Share this article
Bitcoin ETF Inflows Poised to Smash Records in Q4, Says Crypto Asset Manager Bitwise
Institutional access, a surging debasement trade, and bitcoin’s rally above $125,000 are setting the stage for the strongest quarter ever for ETF flows.
Updated Oct 9, 2025, 1:58 p.m. Published Oct 9, 2025, 1:22 p.m.
What to know:
- Bitwise expects Q4 bitcoin ETF inflows to surpass the $36 billion record set in year one.
- Major wealth managers like Morgan Stanley and Wells Fargo have opened access to crypto allocations, unlocking new demand, the report noted.
- Bitcoin’s surge above $125,000 and the rise of the debasement trade are fueling strong momentum into year-end, the crypto asset manager said.
Flows into bitcoin exchange-traded funds (ETFs) are on track to set a new quarterly record, according to crypto asset manager Bitwise, which expects a surge in Q4 as institutional access broadens, macro tailwinds strengthen and prices climb.
Earlier this year Bitwise predicted that 2025 bitcoin ETF inflows would surpass the record $36 billion set in year one.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
With $22.5 billion already logged through September, a strong finish could push totals well past that mark, the firm said in a report on Tuesday.
A major catalyst came Oct. 1, when Morgan Stanley (MS) cleared its 16,000 advisers, overseeing $2 trillion in assets, to allocate to crypto, Bitwise chief investment officer Matt Hougan said in the report. Wells Fargo (WFC) has done the same, and others like UBS (UBS) and Merrill Lynch may follow.
While such platforms typically move gradually, demand from advisers has been building for months, the report said.
Macro forces are also adding momentum. The so-called “debasement trade,” favoring gold and bitcoin amid currency dilution, has gone mainstream after U.S. money supply surged 44% since 2020, Hougan said.
And bitcoin’s rally is amplifying it all. The cryptocurrency broke through $100,000 to trade above $125,000, up 9% in early October. The world's largest cryptocurrency was trading around $123,500 at publication time.
Historically, price surges have drawn fresh ETF inflows, the report noted.
The fourth quarter is already off to a strong start with $3.5 billion in net flows in the first four trading days, lifting year-to-date totals to $25.9 billion. With two months to go, a record appears well within reach, the report added.
Read more: Citi Sees Bitcoin Hitting $181K in 2026 as ETF Flows Drive Crypto Higher
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout
The pullback followed Tuesday's brief spike above $94,500, a move that triggered a minor short squeeze but failed to break the resistance that has capped bitcoin for most of the past three weeks.
What to know:
- Bitcoin fell toward $90,000 as crypto markets lost ground despite a Federal Reserve rate cut.
- Over $514 million in leveraged positions were liquidated, with major tokens like Ether and Solana also declining.
- Analysts suggest Bitcoin must surpass $94,000 to signal a significant rebound, amid concerns over macroeconomic conditions and market liquidity.
Top Stories
