Benzinga - Spot exchange-traded funds might have excited institutional investors of Bitcoin (CRYPTO: BTC), but the frenzy is yet to catch up on retail.
What happened: The King Coin's social activity dipped significantly since peaking on the ETF approval day in early January, according to LunarCrush.
Social activity is a widely used metric in crypto circles to gauge the sentiment among retail investors, a proxy for private individuals with small holdings.
Almost hard to believe but #Bitcoin social activity has trended downwards, ever since January 10th when the $BTC ETF approval happened.