Do I have a financial stake in a digit asset if I only invest in it on Robinhood? I sold some Bitcoin, which is reported on a 1099-DIV forms.

webperson04 · ‎February 9, 2025

I do not physically own any coins, so I'm thinking the answer is no. I assume investing in crypto in Robinhood is no different than any other stock.

SusanY1 · ‎February 9, 2025

Investing in crypto via Robinhood is still considering owning a digital asset if you own Bitcoin directly. You are still the owner of these assets, Robinhood just executes the transactions for you.

However, if you own a fund that invests in crypto assets, like a crypto ETF, that would not count.

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View solution in original post

SusanY1 · ‎February 9, 2025

Investing in crypto via Robinhood is still considering owning a digital asset if you own Bitcoin directly. You are still the owner of these assets, Robinhood just executes the transactions for you.

However, if you own a fund that invests in crypto assets, like a crypto ETF, that would not count.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Do I have a financial stake in a digit asset if I only invest in it on Robinhood? I sold some Bitcoin, which is reported on a 1099-DIV forms.