Spot bitcoin ETFs were finally. It offers a more user-friendly and familiar investment vehicle. This could pave the way of new ETF shares to underlying asset and securely stores. This article was originally published.
Those risks made the Securities and Exchange Commission uneasy when it came to approving an ETF offering direct access to the cryptocurrency, even after other countries offered such products. Learn how and where to buy the new spot Bitcoin ETFs. Consensus is that when an AP is redeemed for cash, the tax consequences only accrue to that AP. If it was an in-kind model, then it would throw a lot of advantage toward the APs that do have that ability.
