NEW: Crypto Custodial Assets Skyrocket 250% Amid Bitcoin ETF Excitement

A recent report from Bitget, custodial assets have surged by an impressive 250% over the past four months, primarily driven by the fervor surrounding the spot Bitcoin exchange-traded fund (ETF). This growth is attributed to the broader positive performance of the crypto market and escalating anticipation of a bull run among users. Additionally, the integration of cryptocurrencies into daily activities and geopolitical tensions fuel the sector’s expansion.

Amid this growth, investor behavior is shifting towards short-term custodial wallet usage. Approximately 77% of wallet holders are now favoring short-term storage solutions, with only 43% redepositing funds into their accounts. This trend suggests a desire among investors to capitalize on profitable trading opportunities, especially considering the resurgence of short-term wallets since November. The data implies a significant transition towards shorter retention periods, potentially driven by the market’s positive performance and investors’ eagerness for profit maximization.

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