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Your guide: How are Bitcoin ETFs Taxed? Exchange Traded Funds (ETFs) that hold Bitcoin are becoming more popular as a way to invest in Bitcoin without actually holding the cryptocurrency. Although, Bitcoin ETF s have tax effects, just like any other investment. Knowing how Bitcoin ETF s are treated can help you make smart choices and keep you from being surprised when it’s time to pay your Taxes . The main parts of Bitcoin ETF taxation are broken down clearly and easily in this guide. Keep reading to learn more. Also read: Bitcoin: BlackRock Says ETFs Will Reach $4T by 2030 How Bitcoin ETFs are Taxed Most Bitcoin ETFs are set up as grantor trusts. So, the ETF holds Bitcoin as its underlying asset, and the value of the ETF shares is equal to the value of the Bitcoin owned. The way Bitcoin ETFs are taxed is similar to how grantor trusts are taxed. This makes the tax effects simple but important to understand. Gains and Losses on Capital You might make or lose money when you sell Bi...

Is NFT Safer than Crypto? Exploring the Security of Digital Assets The world of digital assets has gained significant attention in recent years, with cryptocurrencies and non-fungible tokens (NFTs) taking center stage. As more people delve into this new frontier, questions arise about the safety and security of these digital assets. In this article, we will explore the security aspects of NFTs and cryptocurrencies, providing insights into their strengths and vulnerabilities. Also read: Stablecoins Account for 86% of Transfer Volume: NFTs, Gaming Chip In 0.18% Source: NFT News Pro Understanding NFTs and Cryptocurrencies Before we delve into the security aspects, let’s briefly recap what NFTs and cryptocurrencies are. NFTs, or non-fungible tokens, are unique digital assets that represent ownership of a specific item or piece of content. These can range from digital art to music, videos, collectibles, and even real estate. NFTs are built on blockchain technology, wit...