Pt. 2 How to transfer BTC into an ETF with Teddy Fusaro and Cliff Cornell

In-kind Bitcoin-ETF transfers, now down to $1-3M minimums, avoid capital gains tax via grantor trust status under IRC 671.

• In-kind BTC-to-ETF transfers: Clients can send Bitcoin directly to a trust's custody account via an Authorized Participant (AP), receiving ETF shares through DTC into their brokerage account without converting to cash.
• Grantor trust is the key: Under IRC 671, holders of a grantor trust like Bitwise's BITB are treated by the IRS as directly owning the underlying Bitcoin, not ETF shares.

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