Matt Hougan, Chief Investment Officer of Bitwise Asset Management, predicts that the largest U.S. banks may offer Bitcoin ETFs by the end of 2025, potentially driving significant investments into cryptocurrency.
Potential of Bitcoin ETFs in the U.S.
Hougan forecasts that the 'Big Four' U.S. banks, managing over $10 trillion, could soon provide access to spot Bitcoin ETFs. This shift could accelerate institutional adoption of cryptocurrency.
Expected Market Impact of Bitcoin ETFs
New inflows into Bitcoin ETFs are expected to exceed the record $35 billion achieved in 2024, potentially reaching $50 billion by the end of 2025. This change will impact key assets, including spot Bitcoin ETFs and funds like BITO and FBTC.
Analysis and Outlook of Institutional Investments
Hougan notes that the anticipated introduction of Bitcoin ETFs could shift the focus from retail to institutional investors. Robert Mitchnick of BlackRock has already indicated a significant trend toward institutional engagement in the cryptocurrency market.
The anticipated rollout of Bitcoin ETFs by major banks could significantly reshape the cryptocurrency market, enhancing interest from institutional investors and changing investment dynamics.
