The investment director of Bitwise Matt Housogan said that by the end of the year, four more major financial institutions would allow their customers to trade the prototype ETF for Bitcoin.

Housugan said that such financial institutions as Merrill Lynch, Morgan Stanley, Wells Fargo and UBS have not yet provided access to the Sports Exchange Funds (ETFs) for Bitcoin, but by the end of the year the situation will fundamentally change, the expert noted.

According to him, as soon as this happens, a record tributary of capital will enter this sector, which will increase the first cryptocurrency quotes.

Thanks to the expanding list of companies accepting exchange products based on bitcoin, the recognition of the asset as a profitable and reliable risk hedging tool will become global, the analyst summarized.

Earlier, Coinbase Asset Management President Sebastian Bea said that cryptocurrency enters the new era of institutional acceptance, but regulatory challenges and speculative risks require the crypto community to maintain a balanced and careful approach to investing in digital assets.