Key takeaways:
Spot Bitcoin ETFs have already surpassed gold ETFs in early growth, with projections of $100 billion in annual inflows by 2027.
Publicly listed companies and nation-states currently hold nearly 1.7 million BTC, pointing to long-term confidence.
Bitwise projects $120 billion in Bitcoin inflows by 2025 and $300 billion by 2026.
Bitcoin (BTC) demand from a diverse range of investors—including publicly listed companies building Bitcoin treasuries, sovereign wealth funds, exchange-traded funds (ETFs), and nation-states—is projected to drive substantial capital inflows to the asset in the coming years. According to crypto index fund management firm Bitwise, inflows to Bitcoin could reach $120 billion by the end of 2025, with an additional $300 billion anticipated in 2026.
In its recent report, “Forecasting Institutional Flows to Bitcoin in 2025/2026,” Bitwise highlights that US spot Bitcoin ETFs recorded $36.2 billion in net inflows in 2024, surpassing the early success of SPDR gold Shares (GLD), which