Wells Fargo, Morgan Stanley, Merrill Lynch and UBS Will Open Bitcoin ETF Services by End of Year: Bitwise CIO Matt Hougan
The chief investment official of the Crypto Asset Management Firm Bitwise says the major banking institutions will launch the Bitcoin (BTC) exchange-traded fund (ETF) service by the end of 2025.
On a new note to investors, Bitwise Cio Matt Hougan Says The four largest wirehouses in the world – Merrill Lynch, Morgan Stanley, Wells Fargo and UBS – who together hold more than $ 10 trillion in possessions, will strive to give their clients access to the King of Crypto through the ETFs.
“I hope all four wirehouses are open for business with Bitcoin ETFs by the end of the year. This is one of the reasons I still expect Bitcoin ETFs to set a new note for net inflows this year, despite pulling 'Just' $ 3.7 billion up to 2025, compared to $ 35 billion in 2024.”
Hougan also predicts that more institutional -focused investors will open up to Bitcoin as more milestones are injured. The investor noted that the previously unimaginable development continues for the flagship of the crypto asset, such as the institutional care, government adoption, and easy access through ETFs.
“If you come back even a few years, what we thought was the US-like government that owns Bitcoin or the world's largest asset manager who embraces the property-they are very far away. But here we are …
I think many people will come to the same conclusion this year. “
Bitcoin traded $ 93,869 at the time of writing, a decrease of 1.1% in the last 24 hours.
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