{"id":3441,"date":"2024-09-29T12:10:41","date_gmt":"2024-09-29T12:10:41","guid":{"rendered":"http:\/\/one.peakteam.co\/?p=3441"},"modified":"2024-09-30T14:02:18","modified_gmt":"2024-09-30T14:02:18","slug":"bitcoin-etfs-hit-1b-weekly-inflows-analysts-expect-fomo-driven-rally","status":"publish","type":"post","link":"https:\/\/cycle.trading\/index.php\/2024\/09\/29\/bitcoin-etfs-hit-1b-weekly-inflows-analysts-expect-fomo-driven-rally\/","title":{"rendered":"Bitcoin ETFs hit $1b weekly inflows, analysts expect FOMO-driven rally"},"content":{"rendered":"<p class=\"is-style-lead\">Liquidity flowing into spot Bitcoin exchange-traded funds, or ETFs, surpassed $1 billion this week as analysts anticipate a new all-time high for the top cryptocurrency over the next three months.<\/p>\n<p>For the first time since July, weekly inflows into spot Bitcoin ETFs surpassed the billion-dollar mark, reaching $1.11 billion. This pushed the total cumulative net inflows across the 12 offerings to $18.8 billion, marking a new all-time high, per SoSoValue\u00a0<a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"noopener\">data<\/a>.<\/p>\n<p>Notably, most of the inflows \u2014 $494.27 million \u2014 were recorded on Sept. 27, led by ARK 21Shares\u2019 ARKB, with only four of the twelve offerings registering no flows.<\/p>\n<ul class=\"wp-block-list\">\n<li>ARK 21Shares\u2019 ARKB, $203.07 million.<\/li>\n<li>Fidelity\u2019s FBTC, 123.61 million.<\/li>\n<li>BlackRock\u2019s IBIT continued its 5-day inflow streak bringing in $110.82 million.<\/li>\n<li>Grayscale\u2019s GBTC drew in $26.15, its first inflow since Sept. 16<\/li>\n<li>Bitwise\u2019s BITB logged its fourth straight day of positive inflows, bringing in $12.91 million.<\/li>\n<li>VanEck\u2019s HODL, $11.17 million.<\/li>\n<li>Invesco\u2019s BTCO, $3.28 million.<\/li>\n<li>Valkyrie\u2019s BRRR, $3.26 million.<\/li>\n<li>Franklin Templeton\u2019s EZBC, WisdomTree\u2019s BTCW, Grayscale Bitcoin Mini Trust, and Hashdex\u2019s DEFI saw no flows.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Brace for a bullish Q4: analysts<\/h2>\n<p>The uptick in inflows coincided with Bitcoin\u00a0<span class=\"token-badge-container\" data-v-app=\"\"><span class=\"token-badge\"><img decoding=\"async\" class=\"token-badge__image\" src=\"https:\/\/crypto.news\/images\/icons\/bitcoin.svg\" alt=\"Bitcoin\" width=\"16\" height=\"16\" \/><span class=\"token-badge__symbol\">btc<\/span><span class=\"token-badge__change token-badge__change--up\">0.05%<\/span><a class=\"token-badge__link\" href=\"https:\/\/crypto.news\/price\/bitcoin\/\">Bitcoin<\/a><\/span><\/span>\u00a0breaking past a key resistance level at $65,000, which some analysts believe could spark a wave of FOMO-driven buying and set the stage for a run toward new all-time highs.<\/p>\n<p>In his latest\u00a0<a href=\"https:\/\/mail.10xresearch.co\/p\/fomo-is-back-are-you-holding-enough-bitcoin-and-altcoins-to-ride-the-next-wave\" target=\"_blank\" rel=\"noopener\">analysis<\/a>, 10x Research\u2019s Markus Thielen noted Bitcoin\u2019s recent breakout above $65,000 is a major catalyst for a potential Q4 rally. He believes this move could ignite a wave of FOMO, pushing Bitcoin toward $70,000 and setting the stage for new all-time highs sooner than most expect.<\/p>\n<p>Thielen pointed to a combination of factors driving this bullish momentum, including a sharp rise in\u00a0<a href=\"https:\/\/crypto.news\/tether-mints-1b-in-usdt-on-tron-blockchain\/\" target=\"_blank\" rel=\"noopener\">stablecoin minting<\/a>\u2014nearly $10 billion issued after the\u00a0<a href=\"https:\/\/crypto.news\/feds-lean-toward-september-rate-cut-bullish-for-bitcoin\/\" target=\"_blank\" rel=\"noopener\">Fed\u2019s July meeting<\/a>\u2014flooding the crypto market with liquidity.<\/p>\n<p>Thielen noted that 55% of currently mined Bitcoins come from mining pools in China. The country\u2019s massive monetary and fiscal\u00a0<a href=\"https:\/\/crypto.news\/dont-count-on-chinas-trillion-dollar-stimulus-to-rescue-bitcoin\/\" target=\"_blank\" rel=\"noopener\">stimulus measures<\/a>, announced right after the Fed\u2019s rate cut, could trigger \u201csignificant capital outflows\u201d into cryptocurrencies, potentially accelerating Bitcoin\u2019s bullish momentum.