Major Financial Institutions Expected to Back Bitcoin ETFs by Year-End

Several prominent financial institutions are poised to support Bitcoin Exchange Traded Fund (ETF) products, according to BlockBeats. Matt Hougan, Chief Investment Officer at Bitwise, reported that Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS Group, managing a combined $10 trillion in assets, will likely fully endorse these ETFs by year-end. 2025 might see record inflows for Bitcoin ETFs despite a slower start this year, with only around $4 billion of investments compared to $11.8 billion during the same period last year.