Hi, I'm trying to figure out the safest way to take out a collateral loan against my BTC. I don't really trust any of the companies that offer it.
I was thinking of selling 15% of my HODL portfolio and buy a spot BTC ETF, and then get a collateral loan against it.
The pros I see is that the ETF is protected by SIPC
The con is that I would have to pay capital gains tax even though I'm just transferring the money from one form of BTC to another.
Please offer tips, critique, or suggestions?
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