CryptoQuant CEO: Institutional demand in custodial wallets is twice that of retail investors, with 670,000 BTC flowing in over the past year

Odaily News CryptoQuant CEO Ki Young Ju posted on X that institutional demand for Bitcoin in custodial wallets is rising. In the past year, 278,000 BTC flowed into US spot ETFs (80% of which were retail investors), while 670,000 BTC flowed into whale wallets (holding more than 1,000 BTC, excluding exchanges/mining pools). In custodial wallets, institutional demand is twice that of retail demand. Ju added that these whale wallets are a superset of custodial wallets. Since most ETF wallets hold less than 1,000 BTC, in his opinion, they accurately represent custodial wallets.