Grayscale Opens In-Kind ETF Access With Six-Figure Entry Minimums

Grayscale has opened in-kind creation and redemption for its Bitcoin and Ethereum exchange-traded products, initially through authorized participants and eligible institutional investors. The reported entry minimums are six figures, limiting direct access to larger market participants rather than retail investors. In-kind transactions can reduce the need to buy or sell underlying assets for cash, potentially improving trading efficiency and lowering fund operating frictions. The change may strengthen institutional ETF infrastructure, but does not by itself signal new retail demand for Bitcoin.