Spot trading in bitcoin ETFs allows investors to manage their assets like stocks or bonds
analysts say not having a key to the wallet gives a sense of security.
Not having to fumble with keys provides peace of mind. #Bitcoin gurus argue that users should always be in control of their private keys rather than storing bitcoins on centralized exchanges, but storing the keys itself entails the responsibility of keeping them safe from hackers, thieves and other intruders.
In 2024, cryptohackers will steal $2.3 billion worth of assets in 165 incidents, a 40 percent increase from 2023, according to #blockchain security company Cyvers.
Lucas Keeley, chief investment officer at Yield App. told Cointelegraph in February 2024 that in terms of returns, spot bitcoin ETFs, futures ETFs and direct bitcoin investments are essentially the same, with the only difference being the management fees associated with the ETFs.
PlanB has gained two million subscribers since its announcement and received mixed reactions. He admitted that he didn't realize bitcoin ETFs were causing so much controversy.
In my opinion, ETFs are a logical step in the proliferation of bitcoin, following having its own key. If I had bought a (micro)strategy instead of an #ETF , would things be different or would it be just as evil? he said in an #interview Some users wondered whether the transfer would be taxed.
: According to PlanB, the sale will not be taxed because his residence is the Netherlands, where there is no capital gains tax on realized gains.
the contrary, unrealized Unrealized capital gains are taxed. The government assumes you make a ~6% gain on your entire net worth (as of January 1) and pay a tax of ~30%. That means you pay ~2% tax on your entire net worth each year, he said.
Matt Hougan, head of investment firm Bitwise, believes U. S. spot bitcoin ETFs could see inflows of more than $ 50 billion this year.
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