Merrill Lynch, Morgan Stanley, Wells Fargo, UBS projected dealing with Bitcoin ETF
Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS Hougan are projected to be "open for business on Bitcoin ETFs by the end of the year."
Quick overview
- Bitwise CIO Matt Hougan predicts increased demand for Bitcoin ETFs by 2025, with major firms like Merrill Lynch and Morgan Stanley expected to offer them by year-end.
- Currently, the big four wirehouses manage over $10 trillion in assets but do not provide exposure to US spot Bitcoin ETFs, a trend Hougan believes may change soon.
- Hougan forecasts that Bitcoin ETF inflows will exceed $35 billion by the end of 2025, surpassing the previous record set in 2024.
- BlackRock's Robert Mitchnick highlights a shift in investor engagement, noting that institutional clients now hold a larger share of Bitcoin ETF investments compared to retail investors.
Bitwise CIO Matt Hougan anticipates more demand for Bitcoin ETFs in 2025. Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS Hougan are projected to be “open for business on Bitcoin ETFs by the end of the year.”
Broker-dealer companies known as wirehouses provide financial services to their clients. According to Hougan, the big four do not provide exposure to US spot Bitcoin ETFs while managing over $10 trillion in client assets. He pointed out that this trend might alter in the upcoming months
Hougan also forecast that by the end of 2025, Bitcoin ETF inflows will surpass the $35 billion mark set in 2024, setting a new record.
“I still expect Bitcoin ETFs to set a new record for net inflows this year, despite pulling in ‘just’ $3.7 billion so far in 2025, compared to $35 billion in 2024,” Hougan stated.
Robert Mitchnick, Head of Digital Assets at BlackRock, offered his thoughts on the resurgence of interest in Bitcoin ETFs. He emphasized that the increase affirmed a change in “investors’ engagement,” suggesting that institutional investors are in demand.
The retail segment initially controlled a large portion of the flows following the introduction of spot Bitcoin ETFs..Mitchnick noted. Over time, though, the balance of power has changed, with wealth advisors and institutional clients now owning a larger share.
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