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.

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