Bitcoin and Ethereum ETFs Continue to Outperform, Bitcoin Spot ETF Saw $2.22B Net Inflow, Third-Largest in History

November 4, 2024 at 03:50 PM GST updated: November 4, 2024 at 11:38 AM 2 mins read News

Bitcoin and Ethereum ETFs continue to outperform.
Bitcoin spot ETFs just saw the third-largest net inflow of $2.22 billion.
Altcoins prepare to end their reckoning phase and enter the golden pump phase.

Bitcoin (BTC) holds strong at the $68,000 price level as expectations for a bullish Q4 continue to grow stronger. Adding to the bullish sentiment is the expectation for an even more bullish altseason to follow Bitcoin’s possibility of setting new ATHs before the end of Q4. So far Bitcoin has closed both September and October in bullish green.

Bitcoin Spot ETFs See $2.22 Billion Net Inflows

Last week, from October 28 to November 1, Bitcoin spot ETF had a net inflow of $2.22 billion, the third largest weekly net inflow in history. BlackRock ETF IBIT had a weekly net inflow of $2.15 billion. Ethereum spot ETF had a net inflow of $13 million last week.… pic.twitter.com/N9xBIRI0bk

— Wu Blockchain (@WuBlockchain) November 4, 2024

Another factor adding to the bullish momentum is the strong performance of crypto ETFs last week. In detail, from October 28 to November 1, Bitcoin spot ETF had a net inflow of $2.22 billion, the third-largest weekly net inflow in history. Additionally, BlackRock ETF IBIT had a weekly net inflow of $2.15 billion while Ethereum spot ETF had a net inflow of $13 million last week.

Meanwhile, analysts are thrilled to see Bitcoin and Ethereum ETFs continue to outperform. Top analysts expect Bitcoin to hit trend top prices between $100,000 to $150,000 by the end of 2024. More so, higher ATH predictions are turning up every day as analysts continue to study the Bitcoin (BTC) charts.

Witch cycle top BTC prediction from $220,000 to $550,000, analyst are certain that BTC will break its previous ATH at $73,700 to set a series of new ATHs in Q4 and continue to outperform itself in 2025. For instance, as we can see from the post below, this analyst says that altcoins look to be preparing for a grand finale.

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Altseason Will Arrive After Altcoin Reckoning Phase Ends

It looks like the grand finale of the altcoin reckoning has finally arrived.

The altcoin reckoning should be over by December 2024 (2nd week of January 2025 at the latest).

It has been a long journey, and many gave up along the way, but this process was always going to play out pic.twitter.com/WRVUvIHDTt
— Benjamin Cowen (@intocryptoverse) November 3, 2024

Altseason can only occur when Bitcoin sets new ATHs. According to this analyst, the altcoin reckoning stage should be over by December 2024 or the second week of January at the latest. Following this altseason should likely commence.

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