Yes, if you buy and sell BITW or any other Bitcoin ETF, this question will apply because in this case you are dealing with digital assets and transactions with them may be subject to reporting requirements. However, it is important to note that if you buy cryptocurrency directly through exchanges, you may also be issued 1099 forms if you receive income from such transactions. Therefore, it is always a good idea to consult with a tax professional to properly report transactions with digital assets.
Personally, I am involved in cryptocurrency trading, and in order to take my first steps in this area, I used resources from the learn.binany.com platform. This is a great way for beginners to understand the nuances of cryptocurrency trading and to safely manage their assets.
