LightningNetwork+ on Nostr: SEC said the #bitcoinETF needs to be “cash creates”, not “in-kind”. This ...
SEC said the #bitcoinETF needs to be “cash creates”, not “in-kind”.
This means folks use cash to buy the ETF shares, then the ETFs buy bitcoin. In-kind would allow swapping bitcoin directly for ETF shares.
Cash creates has higher costs, tax impacts, and creates more volatility.
Published at
2023-12-22 17:37:02Event JSON
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"content": "SEC said the #bitcoinETF needs to be “cash creates”, not “in-kind”.\n\nThis means folks use cash to buy the ETF shares, then the ETFs buy bitcoin. In-kind would allow swapping bitcoin directly for ETF shares.\n\nCash creates has higher costs, tax impacts, and creates more volatility. https://image.nostr.build/083c721f015753b1751eb08d5f41bfc126c398fd3e3c335e7840304a4c20529d.jpg ",
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