The asset management firm declares that the Grayscale Bitcoin Trust falls under the grantor trust structure for tax considerations.
Grayscale is evaluating the possible tax consequences associated with spot Bitcoin (BTC) exchange-traded funds (ETF) following inaccurate reports circulating about unfavorable tax implications.
In a series of posts on X (formerly Twitter), Grayscale clarified that retail investors of the Grayscale Bitcoin Trust (GBTC) are not expected to incur tax implications when the fund sells Bitcoin to generate cash for meeting share redemptions.
Related: Brazil signs overseas crypto tax bill into law
Read more
