Grayscale Opens In-Kind Subscriptions for 10 Crypto Products

Grayscale said Oct. 21 that eligible investors can contribute digital assets in exchange for shares in 10 of its investment products, using an authorized participant or a firm connected to one. The in-kind subscription route lets investors obtain product shares without first selling their crypto for cash, though access is subject to product availability and fees. Grayscale’s estimated minimum subscriptions, based on market prices on Oct. 20, range from about $80,300 for its Solana Staking ETF to about $364,800 for its Bitcoin Mini Trust ETF. The company said the amounts can change as market prices move. The estimates are not fixed entry prices. The eligible products cover assets including Bitcoin, Ether, XRP, Solana, Dogecoin, Avalanche, Chainlink, Hyperliquid, Sui and Zcash. To make a primary-market subscription, an investor must work through an authorized participant or a firm connected to one, according to Grayscale. Its announcement did not specify investor qualification criteria or fee amounts. Grayscale says investors may be able to hold the resulting shares in brokerage or retirement accounts and use them in conventional portfolio arrangements. A company executive also...