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568 sats \ 2 replies \ @hong OP 7 Mar 2024 \ parent \ on: I'm Hong, cofounder/CTO of Bitwise. AMA! AMA
from the ETF perspective, i'd love to figure out how to enable in-kind redemptions so that ppl can redeem without a tax event in a self-sovereign way when they are ready. there are gold ETFs that allow for this so it should theoretically be possible but the SEC is not allowing it at the moment. so more wood to chop there.
SEC had runout of ideas to stop Bitcoin. Now these partial tax rules only indicate Gensler's embarassment.
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Interesting insight. Wasn’t aware that was the case. Thanks.
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