A new Bitwise report reveals notable growth for institutional investments in bitcoin over the coming years.
According to the latest forecasts from asset management firm Bitwise, capital flows into Bitcoin could exceed $120 billion by the end of 2025, with projections reaching $300 billion the following year.
This growth is rooted in the rising interest from sovereign wealth funds, publicly traded companies, state treasuries, and institutional investment vehicles such as spot exchange-traded funds (ETFs). Analysts expect the number of companies holding bitcoin in their treasuries to double by the end of 2026.
Bitwise’s analysis highlights how Bitcoin is no longer seen solely as a speculative asset but is emerging as a serious contender for the role of global store of value.
The report notes that, according to its authors, global wealth is gradually moving away from traditional safe havens like gold and shifting toward Bitcoin.
Spot ETF boom
Spot Bitcoin ETFs in the United States have outperformed all expectations throughout 2024. These financial instruments have attracted over $36.2 billion in net inflows, surpassing by twenty times the early performance of SPDR Gold Shares (GLD), historically the most successful commodity ETF.
In just twelve months, U.S. spot ETFs have accumulated $125 billion in assets under management (AUM). Bitwise projections suggest that annual inflows could reach $100 billion by 2027.
However, approximately $35 billion in capital remained on the sidelines in 2024 due to regulatory restrictions at financial institutions such as Morgan Stanley and Goldman Sachs.
States consider a bitcoin reserve
Bitwise’s analysis also highlights Bitcoin’s growing appeal beyond Wall Street. Publicly traded companies currently hold over 1.1 million BTC, worth more than $125 billion. Sovereign governments collectively own more than 500,000 BTC, with the United States, China, and the United Kingdom leading the rankings.
In its base scenario, Bitwise forecasts a modest reallocation of institutional and sovereign assets toward Bitcoin: 5% of government gold reserves and 0.5% of assets from major wealth management platforms. Even under these conservative assumptions, total bitcoin inflows could reach $420 billion over 2025-2026.
In a more optimistic scenario, with 10% of gold reserves and 1% of managed portfolios shifting to Bitcoin, inflows could exceed $920 billion, absorbing more than 9 million bitcoins — around 40% of the total supply.
