Investments in GBTC and ETHE

William S Eckels on

I know there were issues with investing in GBTC when it was a unit trust due to the number of basis adjustments required and the fact that Bivio does not support it for tax preparation purposes. Is that still the case now that GBTC has converted to an ETF?

ETHE is still a unit trust, so I assume that would be an issue in Bivio and something to avoid. Is that correct?

Thanks,

Scott

ira smilovitz on

Even though GBTC is trading as an ETF, the underlying trust is still the operating entity. The SEC documents filed by GBTC indicate that they intend to continue to operate as grantor trust.

Ira Smilovitz

On Thu, Feb 29, 2024 at 10:10â¯AM William S Eckels via bivio.com <user*37192200001@bivio.com> wrote:

I know there were issues with investing in GBTC when it was a unit trust due to the number of basis adjustments required and the fact that Bivio does not support it for tax preparation purposes. Is that still the case now that GBTC has converted to an ETF?

ETHE is still a unit trust, so I assume that would be an issue in Bivio and something to avoid. Is that correct?

Thanks,

Scott

David Karbulka on

How go you removed from the general mailing list?

On Thu, Feb 29, 2024 at 11:14â¯AM ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:

Even though GBTC is trading as an ETF, the underlying trust is still the operating entity. The SEC documents filed by GBTC indicate that they intend to continue to operate as grantor trust.

Ira Smilovitz

On Thu, Feb 29, 2024 at 10:10â¯AM William S Eckels via bivio.com <user*37192200001@bivio.com> wrote:
I know there were issues with investing in GBTC when it was a unit trust due to the number of basis adjustments required and the fact that Bivio does not support it for tax preparation purposes. Is that still the case now that GBTC has converted to an ETF?

ETHE is still a unit trust, so I assume that would be an issue in Bivio and something to avoid. Is that correct?

Thanks,

Scott

SusanMaciolek on

Remove me also from this mailing list. No longer using Bivio

Susan Maciolek

Sent from my iPad

On Feb 29, 2024, at 11:20 AM, David Karbulka via bivio.com <user*26468500001@bivio.com> wrote:

How go you removed from the general mailing list?

On Thu, Feb 29, 2024 at 11:14 AM ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:
Even though GBTC is trading as an ETF, the underlying trust is still the operating entity. The SEC documents filed by GBTC indicate that they intend to continue to operate as grantor trust.

Ira Smilovitz

On Thu, Feb 29, 2024 at 10:10 AM William S Eckels via bivio.com <user*37192200001@bivio.com> wrote:
I know there were issues with investing in GBTC when it was a unit trust due to the number of basis adjustments required and the fact that Bivio does not support it for tax preparation purposes. Is that still the case now that GBTC has converted to an ETF?

ETHE is still a unit trust, so I assume that would be an issue in Bivio and something to avoid. Is that correct?

Thanks,

Scott

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