# $7 billion crypto ETF plumbing boom draws IRS scrutiny

https://mins.news/en/item/78957

- CryptoSlate, 2026-09-29 15:51 UTC
- Economy
- Original: https://cryptoslate.com/a-7-billion-crypto-etf-plumbing-boom-just-ran-into-the-irs/

> The IRS and Treasury are examining whether crypto-linked ETFs are using in-kind redemptions to keep gains outside the 90% income test for regulated investment companies. Officials are seeking information and weighing further action, while BlackRock’s Bitcoin and Ethereum products had already distributed about $7.22 billion of assets in kind through June 2026.

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