The Rollup

Krista Lynch: Wall Street Is Going All In On Digital Assets (Insider Take)

Oct 14, 2026
Krista Lynch, Grayscale’s Head of Trading and Capital Markets, explores Wall Street’s accelerating embrace of digital assets. She explains in-kind ETF creations, tax and estate advantages, collateral access, and Grayscale’s tokenized covered-call filings. Lynch also discusses advisors’ growing demand, the hurdles products must clear, and why Zcash may appeal as privacy-focused, AI-resistant money.
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INSIGHT

Why Crypto Investors Choose In-Kind ETFs

  • In-kind ETF transactions let crypto holders contribute tokens directly for brokerage access, institutional custody, margin, and collateral.
  • Grayscale now offers this route for Zcash holders seeking an institutional-grade solution without first selling their coins.
INSIGHT

ETFs Bridge Crypto And Traditional Finance

  • ETFs can connect crypto-native wealth with traditional tax, custody, and succession structures.
  • Grayscale is exploring the reverse journey too, potentially re-tokenizing ETF holdings so investors can return to on-chain rails.
INSIGHT

Tokenized ETFs Combine Both Financial Rails

  • Tokenization experiments aim to combine brokerage benefits with on-chain composability and access.
  • Grayscale filed to tokenize Bitcoin and Ethereum covered-call funds, while in-kind creation and redemption helps ETFs trade near NAV.
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