Swan on What Bitcoin Did

if you own a bitcoin etf especially if it's gbtc you need to listen up spot bitcoin etfs provide price exposure to bitcoin not direct ownership you can't withdraw it you can't self-custody it and they charge you a management fee every year to hold it well swan recently announced swan real bitcoin exchange and it's ready to use right now rbx is a structured in-kind exchange that converts your spot bitcoin etf shares into real on-chain bitcoin it does that without selling on the open market and it's designed to support a tax efficient outcome so for example if you hold gbtc you're paying one and a half percent a year in management fees for bitcoin price exposure but by swapping gbtc for real bitcoin with rbx you can drop that figure as low as zero percent by just holding it in self-custody this is designed in a way that maintains your cost basis and in a manner that supports the deferral of capital gains tax so if you own a bitcoin etf especially if it's gbtc you need to talk to swan private about rbx today head over to swan.com forward slash wbd and book in a call with one of their team that's swan.com forward slash wbd