Matt Hougan: Spot Bitcoin ETFs May Go Mainstream by 2025
Matt Hougan says major banks could fully embrace spot Bitcoin ETFs by 2025, unlocking massive investment inflows.

- Matt Hougan sees full spot Bitcoin ETF access by end of 2025.
- Merrill Lynch, UBS, and others may soon open their platforms.
- This could lead to record-breaking crypto investment inflows.
Matt Hougan, Chief Investment Officer at Bitwise, has made a bold prediction: by the end of 2025, top-tier financial institutions—including Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS—could fully open access to spot Bitcoin ETFs.
While some of these firms have offered limited access through select advisors, widespread availability is still missing. Full adoption would mean financial advisors across these firms could freely recommend spot Bitcoin ETFs to clients, marking a major step forward in crypto adoption.
Why Hougan’s Prediction Matters
According to Hougan, this move could bring in record-breaking investment flows. These banks manage trillions of dollars, and even a small allocation to spot Bitcoin ETFs could mean billions flowing into the crypto market.
The regulatory approval of Bitcoin ETFs earlier in 2024 laid the groundwork. Now, institutional acceptance could serve as a powerful catalyst for mass adoption. For everyday investors, this would make Bitcoin exposure easier and more secure—via traditional brokerage accounts they already use.
Crypto’s Path to Mainstream Finance
This isn’t just about money—it’s about legitimacy. If firms like UBS and Morgan Stanley fully support spot Bitcoin ETFs, it signals a shift in how traditional finance views crypto. No longer seen as fringe or risky, Bitcoin may soon become a regular feature in diversified investment portfolios.
As 2025 approaches, Hougan’s forecast could be a roadmap to the next wave of crypto adoption. With trust, access, and infrastructure all coming together, mainstream crypto investing may be closer than ever.
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