[Grayscale: Spot Bitcoin ETFs in cash mode will not have a negative tax impact on investors] Golden Finance reported that Grayscale issued an article explaining the potential tax issues for investors in spot Bitcoin ETFs, unlike mutual funds and many other ETFs. Unlike, for tax purposes, nearly all physical commodity ETFs (e.g., gold) are structured as grantor trusts. The taxes on a grantor trust are different from the taxes on a mutual fund. A mutual fund's capital gains or losses may affect the balance of money remaining in the fund. shareholders. This means that any spot Bitcoin ETF that qualifies as a grantor trust will not be at a tax disadvantage with respect to cash redemptions based on the book value of the ETF assets compared to other models of spot Bitcoin ETFs.