Investor confidence in the cryptocurrency market has bounced back, leading to a surge in Bitcoin ETFs with $900 million in net inflows on January 3.
The top performers were Fidelity’s Wise Origin Bitcoin Fund (FBTC), BlackRock’s iShares Bitcoin Trust (IBIT), and Ark Invest’s ARKB, with $357 million, $253 million, and $222 million respectively.
This is a significant change from the record outflows seen in recent weeks, indicating renewed trust from institutional investors.
According to analyst Patric H., this also reflects a bullish sentiment and suggests that big money is once again buying into the market after the end-of-year sell-off. Bitcoin has also made a positive start to 2025, consolidating after its New Year’s rally and breaking above $97,000.
Many analysts believe that breaking the 50-day simple moving average is a crucial step for sustained growth, and most predict Bitcoin will soon surpass the $100,000 mark and potentially reach new all-time highs. In fact, some, like Bitwise, predict that Bitcoin will hit $200,000 in the 2025 price level.
