One thing I learned today:

The companies that offer a BTC ETF do not pay any taxes on the Bitcoin that they hold. They only pay taxes on the income on the management fee they charge for the fund. However, buyers of the share will get tax documents for their revenue made.

My confusion initially was that because, for example, Blackrock holds Bitcoin and the Bitcoin could appreciate at a faster rate that the funds of the share. Meaning, could they potentially own more value than the secondary market price and NAV of the fund? To be honest, not sure here.

Gratitude:

I’m grateful to have one last chill weekend before a crazy one at Gasparilla

Affirmations:

I will run the 2024 NYC Marathon under 4:00:00

I will grow my blog by 10% every month using web3 tools

Miracle Morning:

Read: Yes

Meditate: Yes

Workout: Yes (run and back)

Make my bed: yes

Affirmations: yes

Gratitude: yes