Bitcoin on record: Rising ETF volume brings Q4 rally!

Bitcoin on record: Rising ETF volume brings Q4 rally!

Today, October 9, 2025, Bitcoin (BTC) is in the spotlight as the price trades near $123,000. Experts expect that the fourth quarter of 2025 could see a sharp price increase due to strong institutional interest in Bitcoin ETFs (exchange-traded funds). Of particular note is the forecast that inflows into Bitcoin ETFs could surpass the record $36 billion set in 2024. In 2025, inflows in the first nine months have already recorded $22.5 billion. These numbers indicate increasing momentum in the Bitcoin market.

The catalysts for optimistic market development in the fourth quarter are diverse. According to Bitwise Chief Investment Officer Matt Hougan, the strong inflows could lead to new highs in Bitcoin price. Three main factors that support a positive market trend are the BTC price reversal, the debasement trade and the growing institutional approvals.

Institutional investments and market analysis

The investment bank Morgan Stanley recommends that its risk-taking clients allocate up to 4% of their portfolio to Bitcoin. This recommendation can be interpreted as an indicator of trust in Bitcoin as an asset class. This year, gold and Bitcoin have emerged as the top-performing major assets, which has been linked to the “debasement trade” trend. The US money supply has grown by 44% since 2020, which JPMorgan recognizes as increased interest in alternatives such as Bitcoin.

Recently, Bitcoin hit a new all-time high of $126,199, helped by over $3.5 billion in inflows into ETFs within the last week. These developments show strong buying momentum that has not been as pronounced since April, data from Glassnode shows. With continued inflows during the October-November period, Bitcoin could be poised for a further rise, as historically the fourth quarter is considered the strongest quarter for Bitcoin.

Market trends and future prospects

Trading volumes today rose to their highest level since April, indicating increased liquidity and momentum. Furthermore, open interest in futures reached almost $50 billion as Bitcoin crossed $120,000. Annualized funding rates have risen above 8%, indicating high demand for leveraged long positions.

However, rising financing costs could trigger short-term market declines if excessive leverage is eliminated. Over the past two days, U.S. spot Bitcoin ETFs have attracted more than $2 billion, laying the foundation for possible record inflows by the end of this week.

Overall, the Bitcoin market is in an exciting phase in which institutional investors are showing increasing interest and market conditions are promising. The coming weeks could be crucial for the further development of the Bitcoin price.

For further information on Bitcoin market movements, read FXStreet.