Highlights
The Bitcoin ETFs have seen a huge turnaround this week, recording their largest weekly inflows of 2025 after a period of mixed flows into these funds. This comes as the BTC price eyes a new all-time high (ATH) following a monstrous rally to begin ‘Uptober.’
According to SosoValue data, these funds saw $3.24 billion in net inflows this week, marking their largest weekly inflows this year. It is also their second-largest weekly inflows since they launched last year, with the week ending November 22 ($3.38 billion) the only one that tops this.
CoinGape had earlier reported how these Bitcoin ETFs recorded $2.2 billion in weekly inflows between Monday and Thursday this week. These funds then went on to take in an additional $985 million on Friday, totaling $3.24 billion for the week.
It is worth mentioning that the daily net inflow of $985 million recorded on Friday is the second-largest daily inflow, only behind the $987 million they took in on January 6 at the start of the year. Meanwhile, this record week follows the $902 million in weekly net outflows they recorded last week.
The record Bitcoin ETFs’ weekly inflows also coincide with the notable rally in the BTC price to start this month. The flagship crypto is already up over 7% in October, a month that is BTC’s second-best-performing month based on historical data.
Thanks to this rally, Bitcoin is now trading just below its current all-time high (ATH) of $124,400, rallying to as high as $124,000 yesterday. The inflows into the BTC funds are believed to have contributed to the current bullish momentum.
In addition to the Bitcoin ETF inflows, the market also looks to be pricing in the possibility of another Fed rate cut this month at the upcoming FOMC meeting. The odds of a rate cut have risen above 90% following the lower-than-expected ADP jobs report, which dropped earlier this week.
Meanwhile, as JPMorgan analysts highlighted, there is the ongoing ‘debasement trade,’ with investors moving to BTC and gold as a hedge against inflation and macro uncertainties, including the ongoing U.S. government shutdown. The banking giant predicts that Bitcoin could still rally to $165,000 by year-end.
Standard Chartered predicted that BTC will soon reach $135,000, driven by the Bitcoin ETF boom, as more institutional investors move to the flagship crypto as a hedge. The bank also predicts that Bitcoin could reach $200,000 by the end of the year.
Citigroup gave a more conservative forecast, predicting that Bitcoin will rally to $132,000 by year-end. They expect the positive flows into BTC to continue, as more institutional investors and financial advisors initiate crypto investments.
Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…
Bitcoin-backed stocks of Strategy can now be accessed on Robinhood. This represents a significant move…
Shiba Inu’s Layer 2 network, Shibarium, has returned online following a $4 million exploit that…
FLOKI has announced the launch of the first BNB chain exchange-traded product (ETP) in Europe.…
Binance Coin (BNB), the native cryptocurrency of BNB Chain, has surged another 8% today, moving…
Trump’s real estate portfolio is set to go on-chain amid World Liberty Financial’s announcement of…