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Bitcoin Analyst PlanB Converts Holdings to ETFs, Sparking Debate

PlanB's move to Bitcoin ETFs raises questions about decentralization and tax implications. It's a sign of evolving strategies in the crypto landscape.

This image consists of a coin. On this coin, I can see some text.
This image consists of a coin. On this coin, I can see some text.

Bitcoin Analyst PlanB Converts Holdings to ETFs, Sparking Debate

Bitcoin analyst PlanB has sparked debate among crypto enthusiasts after converting his self-custodied Bitcoin holdings into Bitcoin ETFs in September 2025. The move, aimed at managing his digital assets like traditional investments, has drawn praise and criticism alike.

PlanB, known for his stock-to-flow Bitcoin price model, announced the shift on his social media channels. By investing in spot Bitcoin ETFs, he gains the convenience of professional management, sparing him the hassle of handling private keys and providing greater peace of mind.

The decision, however, has raised questions about its implications. Some followers praise PlanB's strategy, seeing it as a practical way to manage his assets. Others, though, criticize it for diverging from Bitcoin's foundational ideals of decentralization and self-custody.

PlanB's move might also have tax implications. While he clarified that selling Bitcoin in the Netherlands does not incur capital gains tax, but rather an annual wealth tax, the conversion could trigger a taxable event in other jurisdictions, depending on local tax laws.

PlanB's shift to Bitcoin ETFs has ignited a discussion about the balance between direct control and professional management of digital assets. As the crypto landscape evolves, so do the strategies employed by prominent figures like PlanB, shaping the conversation around Bitcoin's future and its role in investment portfolios.

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