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You Can Buy Bitcoin At A Discount, If You Trust The SEC To Be RationalThe tax information in the Prospectus and this SAI is provided as general information. You should consult your own tax professional about the tax. Enter the information for the GBTC - Grayscale Bitcoin Trust transaction from your into the fields below. If you have multiple of these transactions, you'. As a result, the Trust itself is not subject to U.S. federal income tax. Instead, the Trust's income and expenses �flow through� to the Shareholders. TAXATION.