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CryptoQuant CEO: Institutional demand in hosted wallets is twice that of retail investors, with 670,000 BTC flowing in over the past year.
Odaily Planet Daily News: CryptoQuant CEO Ki Young Ju said in a post on X that there is a rise in institutional demand for BTC in hosted Wallets. In the past year, 278,000 BTC flowed into the US Spot ETF (80% from retail investors), while 670,000 BTC flowed into WhaleWallet (holding over 1000 BTC, excluding exchange/Mining Pool). In the hosted Wallet, institutional demand is twice that of retail investor demand. Ju added that these WhaleWallets are a superset of hosted wallets. Since most ETF wallets hold less than 1000 BTC, he believes they accurately represent hosted wallets.