Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?
Spot Bitcoin ETF buying and selling quantity surpassed $5 billion on October 1 as the cryptocurrency broke via $120,000, posting a ten% weekly achieve from late September lows round $109,000.
Institutional traders drove the rally with $676 million in web inflows on October 1, with BlackRock’s iShares Bitcoin Trust recording $405 million and Fidelity buying 1,570 BTC valued at $179 million in a single day.
Bitcoin surpassed $120,500 at present with buying and selling quantity exceeding $50 billion throughout all markets.
BlackRock’s IBIT now holds 773,000 Bitcoin, price roughly $93 billion, reinforcing its place as the most important institutional custodian, with 3.88% of the overall Bitcoin provide.
Spot Bitcoin ETFs have accrued $58.44 billion in web inflows because the January 2024 launch, with complete web belongings reaching $155.89 billion, representing 6.66% of Bitcoin’s market capitalization.
Vanguard, the world’s second-largest asset supervisor with $11 trillion in funds, is reconsidering its stance on crypto ETFs after eradicating a key blog post that dismissed Bitcoin as having “no inherent financial worth.”
The firm is reportedly evaluating whether or not to permit its 50 million prospects worldwide to entry Bitcoin and Ethereum ETFs via its platform.
The potential reversal comes underneath the brand new CEO, Salim Ramji, who beforehand labored at BlackRock and has spoken in regards to the promise of cryptocurrency.
Vanguard finds itself in a clumsy place as the most important proprietor of Strategy inventory, primarily via funds monitoring the Nasdaq 100, regardless of adopting a skeptical tone about Bitcoin.
A Vanguard spokesperson instructed Bloomberg that the corporate “repeatedly evaluates our brokerage supply, investor preferences, and the evolving regulatory atmosphere,” though they declined to verify whether or not crypto ETFs are imminent.
Even if simply 1% of Vanguard’s 50 million prospects determined to put money into Bitcoin ETFs, that will characterize 500,000 new traders getting into the market.
In the blink of an eye fixed, 50 million Vanguard prospects might quickly be capable to put money into Bitcoin ETFs for the primary time#Cryptohttps://t.co/DLQEQMJg0t
— Cryptonews.com (@cryptonews) October 1, 2025
Additionally, BlackRock filed an application for a Bitcoin Premium Income ETF, designed as a covered-call technique that gives a yield on Bitcoin holdings.
Bloomberg analyst Eric Balchunas noted that the agency registered the identify iShares Bitcoin Premium ETF as a “33 Act spot product,” positioning it as a sequel to its $87 billion IBIT.
The $12.5 trillion asset supervisor’s Bitcoin and Ethereum ETFs are producing greater than $260 million in annual revenue, with $218 million from Bitcoin merchandise and $42 million from Ethereum.
Including smaller crypto holdings, BlackRock’s complete digital asset custody now exceeds $101 billion.
BlackRock’s Ethereum fund recorded $512 million in web capital inflows final week, in response to Farside Investors.
The agency disclosed $14.1 billion in digital asset inflows in its second-quarter earnings report, making the class one in all its fastest-growing product strains regardless of representing only one% of complete belongings underneath administration.
Technical Analysis Points to $128K Target With Consolidation Risk
Bitcoin’s weekly chart shows systematic consolidation zones adopted by impulsive advances all through 2023-2025, with present positioning at $120,953 putting the crypto on the higher boundary of what analysts label “Price Discovery Uptrend 3.”
Each consolidation section has lasted a number of weeks to months earlier than resolving with breakouts.
The sample reveals constant habits the place Bitcoin establishes base-building intervals inside horizontal ranges earlier than breaking larger into new worth discovery phases.
However, diminishing share positive factors between every uptrend section counsel probably slowing momentum, with strikes from $70,000 to $120,000 representing roughly 71% positive factors in comparison with 75% positive factors within the earlier section.
The simplified worth construction reveals even a key break-and-retest sample across the $110,000 stage.
Bitcoin seems to have damaged above resistance, pulled again to retest this stage as assist, and is now positioned for potential continuation larger.
Technical proof helps a possible development towards $128,000-$135,000.
However, the prolonged nature of the transfer means that this could possible happen with elevated volatility and deeper pullbacks.
The key assist stage for sustaining a bullish construction seems at $110,000-$112,000, the place earlier resistance is anticipated to supply assist.
Failure to carry this zone might set off retracement towards $103,000-$105,000 channel assist, whereas sustained breaks above $128,000 would open the trail towards $135,000-$140,000 earlier than testing higher channel resistance close to $173,000.
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