Long-term Bitcoin holders are increasingly converting their BTC holdings into spot Bitcoin ETFs, seeking tax advantages and diversification into blockchain projects with higher returns. On-chain data reveals significant transactions, such as Owen Gunden's recent transfer of 3,549 BTC to exchanges. Analysts, including Dr. Martin Hiesboeck from Uphold, highlight this trend as indicative of Bitcoin's maturation into a stable asset class. The compound annual growth rate (CAGR) of Bitcoin has declined to 13% as of November 10, 2025, reflecting reduced volatility. Institutional adoption and ETF inflows are key factors enhancing Bitcoin's role as a hedge against fiat currency instability.