A Bitcoin analyst says he has moved his self-custodied Bitcoin into spot Bitcoin ETFs to give himself “peace of mind” by not having to deal with the hassle of having his own private keys.
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 (BTC) into spot Bitcoin ETFs so he can manage his holdings more like equities and bonds — without the complexities of self-custody.
“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.
Read more
