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dmertz thank you for that helpful reply.  That is also my guess, and concern: "you have constructive receipt and the transaction would be a distribution and rollover."  As a followup  to that, if that were treated as a rollover, could a digital asset be rolled over from one custodian to another in a self directed IRA?  ...without having to liquidate it first?  I know several sdira custodians will receive a transfer in-kind of the digital asset without it first being liquidated, but I should find out if they could receive a rollover of the asset.