Re: Bitcoin ETF
Posted: Wed Feb 28, 2024 12:13 am
The issue in Japan is that bitcoin profits are taxed as income, whereas ETF capital gains would be taxed at the flat 20.315%. I would much rather pay the latter.Yutaka2024 wrote: ↑Tue Feb 27, 2024 10:54 pmI would rather own the real thing vs ETF, but the etf is going to allowed instutional money to come into crypto sphere and pump bitcoin to mid six figure prices in years to comenagasakirams wrote: ↑Mon Feb 26, 2024 8:37 amI wonder why a bitcoin ETF is considered so dangerous we need to be protected. We can buy the real thing on Bitcoin exchanges.Tsumitate Wrestler wrote: ↑Fri Feb 23, 2024 9:38 am
The FSA is conservative and is looking to protect investors. The SEC was looking to do the same but was forced by the courts to allow an ETF.