@davidcjonesvt Thanks for the reply. I completely agree that these are not sales fees either. They are expenses. Everything in the GBTC letter refers to them as expenses. The word "fee" does not appear in the document. I'm sure that you trust your tax attorney, but if he is calling these expenses "fees for holding/managing the bitcoin", I would just ask for his justification for that, beyond just what he thinks or already has in his mind about it. Where does anything actually say "fees"? GBTC and crypto products in general are different animals.
I am not 100% sure that I am correct, but I'm trying to get there. I welcome any pushback or evidence you can give me that I am wrong. But I am not inclined to change my mind just because your tax attorney said so.
