Record Inflows Expected for U.S. Bitcoin Spot ETF in Q4

According to BlockBeats, cryptocurrency asset management firm Bitwise anticipates that the U.S. Bitcoin spot ETF will attract record-breaking inflows in the fourth quarter, potentially surpassing the total for 2024. Earlier this year, Bitwise's Chief Investment Officer, Matt Hougan, predicted that Bitcoin ETF inflows in 2025 would exceed the initial year's $36 billion. Currently, inflows have reached approximately $22.5 billion, with expectations to hit $30 billion by year-end, slightly below the first year's performance. However, in a memo to clients on Tuesday, Hougan expressed confidence in a robust fourth quarter, driven by three main factors: the approval by wealth management institutions, a significant rise in Bitcoin prices, and the narrative of "currency devaluation hedge."