Institutional demand for Bitcoin through custodial wallets has shown remarkable growth, according to CryptoQuant’s founder, Ki Young Ju.
The analysis reveals that institutional investors are accumulating Bitcoin at twice the rate of retail investors.
#Bitcoin institutional demand in custodial wallets is rising.
Over the past year, 278K BTC flowed into U.S. spot ETFs (80% retail) vs. 670K BTC into whale wallets (1K+ BTC, excluding exchanges/mining pools).
In custodial wallets, institutional demand is twice that of retail. pic.twitter.com/OsxS7x3kEL
— Ki Young Ju (@ki_young_ju) October 29, 2024
Whale Wallets Accumulated 670,000 Bitcoin
Over the past year, whale wallets holding more than 1,000 BTC have accumulated approximately 670,000 BTC. This data is excluding exchanges and mining pools.
This figure outpaces the 278,000 BTC that has flowed into U.S. spot ETFs, which primarily represent retail investors (estimated at 80% of ETF holders).
The disparity highlights the g
We współpracy z: https://www.thecoinrepublic.com/2024/10/29/bitcoin-institutional-demand-in-custodial-wallets-rising-cryptoquant/
