Bitwise Predicts Record Q4 for U.S. Bitcoin Spot ETFs — Annual Inflows Poised to Surpass 2024 Total
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
Bitwise Asset Management told clients on October 8 that a U.S. Bitcoin spot ETF could draw record inflows in the fourth quarter, with the firm projecting the year’s total may exceed the aggregate flows recorded in 2024, per a client memo from Matt Hougan.
Year-to-date Bitcoin ETF inflows are reported at about $22.5 billion; Bitwise notes that, at the current run rate, inflows would approach $30 billion by year-end—below the roughly $36 billion seen in the inaugural issuance year but indicative of sustained institutional demand.
In his memo Hougan identified three catalysts for a strong Q4: clearance via wealth management channels, renewed BTC price appreciation, and adoption of the “currency debasement hedge” narrative as an allocator rationale for private client portfolios.