Bitcoin and Ethereum Weekly Price Prediction: Will Bulls Ignite a Rally This Week?
*October Becomes a Strong Month for ETFs*!!
Over the past week, about $1 billion flowed into 12 spot Bitcoin exchange-traded funds (ETFs), with positive inflows recorded on four of those days. Most of this came from BlackRock’s IBIT, the largest ETF by assets, which is now close to reaching $24 billion in total inflows since its launch.
tarting on October 14 with $555.86 million, the funds saw five consecutive days of inflows, totaling over $2.13 billion—the first-time weekly inflows surpassed $2 billion since March 2024.
With these steady inflows over the past two weeks, the 12 Bitcoin ETFs have now accumulated over $3.07 billion in October, making it a strong month for ETFs.
However, things are different for Ethereum. According to SoSoValue, Ethereum ETFs failed to continue their inflow streak as the net inflow turned negative on 25 October. Data reveals that ETH ETFs recorded outflow of $19.1 million after three consecutive days of positive inflow.
The substantial inflow volume into Bitcoin and Ethereum over the past few weeks might fuel a strong rebound rally in the coming week..
