Pt. 1 Why transfer BTC into an ETF with Teddy Fusaro and Cliff Cornell

Large Bitcoin holders are wrapping self-custodied BTC into ETFs for security, estate, tax, and lending benefits — reversibly, without fully abandoning self-custody.

• Nine reasons to convert: Bitwise's Teddy Fusaro lists nine drivers for moving self-custodied BTC into an ETF: security/custody risk, advisor platform integration, estate planning, tax efficiency, charitable giving, lower ongoing costs, portfolio/rebalancing fit, and access to mature options markets for hedging or covered-call income.
• Real client case: Advisor Cliff Cornell describes a client with a multimillion-dollar, near-zero-basis Bitcoin position who used in-kind creation mainly to solve gifting and monetization problems.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.