The post Bitcoin analyst moves BTC holdings to ETF, sparks community reaction appeared on BitcoinEthereumNews.com.

Bitcoin analyst PlanB has revealed a new move related to his Bitcoin holdings, a move that has sparked wide reactions from the Bitcoin community. He mentioned in a post on X that he has moved his Bitcoin into spot Bitcoin exchange-traded funds (ETFs). According to his post, the Bitcoin analyst mentioned that the aim of the move is to manage Bitcoin more traditionally, the same way stocks and bonds are managed. PlanB mentioned that he wanted to eliminate the hassles and complexities of having to hold his wallet keys. “I guess I am not a maxi anymore,” the Bitcoin analyst said on X (formerly known as Twitter). The Bitcoin community did not find the post amusing, as they showed their displeasure. Most of them were worried about his statement about the keys, as they felt that the best way to keep their BTC safe was to be in charge of their keys. Bitcoin analyst moves BTC stash into ETFs According to his post, the Bitcoin analyst mentioned that not worrying over his wallet keys gives him peace of mind, a move that the Bitcoin community has frowned at. While Bitcoin holders, especially Maxis like PlanB have been in charge of their wallet keys, it has also given them the daunting task of having to keep the keys safe from hackers, thieves, and bad actors. ⚠️ Disclosure ⚠️ I have transferred my bitcoin to ETFs. Yes I know, not your keys not your coins. But it is just easier for me to manage bitcoin the same way as equities and bonds. Also, not having to hassle with keys gives me peace of mind. I guess I am not a maxi anymore. — PlanB (@100trillionUSD) February 15, 2025 Private keys are like passwords to access one’s wallet, allowing the holder to be…

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Filed under: News - @ February 16, 2025 9:21 am