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Is GBTC a digital asset?
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?
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.
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