River: retail investors still hold 79.6% of Bitcoin supply
- —Retail holds 79.6% of BTC versus 47.4% of gold
- —Individuals own 41.6% of equities and 11.8% of bonds
- —US spot Bitcoin ETFs have drawn $57.3B in net inflows since January 2024
- —Public companies' treasuries hold about 1.3M BTC, worth roughly $103.5B
Why it matters: Institutional ownership is expected to keep rising, concentrating supply in ETFs and corporate treasuries and raising questions about self-custody.
Source: Cryptoast