Bitcoin News Today: Bitcoin ETFs Attract $60B Inflows, Push Price Past $122K

Bitcoin's price has surged past $122,000, driven by record inflows into U.S. spot Bitcoin exchange-traded funds (ETFs. Total net inflows into Bitcoin ETFs since inception have exceeded $60 billion, with BlackRock's iShares Bitcoin Trust (IBIT) leading the charge. On October 3, IBIT alone recorded $791.42 million in inflows, equivalent to 6,447 BTC, while its net assets under management (AUM) surpassed $95 billion, holding 783,000 BTCWall Street Pours Billions Into Bitcoin ETFs & Ethereum ETFs^[1]. Fidelity's FBTC also saw $12.625 billion in inflows this weekBitcoin ETFs see over $600M in inflows as BTC price …^[2]. These inflows, coupled with Ethereum ETFs attracting $1.2 billion in weekly inflowsWall Street Pours Billions Into Bitcoin ETFs & Ethereum ETFs^[1], underscore institutional confidence in crypto assets.

The surge in demand has pushed Bitcoin's weekly gains to 11.82%, with the price nearing its all-time high of $124,474Wall Street Pours Billions Into Bitcoin ETFs & Ethereum ETFs^[1]. Analysts attribute this momentum to Bitcoin's role as a hedge against macroeconomic uncertainty and its growing institutional adoption. JPMorgan's Nikolaos Panigirtzoglou noted that Bitcoin's volatility-adjusted valuation relative to gold has fallen below 2.0, implying a 42% price increase is needed to match gold's $6 trillion market capBitcoin ETFs see over $600M in inflows as BTC price …^[2]. The bank revised its 2025 price target from $126,000 to $165,000, citing strengthening demand from both institutional and retail investorsBitcoin ETFs see over $600M in inflows as BTC price …^[2].

Market participants highlight ETF inflows as a structural catalyst for Bitcoin's price. Over $3 billion in Bitcoin ETF inflows were recorded in the week of October 3, despite the U.S. government shutdownWall Street Pours Billions Into Bitcoin ETFs & Ethereum ETFs^[1]. Matt Mena of 21Shares suggested that a Federal Reserve rate cut could trigger another "Uptober" rally, with Bitcoin potentially testing $140,000–$150,000 by year-endWall Street Pours Billions Into Bitcoin ETFs & Ethereum ETFs^[1]. However, the rapid accumulation raises concerns about profit-taking. With Bitcoin's price hovering near $119,800 after a pullback from $120,000Bitcoin ETFs see over $600M in inflows as BTC price …^[2], traders are monitoring whether the $124,474 level can be sustained or if short-term gains will cap further upside.

Institutional activity remains a key driver. Over 30 new crypto ETF applications were submitted to the U.S. SEC on October 3, signaling expanding product innovationWall Street Pours Billions Into Bitcoin ETFs & Ethereum ETFs^[1]. BlackRock's ETHA, the largest Ethereum ETF, saw $204.75 million in inflows, reflecting renewed interest in altcoins as Bitcoin dominance dips below 59%. Meanwhile, Standard Chartered reaffirmed a $200,000 price target for Bitcoin by 2025, emphasizing its role as a hedge against systemic risks and its correlation with U.S. Treasury term premiumsStandard Chartered Reaffirms Bitcoin Price Target of …^[6]. The bank also noted that ETF inflows could accelerate toward year-end, providing tailwinds for the assetBitcoin (BTC) Price News: Potential for $200K This Year - CoinDesk^[7].

Despite bullish fundamentals, risks persist. Rapid inflows could lead to liquidity strains, with large ETF purchases amplifying volatilityBitcoin etf inflows boost market as Bitcoin posts notable highs^[3]. Additionally, profit-taking by long-term holders may temporarily cap Bitcoin's upside. While the current momentum suggests a potential breakout to all-time highs, analysts caution that macroeconomic shifts-such as a Fed tightening cycle or geopolitical instability-could disrupt the rallyBitcoin Price Prediction: Will the BTC Hit $200K by 2025?^[5]. For now, the interplay between sustained ETF demand, macroeconomic trends, and market psychology will determine whether Bitcoin's price can hold its key levels and avoid a reversal.