Grayscale is letting eligible investors subscribe to 10 digital asset products using crypto they already hold. $BTC, ETH, $SOL, XRP and $DOGE , alongside $LINK , $AVAX, $SUI , HYPE and $ZEC. This provides long-term holders of a project’s tokens with a way to access liquidity without selling their crypto assets, indirectly enhancing the appeal of those tokens as stores of value or long-term investments.
Benefits:
1. Locking up tokens
Investors transfer their on-chain spot assets directly to Grayscale’s custodian in exchange for fund shares. This process does not involve public-market trading at all, so it creates no selling pressure on exchanges. It also effectively converts substantial liquidity into institutional holdings locked up for the long term.
2. Institutional capital accumulation
It eliminates the cumbersome steps and substantial transaction friction costs of “selling coins first and paying taxes/fees, then buying the fund.” This lowers the barriers for institutions to transfer on-chain assets into compliant traditional financial market structures, helping attract more large-scale capital to remain in the project’s ecosystem for the long term.
3. Institutional endorsement and brand effect
Being included in Grayscale’s list of 10 products that support in-kind subscriptions is undoubtedly recognition of the project’s compliance and security by a top-tier institution. This can significantly increase the project’s credibility and visibility in the eyes of traditional financial institutions.
4. Tracking accuracy
The corresponding ETF/Trust price can more closely reflect the true net asset value of the on-chain spot asset, avoiding the extreme discounts or premiums and resulting imbalance seen with GBTC in the past. This helps foster a healthy, efficient market for derivatives and financial products.
5. Financial leverage and utility
These shares can serve as high-quality collateral within the traditional financial system, for securities-backed loans, estate planning, or options hedging strategies.
Which one is a reason to buy?
Benefits:
1. Locking up tokens
Investors transfer their on-chain spot assets directly to Grayscale’s custodian in exchange for fund shares. This process does not involve public-market trading at all, so it creates no selling pressure on exchanges. It also effectively converts substantial liquidity into institutional holdings locked up for the long term.
2. Institutional capital accumulation
It eliminates the cumbersome steps and substantial transaction friction costs of “selling coins first and paying taxes/fees, then buying the fund.” This lowers the barriers for institutions to transfer on-chain assets into compliant traditional financial market structures, helping attract more large-scale capital to remain in the project’s ecosystem for the long term.
3. Institutional endorsement and brand effect
Being included in Grayscale’s list of 10 products that support in-kind subscriptions is undoubtedly recognition of the project’s compliance and security by a top-tier institution. This can significantly increase the project’s credibility and visibility in the eyes of traditional financial institutions.
4. Tracking accuracy
The corresponding ETF/Trust price can more closely reflect the true net asset value of the on-chain spot asset, avoiding the extreme discounts or premiums and resulting imbalance seen with GBTC in the past. This helps foster a healthy, efficient market for derivatives and financial products.
5. Financial leverage and utility
These shares can serve as high-quality collateral within the traditional financial system, for securities-backed loans, estate planning, or options hedging strategies.
Which one is a reason to buy?
消除賣壓與鎖定籌碼
45%
吸引傳統巨鯨與機構資本沉澱
11%
機構級背書與品牌效應
22%
提高套利效率與追蹤精準度
22%
9 votes • Voting closed