Bitwise Forecasts Record-Breaking Bitcoin ETF Investment in the Final Quarter

Bitwise Sees Q4 Bitcoin ETF Inflows Breaking Records

Bitcoin (BTC) exchange-traded funds (ETFs) are poised for their largest quarterly inflows ever, driven by expanding institutional access, favorable macro conditions, and Bitcoin’s surge above $125,000, according to crypto asset manager Bitwise.

Earlier this year, Bitwise projected that 2025 Bitcoin ETF inflows would surpass the $36 billion record set in the first year of ETFs. Through September, approximately $22.5 billion had already been invested, leaving a strong finish in Q4 likely to push totals even higher.

A significant catalyst came on October 1, when Morgan Stanley (MS) approved 16,000 advisers, managing $2 trillion in assets, to allocate to crypto, noted Bitwise CIO Matt Hougan. Wells Fargo (WFC) has followed suit, while UBS and Merrill Lynch may also join. Though adoption by these platforms is typically gradual, demand from advisers has been building for months.

Macro factors are adding momentum as well. The so-called “debasement trade”, which favors Bitcoin and gold amid currency dilution, has grown stronger following a 44% increase in U.S. money supply since 2020, Hougan said.

Bitcoin’s price rally, surpassing $125,000, further supports ETF inflows. Q4 has already recorded $3.5 billion in net flows in the first four trading days, lifting year-to-date totals to $25.9 billion, putting a record-breaking quarter well within reach, Bitwise added.