US-listed spot Bitcoin ETFs had their second-best week of inflows, with $3.24 billion over the past week, close to the record set in 2024. The surge in inflows is attributed to growing expectations of another US interest rate cut, signaling renewed investor optimism in risk assets.

The influx of ETF funds could lead to over 100,000 BTC being taken out of circulation, creating a bullish trend for Bitcoin. The ETF inflows pushed Bitcoin’s price above $120,000, reaching a six-week high last seen in August. Analysts predict a potential breakout above the $150,000 all-time high by the end of 2025.

October, known as “Uptober” in the crypto world, historically has high returns for Bitcoin. ETF inflows are seen as a key indicator for market sentiment, with October expected to be a strong month for Bitcoin’s momentum. Key events next week, including a speech by Jerome Powell and the US jobs report, will also impact Bitcoin’s performance.

Read more at Cointelegraph: Bitcoin ETFs Log $3.2B In Second-Best Week For Uptober