Bitcoin’s recent all-time record was most likely driven by Bitcoin exchange-traded fund inflows, not Bitcoin treasury firms.
Bitcoin continues to rise as we approach the weekend. hitting a new all-time high Over $125,000 in sales on Saturday
BitcoinBTC) treasury companies purchased Metaplanet of Japan, which has 5,258 bitcoins, added more than 6,702 Bitcoins in the past week.
Compare the two. spot Bitcoin ETFs The net flow of $3.24 billion The record for the week ended in November 2024 was almost reached.
ETFs inflows are behind the price spike
Vincent Liu told Cointelegraph, the Chief Investment Officer of quantitative trading company Kronos Research that ETFs were responsible for driving Bitcoin’s rise.
There were other factors as well, including “tight exchange supply, a weaker dollar, and macro uncertainty. Strong institutional demand is reinforcing the bullish momentum this last weekend,” He also added.
Bitcoin is being bought by more institutions than the miners. supply This year. The average Bitcoin miner generates 900 Bitcoins per day. a September report from financial services company River In 2025, it was found that ETFs and businesses bought an average of 1,430 Bitcoin each day.
The Analysts of the Bitfinex crypto exchange predicted in August Investors would be exposed to altcoins with lower risks if new crypto ETFs were approved.
Bitcoin ETFs have had a wild week
Will Clemente, a crypto analyst and trader. pointed In a post published on Sunday, X referred to ETF flows as a possible catalyst for Bitcoin’s recent rise.
“Possible we get one last dip, but the most bullish thing about this move on Bitcoin is that it wasn’t driven by treasury companies or perp degens, it was driven by spot ETF buying — which is likely macro PMs and funds viewing BTC as a rotation from commodities & small caps,” He said.
Eric Balchunas, Bloomberg Intelligence analyst said Bitcoin reached its highest level after the ETFs were withdrawn. “wild last week with +$3.3 billion in a week, $24 billion for the year.”
Increases in ETFs are likely to continue
Bitcoin ETF inflows The end of the calendar year will most likely see a further increase in the number of people working.
Liu believes that Bitcoin’s future will be defined by the Fourth Quarter. “institutional adoption, but shrinking supply, and macro tailwinds, with its role as a fiat debasement hedge adding support. Thinner liquidity and ETF inflows will fuel rallies and volatility.”
“Future Bitcoin gains will likely swing on institutional adoption, regulatory clarity, tightening supply as exchange balances hit a six-year low, and a supportive macro environment with prolonged low interest rates.”
Michael Saylor, executive chairman of Strategy and Bitcoin bull Michael Saylor predicted in September that Bitcoin After facing increasing pressure due to growing corporate and institution interest, the market would begin to pick up again towards the end of the calendar year.
Related: Crypto treasuries ‘easy money’ ends, but that may be good for crypto
ETFs currently hold over 1.5 million Bitcoins worth $188 billion. This represents 7.2% of total supply. according Bitbo.
Meanwhile, Bitcoin treasuries for corporates are now exceed The value of these 1.4 millions coins is over $166 Billion.
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Source: cointelegraph.com
