Direct Held Bitcoin ETF with in kind redemption with Jeff Yew, CEO, Monochrome SLP586
Stephan Livera Podcast
Tax Implications and Market Considerations for Bitcoin ETFs
The chapter explores the tax implications of investing in Bitcoin ETFs with in-kind redemption compared to cash redemption, outlining potential consequences based on gains in the Bitcoin market and the distinctions across different jurisdictions. It also discusses the trade-offs between self-custody and ETFs, reasons for using Bitcoin ETFs, borrowing against Bitcoin holdings, the importance of institutional clients having a long-term view, and the significance of self-custody for Bitcoin. The chapter further examines the introduction of a Bitcoin ETF in Australia, benefits of using regulated products for assurance in pricing and transparency, the impact of low fees and spreads on costs, and the role of OTC desks and custody providers like Gemini in managing large orders.
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