Cointelegraph recently reported that Bitwise’s Chief Investment Officer, Matt Hougan, has projected that US Bitcoin Exchange-Traded Funds (ETFs) might accumulate over $50 billion by 2025. In January alone, these ETFs experienced nearly $5 billion worth of inflows, which, if sustained, could see them attract over $50 billion this year.
In a post dated Feb 1, Hougan wrote, “Spot Bitcoin ETFs attracted $4.94 billion in January. If annualized, this could reach approximately $59 billion. For context, these ETFs amassed $35.2 billion throughout 2024.” He also noted the significant month-to-month volatility but remained optimistic that Bitcoin ETFs would exceed $50 billion by the end of 2025.
Last December, Hougan and Ryan Rasmussen, Bitwise’s head of research, forecasted that Bitcoin ETF inflows in 2025 would outstrip those in 2024. They revealed that the funds ended 2024 with $33.6 billion in inflows, far surpassing analyst expectations of $15 billion at their launch in January 2024.
Leading the inflows in January was BlackRock’s iShares Bitcoin Trust ETF (IBIT), which raked in a total of $3.2 billion. It was followed by the Fidelity Wise Origin Bitcoin Fund (FBTC), which had a net inflow of nearly $1.3 billion, according to data from Farside Investors.
Meanwhile, Bitwise’s own Bitwise Bitcoin ETF (BITB) secured the fifth-largest net inflow in January among the 11 ETFs, attracting over $125 million. This was behind the Grayscale Bitcoin Mini Trust ETF (BTC), which amassed around $398.5 million.
In their December report, Hougan and Rasmussen predicted that 2025 would see larger Bitcoin ETF inflows as institutional investors seek to increase their allocations. They also anticipated a shift in the behavior of the world’s largest wirehouses, who have mostly been denied access to Bitcoin ETFs, potentially unlocking trillions of dollars for these funds.
