Defiance Capital Founder: Over 70% of Bitcoin Spot ETFs are Held by Retail Investors

ChainCatcher news, Defiance Capital founder Arthur pointed out on social media that over 70% of Bitcoin spot ETFs are held by retail investors.

He believes that the majority of retail investors first purchased Ethereum as their cryptocurrency, and many are attracted to XRP because of its fintech narrative.

It is reported that a large number of people joined the cryptocurrency market in 2017 also because of Ethereum. He thinks retail investors will be excited about Ethereum because it is the decentralized technology layer that supports the Web 3.0 economy.