The Chief Investment Officer of Bitwise expects four major financial institutions to support a Bitcoin ETF by the end of this year.

ChainThink reports: Matt Hougan, Chief Investment Officer at Bitwise, stated that four financial institutions (managing over $10 trillion in client assets), including Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS, are expected to fully support Bitcoin ETF products by the end of this year. Although fund inflows into Bitcoin ETFs this year have not been as strong as during the same period in 2024 (only about $4 billion so far, compared to $11.8 billion during the same period last year), Hougan still predicts that 2025 will set a new record for net fund inflows. He pointed out that institutional participation is improving across the board — nine of the world's top hedge funds already hold Bitcoin, including institutional investors such as Emory University and the Texas Teacher Retirement System, as well as large asset management companies like BlackRock, which have also entered the market, and these factors will drive more investors into the Bitcoin market.