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Your guide: How are Bitcoin ETFs Taxed? Exchange Traded Funds (ETFs) that hold Bitcoin are becoming more popular as a way to invest in Bitcoin without actually holding the cryptocurrency. Although, Bitcoin ETF s have tax effects, just like any other investment. Knowing how Bitcoin ETF s are treated can help you make smart choices and keep you from being surprised when it’s time to pay your Taxes . The main parts of Bitcoin ETF taxation are broken down clearly and easily in this guide. Keep reading to learn more. Also read: Bitcoin: BlackRock Says ETFs Will Reach $4T by 2030 How Bitcoin ETFs are Taxed Most Bitcoin ETFs are set up as grantor trusts. So, the ETF holds Bitcoin as its underlying asset, and the value of the ETF shares is equal to the value of the Bitcoin owned. The way Bitcoin ETFs are taxed is similar to how grantor trusts are taxed. This makes the tax effects simple but important to understand. Gains and Losses on Capital You might make or lose money when you sell Bi...

The State of Wisconsin Investment Board has disclosed its purchase of $99 million worth of Spot Bitcoin ETF. Specifically, a recent filing with the US Securities and Exchange Commission (SEC) reveals its purchase of BlackRock’s iShares Bitcoin Trust (IBIT) offering. This development is yet another example of prominent financial institutions buying into the Bitcoin investment vehicle. Since their approval in January of this year, they have surged in prominence among institutional investors. Among the entities revealed to have Bitcoin ETF exposure are prominent banks like Wells Fargo and JPMorgan. JUST IN: State of Wisconsin Investment Board discloses buying $99 million worth of BlackRock's spot # Bitcoin ETF . — Watcher.Guru (@WatcherGuru) May 14, 2024 Also Read: JPMorgan Chase Discloses Spot Bitcoin ETF Portfolio State of Wisconsin Investment Board Bought $99M of BlackRock Bitcoin ETF At the start of 2024, the finance sector was engulfed in t...

Renowned investment bank Morgan Stanley aims to add a spot Bitcoin ETF to its brokerage platform. The organization’s interest in offering Bitcoin (BTC) ETFs was sparked by the Securities and Exchange Commission’s (SEC) approval on January 10. Morgan Stanley is set to become the first broker-dealer platform to list ETFs when a  spot Bitcoin ETF is listed on its platform. Meanwhile InQubeta (QUBE) , a promising AI Crypto , is making significant milestones with its blend of artificial intelligence (AI) and Crypto currency. The project has the potential to offer investors massive gains by providing promising and affordable AI investments. Top Crypto coins like Solana (SOL) could be outshone by this AI Crypto because of its strategic positioning and increased adoption. This article discusses why Solana faces being outshone by InQubeta as Morgan Stanley bids for spot Bitcoin ETF s. InQubeta’s (QUBE) Explosive Potential Rallies Institutional...

Just ten days into the new year, the US Securities and Exchange Commission (SEC) has approved a host of Spot Bitcoin ETF s. With some massive asset management first issuing the investment product, their popularity is likely to skyrocket. Subsequently, this guide will break down just where can you buy Spot Bitcoin ETF s. The initial approval saw 11 total Spot Bitcoin ETFs officially receive a green light. Yet, for those unfamiliar with these investment products, knowing how to start investing can be a little bit of a learning curve. Spot Bitcoin ETFs are an investment product that allows investors to gain exposure to BTC price movement through regular brokerage accounts. Differing from Futures ETFs, these funds allow direct investments into Bitcoin as an asset. So, let’s explore the current Spot Bitcoin ETFs on the market, and where you can buy them. Approved Spot Bitcoin ETFs and Their Exchanges Source: Market Watch Also Read: Spot Bitcoin ETF Could Push BTC Price to $...

In an interview with Fortune, Valkryie cofounder Steven McClurg said he expects their Spot Bitcoin ETF will receive approval on Wednesday. Moreover, he predicted that trading would then start as soon as Thursday morning. Indeed McClurg discussed the investment product and the process that has preceded the expected approval. Additionally, McClurg discussed US Securities and Exchange Commission (SEC) Chairman Gary Gensler. Often maligned, McClurg shared a different perspective on the chairman. Specifically, the Valkyrie founder said that Gensler has been “good for Bitcoin” throughout his tenure. JUST IN: Spot #Bitcoin ETF applicant Valkyrie co-founder says he expects approval on Wednesday & trading on Thursday. — Watcher.Guru (@WatcherGuru) January 9, 2024 Also Read: Valkyrie Files Registration of Securities With SEC For Bitcoin ETF Valkyrie Founder Predicts Bitcoin Approval Wednesday, Trading to Start Thursday For the past few months, anticipation o...

