Bitcoin retail investor demand is not gone; they’re piling into the spot BTC ETFs
Onchain data shows that retail investors are not buying Bitcoin, but analysts say they’ve shifted into buying the spot ETFs.
Key takeaways:
Onchain metrics suggest retail investors are asleep, but the ETFs’ AUM is growing
Retail investors hold the majority of spot Bitcoin ETF shares—either directly or indirectly through investment advisers and hedge funds acting on their behalf.