Bitcoin ETFs Bounce Back with Biggest Weekly Inflows of the Year
According to SosoValue data, Bitcoin ETFs attracted $3.24 billion in net inflows this week. This marks their biggest weekly inflows so far this year and the second-largest since their launch in 2024. The only bigger week remains the one ending November 22, 2024, which brought in $3.38 billion.
It was earlier noted that from September 29 to October 2 alone, Bitcoin ETFs received $2.2 billion. On October 3, the investment funds took in another $985 million, pushing the weekly total to $3.24 billion.
Friday’s inflow also ranked as the second-largest daily inflow on record, just short of the $987 million posted on January 6 this year. This sharp rebound comes right after a week of heavy outflows, when these funds lost $902 million.
Bitcoin Price Rally and Macro Factors Fuel Momentum
The ETF inflows align closely with Bitcoin’s recent price performance. October, often dubbed “Uptober” by crypto enthusiasts, has already pushed BTC up more than 7%. On October 3, the flagship crypto touched $124,000, putting it just below its record high of $124,400.
Historically, October is Bitcoin’s second‑best month for returns, and the latest rally strengthens that reputation. Analysts believe the strong ETF inflows have directly boosted Bitcoin’s bullish momentum.
Beyond ETF demand, market sentiment also reflects expectations of a Federal Reserve rate cut at the upcoming FOMC meeting. The probability of a cut surged above 90% after a weaker‑than‑expected ADP jobs report this week.
At the same time, JPMorgan analysts pointed to a “debasement trade,” where investors move into Bitcoin and gold as safe havens. Concerns over inflation, global uncertainty, and the ongoing U.S. government shutdown are pushing more institutional money toward digital assets.
Bold Price Predictions from Major Banks
The recent rally has also drawn attention from major global banks, many of which have raised their year‑end Bitcoin forecasts.
JPMorgan believes Bitcoin could climb to around $165,000 before the end of the year. This prediction is driven by institutional demand and the growing appeal of hard assets during times of monetary easing.
Standard Chartered sees an even stronger rally on the horizon, predicting that the flagship crypto could soon reach $135,000 and possibly $200,000 if ETF inflows continue to accelerate.
Meanwhile, Citigroup remains slightly more conservative, projecting a year‑end price of around $231,000. Nevertheless, the financial institution still acknowledges that institutional adoption will likely keep driving positive momentum in the months ahead.