According to Cointelegraph, a new report from Binance states that since the launch of spot Bitcoin ETFs, the majority of demand has come from retail investors rather than institutional investors. Binance analysts stated that as of October 10th, non institutional investors accounted for nearly 80% of the total assets (AUM) managed by spot BTC ETFs. In addition, a significant portion of the $63.3 billion in managed assets accumulated by spot Bitcoin ETFs since their launch in January may not necessarily be new investments in the cryptocurrency sector. @seir