enter traditional investment portfolios
Before:
Hold coins → Sell coins → Convert to dollars → Buy fund shares
Now, some eligible investors can use crypto directly to subscribe for fund shares.
This is the change worth paying attention to: traditional finance is making a more direct connection between crypto assets and securities investments.
However, this doesn’t mean everyone can directly exchange crypto for ETFs. Eligibility, product, and subscription process restrictions still apply, and tax treatment will need to be assessed on a case-by-case basis.
🔥 Do you think directly using $BTC and $ETH to subscribe to traditional financial products will become more common in the future?
Crypto asset giant Grayscale announced the launch of an “In-kind Investing” mechanism, initially covering 10 of its products.
Here’s the key point👇
🔥 No need to sell your coins for dollars first—you can directly contribute eligible crypto assets
💰 In exchange for shares in the corresponding fund products
📈 Covers products related to crypto assets including BTC, ETH, SOL, XRP, DOGE, and LINK
🏦 Could reduce asset conversion costs and make it easier for crypto to enter traditional investment portfolios
Before:
Hold coins → Sell coins → Convert to dollars → Buy fund shares
Now, some eligible investors can use crypto directly to subscribe for fund shares.
This is the change worth paying attention to: traditional finance is making a more direct connection between crypto assets and securities investments.
However, this doesn’t mean everyone can directly exchange crypto for ETFs. Eligibility, product, and subscription process restrictions still apply, and tax treatment will need to be assessed on a case-by-case basis.
🔥 Do you think directly using $BTC and $ETH to subscribe to traditional financial products will become more common in the future?