For comparison...
GBTC: 1.5% annual fee
IBIT: 0.25% annual fee
BTC: 0% annual fee
Somehow 138,000 BTC are still in GBTC paying these insane fees. Probably because many people are sitting on large unrealized capital gains tax. They feel "stuck."
Bitcoin financial services company just launched a product that enables people to convert their GBTC > BTC while deferring capital gains tax.
Good fit for anyone holding GBTC with unrealized capital gains, in a taxable brokerage account.
Can learn more at Swan.com/RBX
[link] [comments]
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