Bitcoin Analyst PlanB Moves Entire BTC Holdings to Spot ETFs for ‘Peace of Mind’

Prominent Bitcoin analyst PlanB has revealed that he has transferred his entire BTC portfolio from self-custody to spot Bitcoin exchange-traded funds (ETFs).

In a Feb. 15 post on X, PlanB explained that the move allows him to manage his Bitcoin holdings like traditional financial assets such as stocks and bonds.

“I guess I am not a maxi anymore,” he said, referring to Bitcoin maximalists who advocate for full self-custody.

Avoiding Self-Custody Risks

PlanB cited security concerns as a key reason for his decision, emphasizing the risks of managing private keys, including theft, hacking, and accidental loss.

💰 Crypto-related hacks surged in 2024, with over $2.3 billion stolen across 165 incidents, according to on-chain security firm Cyvers.

While some Bitcoin supporters criticized ETFs for undermining decentralization, PlanB defended his choice, stating that ETFs are a logical step in Bitcoin adoption.

Tax Considerations & Market Outlook

PlanB also clarified that under Dutch tax laws, selling Bitcoin does not trigger capital gains tax, but residents pay an annual wealth tax of approximately 2%.

Meanwhile, demand for spot Bitcoin ETFs remains strong. Bitwise’s investment chief Matt Hougan predicts that U.S. Bitcoin ETFs could see $50 billion in inflows in 2025, after attracting nearly $5 billion in January alone.

As of now, Bitcoin trades at around $97,500, with analysts watching for a potential breakout above $100,000.