Trust Issues – Take Profits or Not? Thoughts on Bitcoin ETFs and this Bull Run

Hello everyone,

First of all: I know we can’t see the future, I just want to get your opinion on the ETFs and the current sentiment.

The longer this bull run lasts, the more I think about selling at least 50%. In mid 2023 I bought BTC and ETH and it has become quite some money (money I don’t need for expenses right now).

The information on the ETFs is long priced in – and the ETFs have been showing net outflows for weeks (sauce):

[ date – IBIT – FBTC – BITB – ARKB – BTCO – EZBC – BRRR – HODL- BTCW – GBTC – Total ]

outflows in red

BlackRock reported 0 inflows for several days and finally an outflow on May 1st. Grayscale had the largest outflows – but the other funds were not able to compensate.

In my opinion, the ETF narrative could become a downer. A realistic outcome would be net-zero or at least irrelevant buying pressure. The worst case would be outflows and eventually BlackRock exiting the market and liquidating the ETF – a black swan event that could end this bull run and send us back to known price levels.

Let me know what you think. My options:

Sell my initial investment + taxes. Sell everything and pay taxes. Wait until August and sell my initial investment with zero taxes (Germany ftw). Sell everything over a longer period of time to avoid taxes (not all of my BTC were bought on August 23rd). HODL like most people here and create another post next year saying “In the next bull run, I will take profits!”

Have a nice and green saturday, folks!