Thomas Perfumo, the strategy director of Kraken, predicts that the scale of cryptocurrency ETF fund inflows will double to $50 billion by 2025. He said that "ultimate allocation institutions" such as sovereign wealth funds, donation funds, and pension funds will gradually enter the market next year, and large asset management institutions have begun to consider allocating 1% to 3% of their investment portfolios to crypto assets.

Data shows that the total amount of Bitcoin held by the 11 Bitcoin ETF issuers currently exceeds $90 billion, accounting for more than 5% of the total Bitcoin supply. The participation of mainstream asset management institutions such as BlackRock and Fidelity has not only reduced investment costs and risks, but also increased the market recognition of crypto assets.