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 its most placing prediction is a possible historic provide squeeze. 

The agency expects U.S.-listed crypto ETFs to collectively buy greater than 100% of all newly issued BTC, ETH, and SOL subsequent yr—a milestone that might mark a brand new part of institutional dominance in digital belongings.

Based on Bitwise, demand 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. 

Contemporary ETF move knowledge gives a glimpse of how this might occur.

What Bitwise is predicting for 2026

Bitwise calculates roughly:

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

However ETF demand is anticipated to exceed these totals as extra establishments achieve entry in 2026. Since ETF launches in 2024, Bitcoin funds alone have purchased 710,777 BTC, in comparison with simply 363,047 BTC newly mined in the identical interval—an early signal of the imbalance.

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

Actual-world ETF flows present why Bitwise is assured

Bitcoin ETFs stay the biggest market drive

Regardless of volatility, U.S. Bitcoin spot ETFs sit on $114.28 billion in belongings [6.54% of Bitcoin’s market cap], with $57.27 billion in cumulative internet inflows. 

Even on a purple day like 16 December — when flows dipped –$277.09 million — buying and selling volumes exceeded $4.26 billion, exhibiting persistent institutional exercise.

The size: BTC ETFs generated extra influx this yr than the complete provide produced by the community.

Ethereum ETFs are monitoring an identical trajectory

U.S. Ethereum ETFs now maintain $18.17 billion in belongings, equal to five.11% of ETH’s market cap. Cumulative inflows sit at $12.64 billion, with day by day buying and selling volumes at $1.17 billion.

Even after a day by day outflow of –$224.26 million on 16 December, internet accumulation stays sturdy — a dynamic Bitwise expects to speed up as ETF entry expands to extra U.S. wealth platforms.

Solana ETFs are the early development story

Whereas smaller in measurement, Solana ETFs have rapidly gained traction:

• $714.92 million cumulative inflows
• $926.33 million in complete internet belongings
• 1.28% of SOL’s market cap already held by ETFs

Every day flows stay optimistic at +$3.64 million, and the sector traded $39.53 million on 16 December — notable for a product lower than a yr previous.

XRP’s ETF debut provides one other layer

XRP ETFs, launched much more lately, recorded:

• +$10.89 million day by day influx
• $1.12 billion cumulative influx

With XRP buying and selling close to $1.88, inflows have been consecutive for a number of days, signalling regular adoption by retail and advisors integrating XRP into diversified crypto baskets.

Collectively, these move patterns assist Bitwise’s thesis: ETF demand is deep, persistent, and broadening throughout a number of belongings.

Why 2026 may very well be the tipping level

Bitwise lists a number of drivers behind its prediction:

• Institutional onboarding — Morgan Stanley, Merrill Lynch, Citi, Wells Fargo and others are actually opening entry to crypto ETFs.
• The professional-crypto regulatory shift, together with bipartisan assist for digital asset readability.
• Rising demand for tokenized belongings, stablecoins and onchain monetary merchandise.
• Declining volatility, which Bitwise argues displays “the derisking of Bitcoin as an investable asset.”

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

Market implications of Bitwise prediction

If ETFs take in greater than 100% of newly issued BTC, ETH and SOL, crypto’s provide facet turns into structurally constrained. 

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

For crypto, this dynamic introduces upward strain on costs — particularly as ETF entry broadens globally.

Closing Ideas 

• ETF accumulation throughout BTC, ETH, SOL and XRP already exhibits the structural demand development Bitwise forecasts for 2026.
• If ETFs do eat greater than 100% of recent provide subsequent yr, crypto’s long-term worth ground may rise considerably.