Straight crypto vs crypto ETF from a J-tax perspective

Do I understand this correctly? If I sell actual crypto with a gain, I'm liable for that insane miscellaneous tax while if I sell a crypto ETF (like IBIT or HODL) with a gain, I get taxed on that at the normal capital gains rate?

I'm not a US tax payer, btw, I just have an account with a US broker.

by otto_delmar

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