Bitcoin ETFs experienced a remarkable resurgence this week, reporting their most significant capital injection of 2025 following inconsistent fund activity. This upswing coincides with Bitcoin’s (BTC) soaring price, setting its sights on a fresh record high (ATH) after a powerful surge at the start of October, dubbed “Uptober.”
Bitcoin ETFs Attract Over $3 Billion This Week
Data from SosoValue reveals that these investment vehicles accumulated a net inflow of $3.24 billion this week, marking the largest weekly influx seen so far this year. This performance is second only to the week ending November 22 of last year, when inflows reached $3.38 billion, making it the second-best week since their launch.
Earlier reports indicated that Bitcoin ETFs took in $2.2 billion between Monday and Thursday of this week. An additional $985 million flowed in on Friday, pushing the weekly total to $3.24 billion.
Notably, the $985 million net inflow recorded on Friday represents the second-largest single-day gain, surpassed only by the $987 million registered on January 6 at the start of the year. This strong week follows a period of net outflows amounting to $902 million the previous week.
The impressive influx into Bitcoin ETFs aligns with Bitcoin’s price surge at the beginning of the month. The leading cryptocurrency has already gained over 7% in October, historically its second-strongest month.
BTC Aims for New All-Time Peak
Fueled by this upward momentum, Bitcoin is now trading just shy of its all-time high (ATH) of $124,400, having reached a peak of $124,000 recently. The inflows into BTC funds are believed to be a significant factor contributing to the current positive market sentiment.
Besides the Bitcoin ETF inflows, market observers suggest the possibility of another Federal Reserve rate cut this month during the upcoming FOMC meeting is also playing a role. The likelihood of a rate reduction has increased to over 90% following a weaker-than-anticipated ADP jobs report released earlier in the week.
Furthermore, analysts at JPMorgan point to the continuing “debasement trade,” where investors are turning to Bitcoin and gold as a buffer against inflation and macroeconomic instability, including the ongoing U.S. government shutdown. The investment bank forecasts that Bitcoin could potentially rise to $165,000 by the end of the year.
Standard Chartered has predicted Bitcoin soaring towards $135,000, spurred by the Bitcoin ETF surge, as more institutional investors embrace the digital asset as a hedge. The bank has also forecasted $200,000 by year’s end.
Citigroup offered a more measured outlook, anticipating Bitcoin reaching $132,000 by year-end. The firm foresees positive inflows into BTC continuing, driven by increased cryptocurrency investments from institutional investors and financial advisors.