Bitcoin exchange-traded funds (ETFs) are making significant strides, with projections indicating they could attract $55 billion in assets within the first five years. As of late August, Bitcoin ETFs have already taken $50 billion in 'baby steps' toward this goal. Last October, Matthew Hougan told an industry panel about these projections. Cantor Fitzgerald CEO, whose firm manages $13.2 billion, stated that big banks and traditional finance will likely invest heavily in Bitcoin once better regulations are in place, predicting a major shift in the financial landscape.