Major Financial Institutions, Including Wells Fargo, Morgan Stanley, Merrill Lynch, and UBS, Anticipated to Launch Bitcoin Exchange-Traded Fund (ETF) Services by Year's End, According to Bitwise CIO Matt Hougan.
Hackin' With the Banks: Bitcoin ETF Services Coming Soon to a Bank Near You
Yo, listen up! The big dawgs in the banking world, aka Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS, are cookin' something hot in the crypto kitchen—they're gonna start servin' Bitcoin exchange-traded funds (ETFs) to their clients by the end of this year[1]!
That's right, these institutions manage over $10 trillion in assets, so this is a major move towards institutional crypto adoption[2][3].
According to Matt Hougan, the CIO of crypto asset management firm Bitwise, they're gonna be hooked on Bitcoin in no time. He predicts that net inflows this year will set a new record, even though they've "only" taken in $3.7 billion so far in 2025, compared to $35 billion in 2024[1].
Ain't that crazy? Just a few years back, who would've thought the U.S. government would own Bitcoin or the biggest asset manager in the world would embrace crypto? But here we are[2]!
Bitcoin is currently trading for $93,869 and droppin' 1.1% in the last 24 hours[1]. But don't worry, it's all part of the game.
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(Disclaimer: Investments in Bitcoin and other digital assets carry risks. Always do your own research before burning a hole in your pocket.)
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Note: This piece has been revised to maintain an informal, engaging tone while carefully incorporating the provided enrichment data. The content may contain some use of slang and jargon to appeal to a younger or more casual audience.
[1] Hougan, M. (2025). Matt Hougan's Note: Mainstream Financial Institutions Will Launch Bitcoin ETFs in 2025. The Daily Hodl.
[2] The Daily Hodl Staff. (2025). Bitcoin Expected to Boost Demand for US Treasuries. The Daily Hodl.
[3] Hougan, M. (2025). Four Wirehouses Will Launch Bitcoin ETFs by the End of 2025, Predicts Bitwise CIO Matt Hougan. The Daily Hodl.
[4] Khandelwal, M. (2025). Over 70 Public Companies Hold Bitcoin Treasuries, Says Crypto Rover Report. The Daily Hodl.
[5] The Daily Hodl Staff. (2025). Crypto Rover Report: U.S. Banks to Offer Bitcoin & Crypto ETFs by Mid-2025. The Daily Hodl.
- Big financial institutions like Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS are set to 'fetched' Bitcoin ETFs, marking a significant 'highlights' in institutional crypto adoption.
- Looking at the current landscape, it seems like altcoins might also be under the radar of these financial giants, as they venture into the cryptocurrency space.
- Matt Hougan, the CIO of crypto asset management firm Bitwise, predicts that by the end of 2025, there will be a surge in 'net inflows' for Bitcoin, perhaps even surpassing the record set in 2024.
- On a disclaimer note, it's crucial for potential investors to thoroughly research before 'investing' in Bitcoin and other digital assets, as they come with inherent risks.
- As for Ethereum, it's worth keeping an eye on its movements in the finance and business world, as its significance in the blockchain ecosystem continues to grow.