One of the largest international banks on the planet, Standard Chartered has recently predicted that Bitcoin could see as much as $100 billion in Spot ETF inflows. Specifically, the bank stated those funds could be seen in 2024, following approval of the investment product. Industry experts have increased their expectations of the product’s approval in the coming days, with many expecting approval to arrive by Wednesday of this week. Moreover, Standard Chartered has forecasted a massive price increase for the digital asset following approval of the more than a dozen spot Bitcoin ETF applications that the US Securities and Exchange Commission (SEC) is currently contemplating. JUST IN: Standard Charter Bank says #Bitcoin could see $50-100 billion in spot ETF inflows upon approval in 2024. — Watcher.Guru (@WatcherGuru) January 8, 2024 Also Read: Bitcoin: Standard Chartered Says ETF to Bring 165% Gain in 2024 Standard Chartered Bank Predicts $50-100 Billion in In...

In another chapter of the ongoing process, Grayscale has filed a registration of securities with the US Securities and Exchange Commission (SEC) for its Spot Bitcoin ETF . Registration is a crucial part of the application process and could signify approval is somewhere on the horizon. Fidelity recently submitted the same filing this week, as they also prepare their application to be approved, or denied, before next week’s deadline. Both firms represent one of the more than a dozen applicants the SEC is considering. However, this development does increase the odds of approval from the agency. JUST IN: Grayscale files registration of securities with SEC for its spot #Bitcoin ETF. pic.twitter.com/aedNa53m8j — Watcher.Guru (@WatcherGuru) January 4, 2024 Also Read: Goldman Sachs Wants Role in BlackRock, Grayscale Bitcoin ETF Grayscale Files Registration of Securities for Spot Bitcoin ETF Over the past few months, the arrival of a Spot Bitcoin ETF has excited...

Analysts at Matrixport do not rule out there will be pressure to ‘right-size’ Binance. With Changpeng Zhao leaving Binance as its Chief Executive Officer (CEO), the crypto exchange will likely have from two to three years before competition in the market starts affecting the company’s position, according to a new report. Analysts at Matrixport, a Singapore based crypto management platform founded by Jihan Wu, wrote that there “will likely be pressure to ‘right-size’ the company.” As of July 2023, Binance had almost 8,000 employees and even planned to hire more, while other crypto exchange s reduced their headcounts in a bid to optimize operating expenses. “With Changpeng Zhao stepping down and the fine less than the $10 billion feared, Binance will likely remain a top-three exchange over the next two-three years.” Matrixport You might also like: Coingecko: Coinbase tops crypto lobbying spenders in 2023 Analysts al...

Eleanor Terrett, a Fox Business journalist, shared a post on X reminding the public that the U.S. Securities and Exchange Commission (SEC) has until midnight to appeal the Grayscale bid for a spot Bitcoin ETF. If they don’t, then in one week, the case will be closed, and Grayscale can move forward in the approval process. Getting the ball rolling Today, Oct. 13, is the day the SEC must make a decision in response to the D.C. Circuit Court of Appeals’ ruling. Either the regulatory body must file an appeal with the United States Supreme Court, formally petitioning the Appeals Court to reconsider its judgment, or abiding by the court’s directive issued in August. This directive stipulates a comprehensive assessment of Grayscale’s request to transform its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin exchange-traded fund (ETF). NEW: The @SECGov has until midnight tonight to appeal the @Grayscale decision. If they don’t, then in seven days from now the case will be c...

