Bitcoin ETFs hit $3.38b weekly inflows, VanEck eyes $180k

Demand for spot Bitcoin exchange-traded funds has surged to its highest levels since launch, with a massive $3.38 billion inflow this week, and experts are predicting even greater momentum once BTC surpasses $100,000.

With five days of positive inflows catalyzed by hopes for an increasingly friendly regulatory environment under President-elect Donald Trump, the total net asset value of Bitcoin Spot ETFs reached $107.488 billion for the first time.

The highest inflow of the week was recorded on November 21 and $1 billion was collected. This coincided with the exit of anti-crypto SEC Chairman Gary Gensler, confirming that his crypto-hating tenure is over.

The biggest inflow of the week ($1 billion total) occurred on November 21. On the same day, SEC Chairman Gary Gensler, known for his tough stance on crypto, announced that he will resign on January 20.

Bitcoin (BTC) rose to an all-time high of $99,800 a day after the news broke but failed to break the coveted $100,000 mark as inflows into the 12 spot BTC ETF offering fell to $490.35 million on Friday, according to SoSoValue . data.

Weekly inflows managed to reach an all-time high of $3.38 billion.

Continuing its 12-day streak of entries, BlackRock’s IBIT led the day’s activity with $513.2 million, with only half of the twelve funds managing to attract capital.

Entries to other funds are as follows:

Fidelity’s FBTC: $21.71 million. Valkyrie’s BRRR: $6.19 million. Grayscale’s Bitcoin mini trust: $5.72 million. VanEck’s HODL: $5.62 million. Invesco’s BTCO: $4.96 million.

Grayscale’s GBTC, which received the highest fee among the lots, was the only offering to record an exit of $67.05 million. There was no inflow of remaining funds.

Despite the decline in inflows over the weekend, market experts believe that overall demand for ETF products remains strong.

Kadan Stadelmann, Komodo’s first Bitcoin investor and chief technology officer, attributes the recent rise in demand to a “supply shock” from the 2024 Bitcoin halving and increasing “geopolitical uncertainties” that are driving demand for Bitcoin as a hedge.

TYMIO founder Georgii Verbitskii told crypto.news that this milestone will likely “attract renewed interest from mainstream media and traders.” This momentum is expected to increase further after BTC crosses $100,000.

$100 thousand is just the beginning

At the time of writing, Bitcoin was just 1.47% shy of reaching six figures; some market analysts predict that this milestone could be reached well before the end of 2024.

Meanwhile, analysts like VanEck’s Nathan Frankovitz and Matthew Sigel predict that prices could rise to $180,000 in the next 18 months, in line with experts at Bernstein Research, who recently raised their 2025 year-end target for BTC from $150,000 to $200,000.

In a recent report, Frankovitz and Sigel said BTC’s current rise mirrors the “pattern from four years ago,” when Bitcoin doubled between the 2020 election and the end of the year, followed by “an additional increase of ~137% in 2021.”

They added that “the next phase of the bull market is just beginning” with no technical price resistance in sight.

“Investor interest is rapidly growing as there is a transformative shift in government support for Bitcoin; We are receiving calls at an increasing rate as many investors find themselves under-allocated to the asset class. “While we remain vigilant for signs of overheating, we are reiterating our cycle price target of $180k per BTC as a number of fundamental indicators we follow continue to give a green signal for this rally.”

VanEck mid-November Bitcoin report

Analyst Ali Martinez offered a similar perspective on X, drawing parallels with previous cycles. He suggested that Bitcoin could climb to $108,000 in the coming weeks and rise to $135,000 by the end of the year. See below.