Grayscale has now enabled crypto-for-shares transactions across all 10 products: DOGE, AVAX, LINK, HYPE, SUI, ZEC, and a staked version of ETH are also included. You don’t have to sell your coins for cash first—you can exchange them directly for fund shares. The minimums are steep: around $80,000 for SOL and up to around $365,000 for the BTC Mini Trust, and you also have to go through an authorized participant. The official messaging is blunt: self-custody and DeFi have suffered too many hacks, so institutional custody is starting to look valuable. At its core, this is be