TechFlow reports, Arthur, founder of Defiance Capital, pointed out that over 70% of spot Bitcoin ETFs are held by retail investors.
He believes that for most retail investors, the first cryptocurrency they purchased was Ethereum, and many people like XRP due to its fintech narrative.
A large wave of participants entered the crypto market in 2017 also because of Ethereum. He thinks retail investors will be excited about Ethereum as it represents the decentralized technological layer underpinning the Web 3.0 economy.




