Is GBTC a digital asset?

[dvwrld]

I own shares of GBTC. Do I answer "yes" or "no" to the question -- Do you have any financial interest i a digital asset in 2022?

[TomK2023 · Accepted solution]

Answer No.

The IRS definition of Digital Assets:

"Digital assets are broadly defined as any digital representation of value which is recorded on a cryptographically secured distributed ledger or any similar technology as specified by the Secretary.

Digital assets include (but are not limited to):

• Convertible virtual currency and cryptocurrency
• Stablecoins
• Non-fungible tokens (NFTs)"

You own shares in a trust... similar to owning shares in a REIT.  You do not own actual virtual currency, coins, etc.