<\/p>\n<p>With these forces in play, the chances of a major surge this quarter look strong, according to the analyst.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe likelihood of a Q4 rally is exceptionally high, with gains likely front-loaded [..] A major surge could be on the horizon, sparking even more FOMO across the crypto space.\u201d<\/p>\n<cite>Markus Thielen, head of research at 10X Research<\/cite><\/blockquote>\n<p>Echoing Thielen\u2019s bullish outlook, Matt Mena of 21Shares told crypto.news that Bitcoin\u2019s surge past $65,000 is already igniting strong investor interest.\u00a0<\/p>\n<p>According to Mena, lower-than-expected inflation data and the recent rate cut have fueled optimism for a more accommodative Fed, boosting appetite for risk assets. Coupled with global liquidity injections, this has created an ideal environment for Bitcoin\u2019s continued rise as investors seek higher-yielding opportunities.<\/p>\n<p>As investors flock toward crypto, Mena sees Bitcoin gearing up for a retest of the $68,000 to $70,000 range.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cFor retail investors, this presents an opportune moment to increase exposure to risk assets, especially given BTC\u2019s historical tendency to rally around this time during halving years.\u201d<\/p>\n<cite>Matt Mena, crypto researcher at 21Shares<\/cite><\/blockquote>\n<p>Meanwhile, on X, one trader suggested that Bitcoin could reach $124,000 by the end of 2024, citing historical data showing an average Q4 return of 88.84% following a positive September. See below.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?creatorScreenName=ronyroycrypto&amp;dnt=true&amp;embedId=twitter-widget-0&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1839980028320215045&amp;lang=en&amp;origin=https%3A%2F%2Fcrypto.news%2Fbitcoin-etfs-hit-1b-weekly-inflows-fomo-driven-rally%2F&amp;sessionId=ca776d48810e0f4425fe480b76913a6a626cad27&amp;siteScreenName=itscrypto_news&amp;theme=light&amp;widgetsVersion=2615f7e52b7e0%3A1702314776716&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1839980028320215045\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/figure>\n<p>The Bitcoin Fear and Greed Index surged to 64, rebounding sharply from its August low of 17 and signaling\u00a0<a href=\"https:\/\/crypto.news\/odds-of-bitcoin-price-soaring-to-a-new-all-time-high-are-rising-polymarket\/\" target=\"_blank\" rel=\"noopener\">strong market optimism<\/a>.<\/p>\n<p>Bitcoin was trading at $65,757, up more than 4% for the week and 11.18% for the month \u2014 its best run since March.\u00a0<\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liquidity flowing into spot Bitcoin exchange-traded funds, or ETFs, surpassed $1 billion this week as analysts anticipate a new all-time high for the top cryptocurrency over the next three months. For the first time since July, weekly inflows into spot Bitcoin ETFs surpassed the billion-dollar mark, reaching $1.11 billion. This pushed the total cumulative net [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[11],"class_list":["post-3441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","tag-case-studies"],"_links":{"self":[{"href":"https:\/\/cycle.trading\/index.php\/wp-json\/wp\/v2\/posts\/3441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cycle.trading\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cycle.trading\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cycle.trading\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cycle.trading\/index.php\/wp-json\/wp\/v2\/comments?post=3441"}],"version-history":[{"count":1,"href":"https:\/\/cycle.trading\/index.php\/wp-json\/wp\/v2\/posts\/3441\/revisions"}],"predecessor-version":[{"id":5026,"href":"https:\/\/cycle.trading\/index.php\/wp-json\/wp\/v2\/posts\/3441\/revisions\/5026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cycle.trading\/index.php\/wp-json\/wp\/v2\/media\/5025"}],"wp:attachment":[{"href":"https:\/\/cycle.trading\/index.php\/wp-json\/wp\/v2\/media?parent=3441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cycle.trading\/index.php\/wp-json\/wp\/v2\/categories?post=3441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cycle.trading\/index.php\/wp-json\/wp\/v2\/tags?post=3441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}