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Get your taxes done using TurboTax
No, when you buy an ETF, you aren't buying the underlying investment directly. Bitcoin ETF is a fund traded on the stock exchange that tracks the performance of Bitcoin itself. At this time, there are no ETFs that actually own digital assets. This is because crypto in general isn't regulated by the SEC. For this reason, BItcoin ETF is not considered to be cryptocurrency.
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‎January 30, 2024
7:28 AM