The Chief Investment Officer of Bitwise expects four major Financial Institutions to support Bitcoin ETF by the end of this year.

According to Deep Tide TechFlow news on April 30, as reported by The Block, Bitwise Chief Investment Officer Matt Hougan stated that the four major 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 the capital inflow into Bitcoin ETFs at the beginning of this year has not been as strong as in the same period of 2024 (with only about $4 billion attracted so far, compared to $11.8 billion in the same period last year), Hougan still predicts that 2025 will set a new record for net capital inflows. He pointed out that institutional participation is comprehensively increasing – nine of the world's top ten 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 that have also entered the market. These factors will drive more investors into the Bitcoin market.