Bitcoin Price Prediction as Monthly ETF Inflows Hit a Key Milestone

Bitcoin (CRYPTO: BTC) price staged a strong comeback after spending the past few months inside a narrow range. It jumped to $79,500, its highest level since May 15 this year. This rebound coincided with the crypto market comeback and as ETFs hitting a crucial milestone.

Bitcoin Price Jumps as ETF Inflows Surge

BTC price soared as investors embraced a risk-on sentiment, with the Crypto Fear and Greed Index jumping to 76, its highest level since December 2024. It has emerged from the extreme fear zone of 14 a few months ago. 

Bitcoin’s rally has also coincided with strong Bitcoin ETF inflows. These funds, led by BlackRock’s IBIT, added over $307 million on Friday alone, bringing the week’s total inflows to $1.92 billion, the best week this year. As a result, the funds have added over $2.3 billion so far this month, bringing the cumulative inflows to $53.7 billion.

Most Bitcoin ETFs recorded substantial inflows on Friday. IBIT added $293 million, while Fidelity’s FBTC added $30.19 million. Other top ETFs in terms of inflows were from companies like Grayscale, Bitwise, Morgan Stanley, and VanEck.

Bitcoin is benefiting from Scott Bessent’s decision to intervene in the bond market. This intervention happened after the US 30-Year Treasury Yields jumped to the highest level in over two decades. As a result, investors rotated to Bitcoin, an asset that many investors equate to digital gold. Gold itself jumped to $4,602, its highest point since May.