Plan B, a Bitcoin analyst with a booming community, has received a lot of backlash recently. In an X post, he announced transferring Bitcoin to ETFs. He said it was easier for him to manage Bitcoin the same way as Equities and Bonds.
Plan B is known for his stock-to-flow (S2F) price prediction model. According to him, he acknowledges that Bitcoin ETFs were a logical step in Bitcoin adoption.
He prepared for the backlash, saying, “Not your keys, not your coins.” He also stated that he didn’t know ETFs were so controversial.
His community reacted with mixed emotions. One user asked if he was planning to change his username to PlanETF now that he had made the switch.
Another user said he was trading sovereignty for convenience, which Bitcoin stands for. His community was still abuzz with varying reactions, and then Plan B asked if buying MicroStrategy would’ve been a better choice.
Bitcoin ETFs and Their Measurable Progress
Bitcoin ETFs remain a phenomenon as institutional and retail investors increasingly embrace these regulated investment vehicles.
The iShares Bitcoin Trust (IBIT), managed by BlackRock, is the most popular ETF, with its assets under management (AUM) surpassing $56 billion.
Recently, the State of Wisconsin Investment Board (SWIB) more than doubled its stake in IBIT, now holding over 6 million shares valued at approximately $340 million.
Meanwhile, Grayscale’s Bitcoin Mini Trust ETF has gained traction because of its low expense ratio of 0.15%, making it an affordable option for investors. This ETF spun off Grayscale’s larger Bitcoin Trust and offers a cost-effective alternative while maintaining strong liquidity.
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