Billionaires are selling Bitcoin ETFs to gain ‘incredible’ tax benefits, claims analyst

November 11, 2025

Bitcoin (BTC) whales are selling their holdings to buy them back in the form of exchange-traded funds (ETFs) that offer “incredible” tax benefits, according to Martin Hiesboeck, the head of research at cloud-based financial service platform Uphold. On Nov. 9, Hiesboeck wrote a post on X …