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Grayscale launches in-kind transfers for crypto ETPs covering BTC, XRP and others

Asset manager Grayscale has introduced an in-kind transfer feature that allows investors to exchange cryptocurrencies they hold for shares of its exchange-traded products without converting them into cash. The feature initially applies to 10 Grayscale crypto ETPs, covering products linked to bitcoin, ethereum, solana, XRP and others. Minimum investment amounts vary by product and stock price. Grayscale said the approach can reduce self-custody burdens and transaction costs.