SMSFS AND HOLDING DIGITAL ASSETS
According to the ATO’s March 2022 statistical data (see here), the total value of crypto assets held by SMSFs was $220 million. That is less than 0.03% of all SMSF investments. The number of SMSFs that held crypto assets was 3,345 SMSFs being 0.6% of SMSFs. Newly established SMSFs were more likely to hold crypto – 4% of such SMSFs held crypto assets.
These figures take into account 2021 and prior years. The number of SMSFs holding digital assets and the number of digital assets held, have no doubt increased in the last couple of years.
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