btcschellingpt on Nostr: In-kind ETF redemption Lot of chatter about US ETFs requesting permission to allow ...
In-kind ETF redemption
Lot of chatter about US ETFs requesting permission to allow in-kind redemptions for AP’s .. essentially massive insto’s .. not retail
Really behind the 8-ball compared to Monochrome Bitcoin ETF in Australia (IBTC) which was established as a bare trust enabling:
- in-kind submissions
- in-kind redemption
- and means unit holders are the *legal owner* of the underlying asset
- which means that in-kind activities don’t trigger tax events since no change to legal ownership
I don’t own ETF units, but if you wanted the optimal setup this is close to it imo .. ETF makes easy onboarding and then once you’ve learned what you’ve got, you can take actual ownership
Not your keys, not your coins
Lot of chatter about US ETFs requesting permission to allow in-kind redemptions for AP’s .. essentially massive insto’s .. not retail
Really behind the 8-ball compared to Monochrome Bitcoin ETF in Australia (IBTC) which was established as a bare trust enabling:
- in-kind submissions
- in-kind redemption
- and means unit holders are the *legal owner* of the underlying asset
- which means that in-kind activities don’t trigger tax events since no change to legal ownership
I don’t own ETF units, but if you wanted the optimal setup this is close to it imo .. ETF makes easy onboarding and then once you’ve learned what you’ve got, you can take actual ownership
Not your keys, not your coins