Analyst Matt Hougan said that Merrill Lynch, Morgan Stanley, Wells Fargo and UBS may allow clients to invest in spot bitcoin ETFs by the end of the year.
This could trigger record capital inflows into the sector and push BTC upside.
The expansion of access makes bitcoin an increasingly recognized tool for hedging risks, the expert believes.
Earlier, Coinbase Asset Management President Sebastian Bea noted that the market is entering an era of institutional adoption, but urged caution due to regulatory challenges and speculative risks.
