Bitcoin in an SMSF
SMSFs can also hold crypto if the deed and investment strategy allow it, with a separate wallet in clear fund ownership, and the ASX has listed a spot bitcoin ETF since June 2024.
Facts checked 26 October 2026 · Not financial, legal or tax advice
Self-managed super fund (SMSF)
What is allowed: The ATO says SMSFs can invest in crypto assets if the trust deed allows it and it fits the investment strategy. The fund must have clear ownership, a crypto wallet separate from any personal wallet, full records, and must value crypto at market value in Australian dollars. Crypto is not a listed security, so it cannot be bought from a related party or contributed in specie by members. The ASX admitted its first spot bitcoin ETF (VanEck Bitcoin ETF, VBTC) on 20 June 2024; listed securities can be bought from related parties at market value.
Tax: A complying SMSF pays tax at a concessional 15% and gets a one-third capital gains discount on assets held at least 12 months. Investment income from assets that support a retirement phase income stream can be exempt. Non-arm's length income and non-complying funds are taxed at 45%. The ATO treats crypto as a CGT asset, not money.
Watch out for:
- An SMSF cannot buy bullion or crypto from a member or related party, because they are not listed securities.
- In-house assets above 5% of total fund assets at year end require a written plan to reduce them.
FAQ
Can my SMSF buy bitcoin?
Yes, if the trust deed allows it and it fits the investment strategy. The ATO requires clear fund ownership, a separate wallet, records and market valuation.
Can I transfer my own bitcoin or gold into my SMSF?
Crypto cannot be acquired from a related party or contributed in specie, because it is not a listed security. The same related-party rule covers other assets that are not listed securities.
Sources (6)
- ATO: SMSF investing in crypto assets (updated 28 Jun 2022)
- ATO: In-house assets and acquiring assets from related parties (updated 16 Sep 2025)
- ASX media release: ASX admits first Bitcoin ETF
- ATO: SMSF tax on income (updated 2 Apr 2025)
- ATO: Collectables and personal use assets (SMSF restrictions on investments)
- ATO: Restrictions on SMSF investments (QC 23321, updated 16 Sep 2025)
General information from official sources, checked October 2026. Rules for retirement accounts are complex and change; check with your plan provider, a tax adviser or the tax authority before you invest. Not financial, legal or tax advice.