Binance's latest report: 80% of Bitcoin ETF demand comes from retail investors

ChainCatcher news, according to a report by Cointelegraph, a new report from Binance states that since the launch of the spot Bitcoin ETF, most of the demand has come from retail investors rather than institutional investors. Binance analysts indicated that as of October 10, non-institutional investors accounted for nearly 80% of the total assets under management (AUM) of the spot BTC ETF.

Additionally, since its launch in January, a significant portion of the $63.3 billion in managed assets accumulated by the spot Bitcoin ETF may not necessarily be new investments in the cryptocurrency space.