According to BlockBeats, Bitwise Chief Investment Officer Matt Hougan has announced that Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS Group, which collectively manage over $10 trillion in client assets, are anticipated to fully support Bitcoin ETF products by the end of this year.
Despite a slower start for Bitcoin ETFs this year, with inflows reaching only about $4 billion compared to $11.8 billion during the same period in 2024, Hougan remains optimistic about setting a new record for net inflows in 2025.
Hougan highlighted the increasing institutional involvement in the Bitcoin market, noting that nine out of the world's top ten hedge funds now hold Bitcoin. Institutional investors such as Emory University, the Texas Teachers Retirement System, and major asset management firms like BlackRock have also entered the market, which is expected to drive more investors towards Bitcoin.