Four House Reps. wrote a letter to SEC Chair Gary Gensler on Wednesday. They dubbed Spot Bitcoin ETF “indistinguishable” from Crypto Futures ETF. Bitcoin is still trading around the $26,000 level at writing on Wednesday. All eyes are on Bitcoin today after the U.S. lawmakers urged the Securities & Exchange Commission to “immediately” approve applications it has received for a Spot Bitcoin ETF. House Reps. wrote a letter to Gary Gensler today On Wednesday, four members of the House Financial Services Committee wrote a letter to Gary Gensler in which they argued that a Spot Bitcoin ETF is not particularly different from a Crypto Futures ETF that the regulator has already approve d. And so, they urged Chair of the SEC in their letter to allow the likes of BlackRock, Fidelity and several others to list a Spot Bitcoin ETF . SEC’s current posture is untenable moving forward … there is no reason to continue to deny such ...

$1.5 trillion asset management firm Franklin Templeton has officially filed for a spot Bitcoin ETF . The firm now joins traditional finance juggernauts BlackRock and Fidelity in the race to receive the first approval of its kind in the United States from the US Securities and Exchange Commission (SEC).  The asset management firm filed its application on Tuesday, joining the ever-growing list of filers. Moreover, the firm proposed Coinbase as the custodian of the ETF that would trade on the Cboe BZX Exchange. The move could yet again solidify the underlying belief that approval is imminent.  JUST IN: $1.5 trillion asset manager Franklin Templeton files for Spot #Bitcoin ETF. — Watcher.Guru (@WatcherGuru) September 12, 2023 Also Read: JP Morgan Says SEC Will Likely Approve Grayscale Spot Bitcoin ETF $1.5 Trillion Asset Manager Franklin Templeton Files for Spot Bitcoin ETF In the last several months, the race for the first approved spot Bitcoin ETF has bee...

Also Read: SOL Price Prediction: Bulls Poised For New Rally, Solana Strengthens Technical Outlook advertisement Earlier, CoinGape reported that JP Morgan analysts believe the U.S. Securities and Exchange Commission (SEC) will be compelled to approve the motion for approving the Grayscale Bitcoin ETF into a spot ETF. However, it remains to be seen which company among the likes of Blackrock, Ark Invest, Fidelity Bitwise will grab the filing for the ETF. Fresh Wave Of Bitcoin Investment Crypto community insiders believe that an ETF approval could bring in a fresh wave of funds into the digital assets market. Lark Davis, a Bitcoin investor, said it is estimated that anywhere between $20 to $30 billion in cash could be invested in Bitcoin, as and when the ETF is approved. For a perspective, this amount could be worth about 50% of all the BTC existing in the crypto exchanges currently. “Estimates are that a spot Bitcoin ETF would bring 20-30 billion of fresh cas...

Crypto asset manager Hashdex has ignited excitement by submitting an application to the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin ETF. The filing outlines that the Hashdex Bitcoin ETF intends to directly source its Bitcoin assets from exchanges affiliated with the Chicago Mercantile Exchange market. Seasoned analysts, including James Seyffart from Bloomberg, have dissected the application, revealing a strategy primarily centered on exchange-traded position transactions.  UPDATE: We have another entrant into the spot #bitcoin ETF race. @hashdex has filed to be able to hold spot bitcoin in their bitcoin futures ETF — $DEFI pic.twitter.com/zH0noPFw4l — James Seyffart (@JSeyff) August 25, 2023 This method involves trading futures contracts in exchange for equivalent spot exposure, differentiating it from direct cash purchases on other exchanges. You might also like: Europe’s new spot Bitcoin ETF boosts market share: BDSwiss The spot Bitcoin...

Hashdex Bitcoin ETF Filing Hashdex plans to hold spot Bitcoin in the Bitcoin futures ETF and change the name containing the DeFi ticker to Hashdex Bitcoin ETF , according to a 19b-4 filing by NYSE Arca with the US SEC. advertisement Bloomberg analyst James Seyffart noted that Hashdex filing is unique as it doesn’t rely on the Coinbase surveillance sharing agreement. Hashdex Bitcoin ETF will obtain spot Bitcoin through physical exchanges in the CME market. Also, it plans to do only Exchange for Related Positions (EFRP) transactions, which means exchanging futures contracts for equivalent spot exposure rather than buying directly from exchanges with cash. James Seyffart believes this has a higher chance of approval by the SEC amid pressure on Gary Gensler due to Grayscale lawsuit, Ethereum futures filing, and BlackRock’s introducing the Coinbase surveillance sharing agreement. Other experts including The ETF Store president Nate Geraci, investor...