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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...

The Spanish Ministry of Finance aims to enhance its authority to seize crypto and non-fungible tokens (NFTs) as part of a new tax reform . The Ministry of Finance of Spain is gearing up to push a new tax reform that would grant it new power to seize cryptocurrencies and digital collectibles in case of failure to pay taxes, according to the Spanish daily newspaper El Economista. The report says the ministry has proposed reform s to the General Tax Law, specifically Article 162, that would empower the local tax agency authority to seize crypto when executing a user debt. Additionally, amendments to the General Collection Regulations are suggested to enable the embargo of cryptocurrencies. El Economista notes that the ministry already has information on taxpayers’ crypto holdings, adding that individuals and companies starting this year are obligated to declare their crypto held abroad. You might also like: Ex-Spain FA boss Rubiales launches NFTs amid sexual assault ac...

Indian crypto exchanges CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS. The CoinSwitch crypto exchange is the latest crypto trading platform in India that cut its workforce amid the prolonged cryptocurrency winter, the local news agency Moneycontrol reported on Aug. 28. The crypto exchange reportedly laid off 44 employees from its customer support division in August, citing redundancy in roles amid the bear market-triggered lack of customer queries. “We continuously evaluate our business to stay competitive, prioritizing innovation, value, and service for our customers. To that end, we right-sized our customer support team to align with the present volume of customer queries on our platform,” CoinSwitch said. The firm added that this impacted the roles of 44 members of its support team, who “voluntarily resigned from their roles after a detailed discussion with their managers.” 44 employees account for a significant share — or roughly 8% — o...