Deutsche Bank analyst: Most of the funds for spot Bitcoin ETFs come from retail investors
Deutsche Bank's survey of 2,000 retail investors found that only about 15% of them believe that Bitcoin will rise to between $40,000 and $75,000 this year. People who are skeptical of cryptocurrencies have not changed their attitudes because they can invest in Bitcoin through exchange-traded funds (ETFs). FactSet data shows that since the Bitcoin spot ETF was launched on January 11, Bitcoin has fallen by about 20% to around $39,000. In addition, more than half of the participants said they believed that "major cryptocurrencies" would completely collapse in the next two years. Deutsche Bank said that 39% of survey participants believed that Bitcoin would continue to exist in the coming years, while 42% expected it to disappear. Deutsche Bank analyst Marion Laboure, based in London, said in a report that so far, institutions have been slow to incorporate this new fund into their portfolios, and retail investors are not entirely convinced that they need to do so. The report also stated that most of the ETF's funds come from retail investors.
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