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@ Anda
2025-02-27 12:44:10
How is no one talking about the coordinated tax harvesting by the #bitcoin ETFs?
ETF’s launched Jan 2024, and the multibillion dollar outflows started the last week, 2 months before the tax deadline.
It’s obvious that profits are being taken, triggering long-term capital gains, and likely used to pay 2024’s taxes. Then they reallocate to the ETF now that the price dropped, and sell off again this time next year to pay their 2025 gains. Rinse and repeat.
And that’s just the US. Don’t forget all the foreign allocators with different fiscal years and other incentives.
#btc #gm #pv