The inflows mark one of the strongest weeks since ETF trading began, igniting new talk of a record‑setting run for BTC.
Investors who had briefly turned cautious in late September are now returning in force. The shift follows a wave of optimism around the so‑called “Uptober” rally – a historically bullish month for crypto – and renewed confidence that Wall Street’s Bitcoin exposure is here to stay.
A Record Week for Fund Flows
Friday’s trading session sealed the rally with a bang, drawing nearly $1 billion in a single day – one of the largest daily inflows in Bitcoin ETF history. The surge reversed last week’s $900 million outflow and propelled the total for the week to $3.24 billion.
Analysts see the move as a sign that institutional capital is re‑entering the market aggressively, driven by both macroeconomic shifts and mounting anticipation of a Federal Reserve rate cut later this month. Futures data suggests more than a 90 % chance that the Fed will ease policy – a tailwind that historically boosts demand for alternative assets like Bitcoin and gold.
BTC Edges Toward a New Peak
The price of Bitcoin has climbed steadily alongside ETF inflows, briefly touching $124,000, just shy of its all‑time high. Historically, October has been Bitcoin’s second‑strongest month, and the current rally is reinforcing that reputation. Traders now see $125,000 as the next resistance level before Bitcoin could enter true price discovery.
Banks Weigh In on the Rally
Major institutions have started revising their targets upward. JPMorgan analysts reaffirmed their projection of $165,000 by year‑end, describing the move into Bitcoin and gold as part of a “debasement trade” – a shift toward hard assets amid inflation and a weakening dollar.
Standard Chartered was even bolder, predicting Bitcoin could hit $135,000 soon and possibly approach $200,000 before 2026 if ETF demand continues. Citigroup, while more conservative, raised its forecast to $132,000, citing steady capital inflows from financial advisors and wealth managers who are now recommending Bitcoin exposure for the first time.
Wall Street’s Crypto Moment
What’s happening now is more than a seasonal rally – it’s a structural shift. Institutional adoption through ETFs has turned Bitcoin into a mainstream investment instrument, no longer just a speculative asset. If this pace of inflows holds, “Uptober” could mark the start of Bitcoin’s next major price era – one driven not by hype, but by capital allocation from the financial world it once sought to disrupt.
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