Retail investors, not institutions, have been responsible for most of the demand for spot bitcoin ETFs since their launch, says a new report from Binance.
Retail investors are responsible for most of the demand for spot Bitcoin exchange-traded funds, according to new research from crypto exchange Binance.
In an Oct. 25 research report on crypto ETFs, Binance analysts shared that non-institutional investors accounted for nearly 80% of the total assets under management (AUM) in spot BTC ETFs as of Oct. 10.
Retail investors account for nearly 80% of the total spot Bitcoin ETF AUM. Source: Binance
