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.
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.
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.