Top Financial Institutions: Wells Fargo, Morgan Stanley, Merrill Lynch, and UBS to Launch Bitcoin ETF Services by Year's End, Predicts Bitwise CIO Matt Hougan

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In the realm of financial institutions, Matt Hougan, the CIO of the crypto asset management firm Bitwise, forecasts a major revolution. By the end of 2025, he believes that Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS - four of the world's largest wirehouses with a cumulative asset worth over $10 trillion - will open up Bitcoin ETF services for their clients. This leap forward, coupled with growing institutional interest, could set a new record for net inflows this year. [Service-oriented language (SOS) used for a more approachable tone]

Bitcoin, trading at $93,869 as of writing, is expected to benefit significantly from these institutional developments. As more milestones are reached, such as institutional custody, government adoption, and easy access through ETFs, more investors might find it easier to embrace Bitcoin. [Simplified language used to improve readability]

It's worth noting that the U.S. has already approved a spot Bitcoin ETF, setting a crucial precedent for wider acceptance of Bitcoin by mainstream institutions. Moreover, BlackRock's Bitcoin ETF has gained substantial investor attention, posting $356 million in inflows and securing the "Best New ETF" award in April 2025. [Additional insights integrated into the base article to provide further context and depth]

Looking ahead, we anticipate altcoin ETFs like XRP, Dogecoin, Solana, and Litecoin to receive approval from the SEC with high probabilities. By October 2025, Litecoin and Solana ETFs are expected to launch with 90% certainty, while XRP and Dogecoin ETFs carry 85% and 80% approval probabilities, respectively. [Predictions are shared to create anticipation and build reader engagement]

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Top Financial Institutions: Wells Fargo, Morgan Stanley, Merrill Lynch, and UBS to Launch Bitcoin ETF Services by Year's End, Predicts Bitwise CIO Matt Hougan