‘Changing Fast’—Bitcoin Is Suddenly Braced For A $10 Trillion Wall Street ETF Price Boom #NewsETFs

Bitcoin has recovered this month from a sell-off that had threatened to spiral into a full blown price crash—supported by the Federal Reserve quietly priming the bitcoin price and crypto market.

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The bitcoin price has soared toward $100,000 per bitcoin, up from April lows of around $75,000, as it hurtles toward what bitcoin exchange-traded fund (ETF) giant BlackRock has called a “geopolitical fragmentation megaforce” shock.

Now, as a leak reveals growing establishment fears over U.S. president Donald Trump’s bitcoin and crypto plans, Wall Street giants that manage a combined $10 trillion on behalf of clients are predicted to “open for business” on bitcoin this year.

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“The big four wirehouses—Merrill Lynch, Morgan Stanley, Wells Fargo and UBS—control over $10 trillion in client assets, and by and large, these platforms have not yet allowed their advisors to easily access bitcoin ETFs,” Bitwise chief investment officer Matt Hougan wrote in a note, adding he believes “that’s changing fast.”

“In fact, I suspect all four wirehouses will be open for business on bitcoin ETFs by the end of the year.”

So far, the fleet of spot bitcoin ETFs that took Wall Street by storm last year have not had access to the wirehouses network of financial advisors that offer investment and wealth management services.

Last year, Morgan Stanley did allow advisors to pitch BlackRock and Fidelity’s market-leading bitcoin ETFs to clients with a net worth of at least $1.5 million last August but Hougan expects this to open up to the wider market in 2025.

“It’s one of the reasons I still expect bitcoin ETFs to set a new record for net inflows this year, despite pulling in “just” $3.7 billion so far in 2025, compared to $35 billion in 2024,” he wrote.

The dozen U.S. spot bitcoin ETFs, which rocketed to assets under management of more than $100 billion last year, raked in more than $3 billion last week, according to data from SoSoValue, marking a return to growth after a recent period of outflows that mirrored the stock market’s volatility.

The return of inflows to bitcoin ETFs has embolden bullish traders who are betting the bitcoin price could be headed higher.

“Bitcoin continues to outperform,” David Morrison, senior market analyst at Trade Nation, said via email.

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“Bitcoin is currently consolidating around $95,000, taking it back within sight of the $100,000 level. Bitcoin’s recent price action may serve as a broader sentiment gauge for risk assets.”

While traders are feeling upbeat, they have also cautioned the market could retreat back to the mid-$80,000s.

“The overall outlook for bitcoin remains bullish,” Arthur Azizov, founder of B2 Ventures, said in emailed comments.

“Right now, bitcoin is pushing toward a new all-time high, but we shouldn’t rule out minor pullbacks as part of a healthy correction–something that naturally accompanies any reasonable growth. At this stage, bitcoin is in a key zone, having just swept liquidity at the top. That makes a short-term correction quite likely. If that happens, it would make sense to expect a retracement into the $86,000–$83,000 range.”