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 '23).
• 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!

[edit: Just found out that my taxes will be very high when I sell now, that sucks. I'd rather lose money to a crash than paying them this much so they can waste it on failed airport projects. Will wait until August...]