Grayscale now accepts crypto itself, not just dollars, in exchange for shares of ten of its exchange-traded products.

The asset manager has switched on in-kind investing across those funds. Eligible digital assets can go in, and fund shares come out, without first passing through cash.

The rollout took effect on October 21, 2026, according to the research findings on Grayscale’s announcement. It covers ten ETP and ETF products in the firm’s lineup.

Grayscale frames the change as letting investors exchange eligible digital assets for shares. The mechanics run mainly through authorized participants, the large trading firms that create and redeem ETF shares in bulk.

With in-kind creation, an authorized participant can hand the fund the…