Bitcoin ETFs Are Making Tax Time More Difficult. How to Navigate the Confusion.

The advent of Bitcoin exchange-traded funds has deepened the confusion about the proper reporting of digital assets at tax time. The uncertainty comes as Bitcoin has been on a tear, leaving some investors with capital gains and others with FOMO, or fear of missing out. Many financial professionals view cryptocurrency as a speculative asset rather than an investment, and approach it with caution for retirement savers.