The U.S. Securities and Exchange Commission approved in-kind creations and redemptions for spot crypto exchange-traded products in July 2025.

From the articleGrayscale expands in-kind subscriptions to 10 crypto ETFs and trustsAlso in Grayscale Opens 10 Crypto Products to Direct Swaps With $80K Minimum, Grayscale lets investors swap crypto for ETP shares across 10 funds - Cryptopolitan, Grayscale Expands In-Kind Crypto Subscriptions to 10 Products, Letting Investors Receive Fund Shares With Tokens
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