Bitcoin analyst PlanB moves all its BTC into spot ETFs
One of the main reasons for the decision was a security issue with private key management
17.02.2025 - 10:40
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What’s new? Bitcoin analyst PlanB announced that he has moved his entire BTC portfolio from self-storage to Bitcoin exchange-traded funds (ETFs). In a February 15 post on his X account, he explained that the move allows him to manage his assets in the same way as traditional financial assets such as stocks and bonds.
The analyst also noted that he is “not a maxi anymore,” referring to holders who favor holding BTC completely on their own. He stated that ETFs offer a convenient alternative that reduces the complexities and risks associated with holding private wallet keys.
What else is known? One of the main reasons for PlanB’s decision was the security issue of private key management. While bitcoin proponents emphasize the importance of users retaining full control over their assets, self-storage entails significant liability, including protecting private keys from theft, hacking, or accidental loss.
According to the blockchain security company Cyvers, cryptocurrency-related hacks rose sharply in 2024, with more than $2.=,3 billion stolen in 165 incidents — a 40% increase from 2023. Such risks have prompted some investors to look for safer, more regulated alternatives such as bitcoin ETFs.
PlanB’s decision drew mixed reactions from its 2 million subscribers. Some supported its pragmatic approach, while others questioned the move, arguing that ETFs contradict the core principle of bitcoin ownership — decentralization and self-sovereignty.
What is the situation with ETFs? Spot bitcoin ETFs continue to be in high demand. Bitwise chief investment officer Matt Hougan predicted that US spot bitcoin ETFs could raise more than $50 billion in 2025. He noted:
“So far, so good: Spot Bitcoin ETFs pulled in $4.94 billion in January, which annualizes to ~$59 billion.”
His forecast echoes that of Bitwise’s research head, Ryan Rasmussen, who previously predicted that ETF inflows in 2025 would surpass those in 2024.
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