Bitcoin ETF Inflows Surge to $900 Million, Pushing Bitcoin to $98K

After a massive blood bath in Satoshi Street in the last week of December, Bitcoin is back in action reaching $98K from a drop of $92K on its 16th anniversary. The global market cap saw a whopping rise of 2.31%, hitting $3.49 trillion, and trading volume reached $123 billion. Interestingly, the Fear and Greed Index jumped to 60 from 50 which shows rising investor confidence. Crypto prices are on a sunny side today, with the majority of altcoins trading in green. 

US Bitcoin ETFs Rising, Here’s Why? 

In the meanwhile, Bitcoin ETFs in the U.S. have seen impressive inflows, reaching a total of $900 million. This marks a strong reversal after earlier outflows, signaling growing institutional interest in Bitcoin. As per data, Fidelity’s Bitcoin ETF (FBTC) is leading the way with $357 million in inflows, followed by BlackRock’s IBIT with $252 million and Ark Invest’s ARKB with $222 million. These figures suggest a growing investor faith in Bitcoin’s future, particularly as its price approaches the $100,000 mark again.

On-chain data supports this positive sentiment, showing that over 48,000 BTC, worth more than $4.5 billion, have been withdrawn from exchanges. This means that investors are holding onto their Bitcoin for the long term, which often happens before a major price increase.

Plus, the Coinbase Premium Index, a key indicator of institutional demand, has recently rebounded after hitting a two-year low, further confirming the growing interest from institutional investors.

Bitcoin to Touch $200K by Year End? 

Despite some uncertainty surrounding Bitcoin’s price movements, particularly due to the upcoming inauguration of Donald Trump, the overall outlook for Bitcoin remains bullish. The market is expecting a fair SEC chair, and clear crypto rules which all will add and make 2025 a crypto year. 

Many experts have given their crypto predictions for 2025 including crypto OG Robert Kiyosaki predicting an ultra-bullish target of $175,000 or even $350,000 this year. Being on the ground, Bitwise Asset Management expects Bitcoin to hit $200,000 by the end of 2025. On a long-term Pantera Capital predicted Bitcoin could hit $740,000 by 2028 as more and more investors will hold rather than sell. 

On the downside!

Despite the overhyped market, Bitcoin’s path to these targets won’t be smooth. Experts warn that the first quarter of 2025 could see a period of consolidation, especially after Bitcoin’s drop from $108,000 to its current price. The market is likely to remain volatile for now. Many experts think there will be a delay in crypto regulations due to Trump’s political indifference.