Bitwise: ETFs to consume over 100% of Bitcoin, Ethereum, and Solana’s new supply in 2026

Bitwise Asset Administration has launched its 2026 outlook, and probably the most notable prediction is a possible historic provide contraction.

The corporate expects that US-listed crypto ETFs will collectively purchase greater than 100% of all newly issued BTC, ETH and SOL subsequent yr – a milestone that may mark a brand new part of institutional dominance within the digital asset area.

In line with Bitwisedemand dynamics have shifted far past the standard four-year crypto cycle. ETF inflows, institutional approvals and broad market accessibility now outweigh halving patterns and speculative leverage.

New ETF movement knowledge presents a glimpse of how this might occur.

What Bitwise predicts for 2026

Bitwise roughly calculates:

• 166,000 BTC in new provide
• 960,000 ETH
• 23 million SOL

However demand for ETFs is anticipated to exceed these numbers as extra establishments acquire entry in 2026. Because the ETF’s launch in 2024, Bitcoin funds alone have bought 710,777 BTC, in comparison with simply 363,047 BTC newly mined over the identical interval – an early signal of the imbalance.

As main wealth platforms like Morgan Stanley, Merrill Lynch, Wells Fargo, Citi and Vanguard increase entry to retail and institutional ETFs, Bitwise expects this consumption hole to widen.

Actual-life ETF flows present why Bitwise has confidence

Bitcoin ETFs stay the largest market drive

Regardless of the volatility, US Bitcoin Spot ETFs sit on $114.28 billion in property [6.54% of Bitcoin’s market cap]with a cumulative web influx of $57.27 billion.

Even on a pink day like December 16 – when flows fell – $277.09 million – buying and selling volumes exceeded $4.26 billion, indicating continued institutional exercise.

The Scale: BTC ETFs generated extra inflows this yr than all the provide produced by the community.

Ethereum ETFs are following an analogous trajectory

US Ethereum ETFs now maintain $18.17 billion in property, equal to five.11% of ETH’s market cap. Cumulative inflows quantity to $12.64 billion, with a day by day buying and selling quantity of $1.17 billion.

Even after day by day outflows of $224.26 million on December 16, web accumulation stays sturdy – a dynamic Bitwise expects to speed up as entry to ETFs expands to extra US asset platforms.

Solana ETFs are the early progress story

Though smaller in measurement, Solana ETFs have shortly gained floor:

• Cumulative inflows of $714.92 million
• $926.33 million in whole web property
• 1.28% of SOL’s market capitalization is already held by ETFs

Every day flows stay constructive at +$3.64 million, and the sector was buying and selling at $39.53 million on December 16 – outstanding for a product that’s lower than a yr previous.

XRP’s ETF debut provides one other layer

XRP ETFs, which launched much more not too long ago, famous:

• +$10.89 million day by day inflows
• Cumulative inflows of $1.12 billion

With XRP now price practically $1.88, inflows have been consecutive for a number of days, indicating regular adoption by retailers and advisors integrating XRP into diversified crypto baskets.

Collectively, these movement patterns assist Bitwise’s thesis: demand for ETFs is excessive, persistent, and increasing throughout a number of property.

Why 2026 could possibly be the tipping level

Bitwise lists a number of components behind his prediction:

• Institutional onboarding – Morgan Stanley, Merrill Lynch, Citi, Wells Fargo and others at the moment are opening up entry to crypto ETFs.
• The professional-crypto regulatory shift, together with bipartisan assist for readability on digital property.
• Rising demand for tokenized property, stablecoins and onchain monetary merchandise.
• The declining volatility, which Bitwise says displays “Bitcoin’s de-risking as an investable asset.”

The corporate additionally expects crypto-linked shares to outperform tech shares subsequent yr, onchain vaults to double their AUM, Polymarket to achieve new open curiosity highs, and Ivy League endowments to speed up their allocation to crypto.

Market implications of Bitwise forecast

If ETFs take up greater than 100% of newly issued BTC, ETH, and SOL, the availability aspect of crypto turns into structurally constrained.

That situation mirrors conventional commodity markets the place monetary devices eat extra provide than miners can produce.

For crypto, this dynamic is placing upward strain on costs, particularly as entry to ETFs will increase globally.

Ultimate ideas

• The buildup of ETFs in BTC, ETH, SOL and XRP already reveals the structural demand pattern that Bitwise predicts for 2026.
• If ETFs eat greater than 100% of latest provide subsequent yr, crypto’s worth ground may rise considerably in the long run.