PlanB Converts Its Bitcoin Into ETF, Why?

Bitcoin analyst PlanB revealed that he has transferred his BTC holdings into an ETF , claiming that it is a more convenient and less stressful option than managing private keys.

He compared holding Bitcoin through ETFs to traditional asset management such as stocks and bonds. PlanB was also surprised by the ETF controversy, asserting that it is a logical step in the adoption of Bitcoin.

ETFs and Bitcoin Adoption: A New Era
For PlanB , the shift from holding physical Bitcoin to using an ETF represents a practical evolution in how people can interact with Bitcoin as it becomes more mainstream. He believes ETFs offer a less complicated alternative while still allowing access to Bitcoin’s potential value.

As Bitcoin continues to gain popularity, he sees ETFs as part of its broader adoption—providing an easier, more manageable way for investors to get involved in the asset without having to deal with the complexities of storing private keys.

Tax implications and considerations
PlanB explains that the Dutch tax system does not tax realized capital gains, but instead applies a wealth tax at a hypothetical rate of 6% on net assets, which equates to about a 2% annual tax.

This allows him to transfer Bitcoin into an ETF without worrying about capital gains taxes, as long as he doesn't sell the asset in a taxable event.