Decline in active Bitcoin addresses since 2024 ETF launches indicates institutional shift
Crypto Briefing
Active Bitcoin addresses have declined since 2024 ETF launches, suggesting a shift to institutional investment via ETFs.Summary
Active Bitcoin addresses have decreased since the launch of spot Bitcoin ETFs in early 2024, indicating a significant shift toward institutional investment rather than direct retail participation in the crypto market. Bitcoin ETFs allow institutional investors to gain exposure to Bitcoin's price through traditional stock exchanges without directly holding or transacting the asset on the blockchain. This trend shows that while institutional adoption through ETF structures is driving price appreciation to new highs, direct onchain engagement from retail investors is softening.
(Source：Crypto Briefing)