TechFlow news, October 29 — CryptoQuant CEO Ki Young Ju stated that institutional demand for Bitcoin custody wallets is rising. Over the past year, U.S. spot ETFs saw a net inflow of 278,000 BTC (approximately 80% from retail investors), while large wallets (holding more than 1,000 BTC, excluding exchanges and mining pools) recorded a net inflow of 670,000 BTC, indicating that institutions are allocating Bitcoin through custody services at a scale 2.4 times larger than through ETF channels.
Ki Young Ju added that these whale wallets represent a superset of custody wallets. Since most ETF wallets hold less than 1,000 BTC, this data provides a reasonable reflection of actual custody wallet trends. He also noted that more granular data is needed to gain deeper market insights.
