Bitcoin analyst PlanB revealed that he has moved all his Bitcoin from self-custody into spot Bitcoin exchange-traded funds (ETFs), in an effort to manage his Bitcoin in the same way as traditional assets.
“I guess I am not a maxi anymore,” PlanB said in a Feb. 15 X post, explaining that he moved his Bitcoin BTCUSD into spot Bitcoin ETFs so he can manage his holdings more like equities and bonds — without the complexities of self-custody.
Analyst says no wallet keys provides “peace of mind”
“Not having to hassle with keys gives me peace of mind,” he said. While Bitcoin maxis insist users should always control their own private keys instead of holding their Bitcoin on centralized exchanges, self-custody comes with the responsibility of keeping those keys safe from hackers, thieves, and other bad actors.
In 2024, crypto hackers stole over $2.3 billion worth of assets across 165 incidents, marking a 40% increase compared to…
