Bitwise CIO: Morgan Stanley and three other major financial institutions are expected to support Bitcoin ETFs by the end of this year

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated that four major financial institutions—Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS Group (managing over $10 trillion in client assets)—are expected to fully support Bitcoin ETF products by the end of this year.

Although the inflow of funds into Bitcoin ETFs has not been as strong this year compared to the same period in 2024 (attracting only about $4 billion so far, compared to $11.8 billion last year), Hougan still predicts that 2025 will set a new record for net fund inflows.

He pointed out that institutional participation is on the rise—nine out of the top ten hedge funds globally already hold Bitcoin, including institutional investors like Emory University and the Texas Teacher Retirement System, as well as large asset management companies like BlackRock entering the market. These factors will drive more investors into the Bitcoin market.