Apparently, even cypherpunks hate paying taxes. So-called 351 exchanges are all the rage with wealthy investors who want to transfer assets between holdings in their portfolios without triggering capital gains taxes. They also let investors with heavily concentrated stock positions convert them into a diversified exchange-traded fund. But what about cryptocurrencies, like bitcoin? Some experts are working on new strategies that, one day, may allow digital assets to be converted into indexed products witho ...

Group 1 - The ETF Prime platform connects advisors managing concentration risk with ETF issuers offering 351 exchanges, allowing tax-free swaps of individual securities for ETF shares under an 80-year-old tax code provision [1] - The platform is free for advisors, generating revenue through listing and marketing fees from ETF issuers, and is expected to have 50 to 100 opportunities by year-end, indicating a mainstream adoption of the 351 exchanges [1] - Approximately one-third of the 1,000 recently launched ETFs could utilize this tax-efficient structure, although legal uncertainties exist regarding strategy alignment and rebalancing timelines [1] Group 2 - Themes ETFs has experienced rapid growth, currently managing 17 thematic ETFs with $300 million in assets and 73 leveraged share ETFs with nearly $1 billion in assets [1] - The firm focuses on pure play exposure, avoiding unrelated stocks to enhance returns, with the Themes Silver Miners ETF (AGMI) achieving a nearly 240% gain over the past year due to silver's dual role as an industrial metal and undervalued asset [1] - Themes ETFs' only active strategy is the Themes Global Systemically Important Banks ETF (GSIB), which includes the 29 largest financial institutions designated by the Financial Stability Board [1]