TechFlow, April 30 — According to The Block, Bitwise Chief Investment Officer Matt Hougan said that four major financial institutions—Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS Group (collectively managing over $10 trillion in client assets)—are expected to fully support Bitcoin ETF products by the end of this year. Although Bitcoin ETF inflows so far this year have lagged behind those of early 2024 (attracting around $4 billion to date, compared to $11.8 billion during the same period last year), Hougan still predicts 2025 will set a new record for net inflows. He noted that institutional participation is rising across the board—nine out of the world's top ten hedge funds now hold Bitcoin, while institutional investors such as Emory University and the Texas Teachers Retirement System, along with major asset managers like BlackRock, have also entered the market, factors that will drive further investor adoption.
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