How are ETFs and ETNs taxed?

Column headers with buttons are sortable.
Type of ETF or ETN	Tax treatment on gains
Equity or bond ETF	Long-term: up to 20% Short-term: up to 37%
Precious metal ETF	Long-term: up to 28% Short-term: up to 37%
Futures-based ETF (limited partnership)	Up to 26.8%, regardless of holding period (Note: This is a blended rate that is 60% long-term rate and 40% short-term rate)
Commodity ETF (open-end fund)	Long-term: up to 20% Short-term: up to 37%
Currency ETF (open-end fund)	Long-term: up to 20% Short-term: up to 37%
Currency ETF (grantor trust)	Ordinary income (up to 37%), regardless of holding period
Currency ETF (limited partnership)	Up to 26.830.6% maximum, regardless of holding period (Note: This is a blended rate that is 60% maximum long-term rate and 40% maximum short-term rate)
Cryptocurrency ETP (grantor trust)	Long-term: up to 20% Short-term: up to 37%
Equity or bond ETN	Long-term: up to 20% Short-term: up to 37%
Commodity ETN	Long-term: up to 20% Short-term: up to 37%

Disclosure Title

Source:

Disclosure

irs.gov.

Tax rates do not include state taxes. High earners may also be subject to an additional 3.8% Net Investment Income Tax (NIIT) that is applied to investment income if your overall modified adjusted gross income (MAGI) is above $200,000 for single filers or head of household, $125,000 for married filing separately, and $250,000 for married filing jointly or a qualifying widow(er) with a dependent child. This table is for educational purposes and general informational purposes only and is not intended to be a substitute for specific tax advice or an interpretation of tax laws. Where specific advice is necessary or appropriate, you should consult with a qualified tax advisor and refer to the IRS website at irs.gov to determine the tax consequences of an investment.