Talking Tokens
Talking Tokens
November 5, 2026·31:45

Why Grayscale Thinks the Crypto ETF Boom Isn't Over

In today's episode of Talking Tokens, Jacquelyn sits down with Krista Lynch, Managing Director, Head of Trading and Capital Markets at Grayscale, to discuss the evolution of crypto ETFs, the growth of digital asset investing, and Grayscale's plans for tokenization. Drawing on her experience at Goldman Sachs, BlackRock, and Grayscale, Krista shares the behind-the-scenes story of the US spot Bitcoin ETF approval process and explains how the crypto ETF market is expanding beyond Bitcoin and Ethereum. They explore why crypto native investors are moving assets into regulated ETF structures, how Grayscale evaluates new investment products such as Zcash, and how ETF shares can potentially be used as collateral. Krista also discusses the future of tokenized investment funds, the growing demand for 24/7 trading, and why the convergence of traditional finance and crypto could reshape global capital markets. Timestamps 00:42 — From Traditional Finance to Crypto ETFs 02:42 — Grayscale's Battle for Spot Bitcoin ETFs 03:48 — Inside Grayscale's ETF War Room 06:27 — How Crypto ETFs Differ From Traditional ETFs 07:13 — Why Crypto Investors Are Moving Assets Into ETFs 08:25 — Using Bitcoin ETF Shares as Collateral 10:23 — What Makes a Successful Crypto ETF? 11:23 — Bitcoin ETF Demand and Market Growth 12:28 — Zcash and Grayscale's New Crypto Products 13:13 — How Grayscale Selects Assets for ETFs 15:12 — Why Crypto ETF Momentum Could Continue 16:34 — Grayscale's Tokenization Plans 17:57 — Tokenization and 24/7 Trading 20:46 — Staking and Yield in Crypto ETFs 22:26 — How Crypto and Traditional Finance Are Converging 25:59 — Crypto Trading Trends and Market Structure 28:01 — Tokenization and Global Market Access 30:02 — The Future of Tokenized Finance 30:39 — Krista Advice for Investors

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This episode is sponsored by Securitize, the proven leader in tokenized funds, equities, and private markets. Discover more at securitize.io

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Jacquelyn Melinek

Why Grayscale Thinks the Crypto ETF Boom Isn't Over

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