Crypto as ETF shares…Spot in-kind contributions expand amid institutional custody demand
Original headline암호화폐를 ETF 지분으로…기관급 수탁 수요에 현물 납입 확대
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Grayscale has widened access to in-kind ETF share creation, letting individual investors convert crypto holdings directly into ETF shares rather than selling on the open market, a feature previously reserved for institutions. Krista Lynch, Grayscale's head of trading and capital markets, said in a Nov. 10 CoinDesk interview that the lower threshold reflects demand from self-custody investors for institutional-grade custody and brokerage-account asset management. The mechanism differs from secondary-market trading, where existing ETF shares change hands on exchanges, because it supplies the underlying asset in exchange for corresponding shares. The move matters because it could keep long-term holders in the crypto ecosystem instead of forcing taxable sales, while broadening the investor base for Grayscale's spot products. What to watch next is whether other issuers follow with similar in-kind windows and whether uptake among retail holders shows up in creation volumes.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Grayscale, Krista Lynch, CoinDesk