PANews reported on October 8 that Bitwise predicted in its latest market analysis report that the inflow of US spot Bitcoin ETFs will set a record in the fourth quarter of this year and will exceed the total inflow of US$36 billion in 2024.

Bitwise Chief Investment Officer Matt Hougan said that the Bitcoin ETF will have three catalysts: the entry of wealth management companies, the recent surge in Bitcoin prices, and the effectiveness of the "depreciation trade." It is expected that many Wall Street investment advisory firms will add gold and Bitcoin to client portfolios to capture assets with stronger performance.