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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 inflows across the 12 offerings to $18.8 billion, marking a new all-time high, per SoSoValue <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data</a>.
Notably, most of the inflows — $494.27 million — were recorded on Sept. 27, led by ARK 21Shares’ ARKB, with only four of the twelve offerings registering no flows.
<ul class="wp-block-list">
 <li>ARK 21Shares’ ARKB, $203.07 million.</li>
 <li>Fidelity’s FBTC, 123.61 million.</li>
 <li>BlackRock’s IBIT continued its 5-day inflow streak bringing in $110.82 million.</li>
 <li>Grayscale’s GBTC drew in $26.15, its first inflow since Sept. 16</li>
 <li>Bitwise’s BITB logged its fourth straight day of positive inflows, bringing in $12.91 million.</li>
 <li>VanEck’s HODL, $11.17 million.</li>
 <li>Invesco’s BTCO, $3.28 million.</li>
 <li>Valkyrie’s BRRR, $3.26 million.</li>
 <li>Franklin Templeton’s EZBC, WisdomTree’s BTCW, Grayscale Bitcoin Mini Trust, and Hashdex’s DEFI saw no flows.</li>
</ul>
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<h2 class="wp-block-heading" id="brace-for-a-bullish-q4-analysts">Brace for a bullish Q4: analysts</h2>
The uptick in inflows coincided with Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) breaking 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.
In his latest <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 noreferrer nofollow">analysis</a>, 10x Research’s Markus Thielen noted Bitcoin’s 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.
Thielen pointed to a combination of factors driving this bullish momentum, including a sharp rise in <a href="https://crypto.news/tether-mints-1b-in-usdt-on-tron-blockchain/" target="_blank" rel="noopener noreferrer nofollow">stablecoin minting</a>—nearly $10 billion issued after the <a href="https://crypto.news/feds-lean-toward-september-rate-cut-bullish-for-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Fed’s July meeting</a>—flooding the crypto market with liquidity.
Thielen noted that 55% of currently mined Bitcoins come from mining pools in China. The country’s massive monetary and fiscal <a href="https://crypto.news/dont-count-on-chinas-trillion-dollar-stimulus-to-rescue-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">stimulus measures</a>, announced right after the Fed’s rate cut, could trigger “significant capital outflows” into cryptocurrencies, potentially accelerating Bitcoin’s bullish momentum.
With these forces in play, the chances of a major surge this quarter look strong, according to the analyst.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The 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.” <cite>Markus Thielen, head of research at 10X Research</cite>
</blockquote>
Echoing Thielen’s bullish outlook, Matt Mena of 21Shares told crypto.news that Bitcoin’s surge past $65,000 is already igniting strong investor interest.&nbsp;
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’s continued rise as investors seek higher-yielding opportunities.
As investors flock toward crypto, Mena sees Bitcoin gearing up for a retest of the $68,000 to $70,000 range.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “For retail investors, this presents an opportune moment to increase exposure to risk assets, especially given BTC’s historical tendency to rally around this time during halving years.” <cite>Matt Mena, crypto researcher at 21Shares</cite>
</blockquote>
Meanwhile, on X, one trader suggested that Bitcoin could reach $124,000 by the end of 2024, citing historical data showing an average Q4 return of 88.84% following a positive September. See below.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Historically, when <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> has had a positive September, it has often set the stage for a strong Q4. History shows an average Q4 return for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> at +88.84%, which from todays prices would mean that Bitcoin could end the year at $124,000 History shows that when September is… <a rel="noopener noreferrer nofollow" href="https://t.co/yCBjvcUrLN" target="_blank">pic.twitter.com/yCBjvcUrLN</a>— StockTrader_Max (@StockTrader_Max) <a href="https://twitter.com/StockTrader_Max/status/1839980028320215045?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 28, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
The Bitcoin Fear and Greed Index surged to 64, rebounding sharply from its August low of 17 and signaling <a href="https://crypto.news/odds-of-bitcoin-price-soaring-to-a-new-all-time-high-are-rising-polymarket/" target="_blank" rel="noopener noreferrer nofollow">strong market optimism</a>.
Bitcoin was trading at $65,757, up more than 4% for the week and 11.18% for the month — its best run since March.&nbsp;
The flagship cryptocurrency was just 10.8% shy of its all-time high posted in March 2024.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/spot-bitcoin-etfs-log-massive-365-7m-inflows-led-by-ark-21shares-arkb/"> Spot Bitcoin ETFs log massive $365.7m inflows led by ARK 21Shares’ ARKB </a>

Bitcoin ETFs hit $1b weekly inflows, analysts expect FOMO-driven rally

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