RBX is a structured in-kind exchange that converts your spot Bitcoin ETF shares into real, on-chain Bitcoin you own, without selling, and is designed to support a tax-efficient outcome.
swan.com/rbx
RBX is available to all Swan Private clients.
This is not tax or financial advice. Tax treatment depends on your circumstances. Consult a tax professional.
Why are you still paying 1.5% to hold $GBTC?
143,983 Bitcoin live in this ETF. That's over $9B in USD value. Translates to ~$140M in expense ratio costs. (These numbers grow with the Bitcoin price too)
@Swan just created your escape hatch with RBX.
Cool to see Swan launching a service to let investors convert their paper Bitcoin directly into onchain coins.
Weird that more companies haven't launched this.
IMO this is the logical next step in institutional adoption because the ETF will always be just a temporary onboarding wrapper for traditional capital.
Institutional investors are not noobs.
They know that holding a paper share in a BlackRock fund is not the same as owning the underlying asset.
My conversation w/ @CorySwan…
@Swan just launched RBX, which lets investors convert spot btc ETFs into direct btc ownership. We discuss in detail.
Also cover:
-@Swan value prop
-ETFs = bridge b/w tradfi & defi
-Recent btc drawdown
-Investment case for btc
via @CryptoPrimePod
RBX is built for sizable, low-cost-basis Bitcoin ETF positions: high-net-worth individuals, family offices, trusts, and long-term holders.
Available to Swan Private clients.
If you hold a sizable Bitcoin ETF position, a Swan Private representative can review whether the structure fits and walk you through the steps.
swan.com/rbx
The BITCOIN SEASON trailer just dropped - a visionary film that enshrines - and ultimately forecasts - Bitcoin’s infiltration of America’s sports business.
Directed by @MikeNicollMedia and featuring many prominent Bitcoiners. Swan is a proud partner.
Exactly 15 years ago today when Bitcoin was trading at $15, Hal Finney said:
"Every day that goes by and Bitcoin hasn't collapsed…increases the chance of Bitcoin's eventual success and justifies a higher price."