Bitcoin ETF Support from Major Financial Institutions Predicted to Surge by Year-End, Says Bitwise CIO Matt Hougan

COINOTAG News reports that key industry figure, Matt Hougan, Chief Investment Officer at Bitwise, affirmed on April 30th that four major financial entities—including Bank of America Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS Group—are poised to offer comprehensive support for a Bitcoin ETF by year’s end. Though current inflows for crypto ETFs have lagged compared to last year, with approximately $4 billion accumulated in 2023 versus $11.8 billion in 2022, Hougan remains optimistic about a potential record in net inflows for 2025. He emphasized a trend of increasing institutional investment, noting that nine of the world’s top ten hedge funds have entered the Bitcoin space. Notable institutions such as Emory University and Texas Teacher Retirement System, alongside major asset managers like BlackRock, are also driving the shift, indicating a burgeoning interest that could enhance Bitcoin’s market viability.