Investors & landlords

Tagteam quoted:

"Shareholders generally will be treated, for U.S. federal income tax purposes, as if they directly owned a pro rata share of the underlying assets held in the Trust."

 

See https://grayscale.co/wp-content/uploads/2019/02/GBTC-Tax-Info-Letter-2018.pdf

 

Wouldn't this mean we own the asset for tax purposes?