On October 29, CEO of CryptoQuant Ki Young Ju reported a significant increase in institutional demand for Bitcoin. Notably, the volume of BTC transferred to 'whale' wallets—wallets holding large amounts of cryptocurrency—has surged, including transactions outside of exchanges and mining pools. Over the past year, approximately 278,000 BTC has been allocated to U.S. spot ETFs, with about 80% of these inflows attributed to individual investors.
The demand from organizations far exceeds that of individual investors by double
Ki Young Ju emphasizes that institutional investors are increasingly focused on security, opting for secure storage solutions. Currently, whale wallets hold over 670,000 BTC, largely consisting of these high-security institutional accounts. In contrast, wallets of individual investors holding over 1,000 BTC often lack these specialized storage solutions.
The difference between ETF wallets and Whale wallets
According to Ju, most ETF wallets hold under 1,000 BTC, while the majority of large wallets are managed by institutional investors. This trend underscores the priority for secure storage solutions among institutions, signaling future growth for both spot Bitcoin ETFs and secure storage services.
With institutional investors increasingly prioritizing security-focused solutions, there is a growing expectation for institutional interest in spot Bitcoin ETFs and secure wallet options. The price of Bitcoin has risen 3.90% in the past 24 hours, fluctuating around $71,000. Meanwhile, trading volume has surged, with CoinMarketCap data showing a 145.55% increase to $47.48 billion during the same period. Over the past seven days, the price of Bitcoin has increased by more than 5%, according to recent figures.
