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PlanB Moves Bitcoin Holdings To ETFs

PlanB announced on Saturday that he transferred all his spot Bitcoin (BTC/USD) holdings to ETFs for easier management and peace of mind.

Haider Jamal
February 17, 2025

No Longer A Maxi

Known for creating the Stock-to-Flow price model, PlanB was attracted by the simplicity of handling Bitcoin like traditional assets, without dealing with private keys. “I guess I’m not a maxi anymore,” he remarked, shifting away from the “not your keys, not your coins” philosophy.

In a tweet, PlanB stated that this decision doesn’t trigger a tax event in the Netherlands due to the absence of a capital gains tax on unrealized profits. Bitcoin critic Peter Schiff responded, calling Bitcoin a “digital pyramid scheme” that has failed its intended purpose.

ETFs Soar

Spot Bitcoin ETFs, launched in January 2024, have attracted institutional interest, now holding nearly 6% of Bitcoin’s total market cap, according to SoSo Value. The iShares Bitcoin Trust ETF (IBIT) is the largest cryptocurrency fund, with assets exceeding $57 billion.

ETFs have simplified crypto ownership but challenge Bitcoin’s cypherpunk principles by transferring control to traditional financial institutions.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.