BlackRock’s spot Bitcoin ETF saw an influx of over $1.1 billion on Thursday, setting a new single-day record. Collectively, the 12 U.S. spot Bitcoin ETFs recorded net daily inflows totaling $1.38 billion, marking the highest single-day net inflow since January. Amid this surge, veteran analyst Peter Brandt is signaling a bullish trend for Bitcoin.
Record Inflows to Spot Bitcoin ETFs: What’s Behind the Surge?
BlackRock’s iShares Bitcoin Trust (IBIT) recorded a historic net inflow of $1.12 billion yesterday, breaking the previous record of $872 million set on October 30. These record inflows came just a day after spot Bitcoin ETFs recorded an unprecedented single-day trading volume of over $4 billion. Rachael Lucas, a crypto analyst at BTCMarkets, commented:
“This surge reflects strong investor confidence, driven by BlackRock’s reputation, Bitcoin’s recent rally, and favorable market conditions. Contributing factors include institutional confidence, FOMO, and delayed capital inflows following price increases.”
Lucas also noted that Donald Trump’s victory in the U.S. presidential election has added to the positive sentiment. His win on Wednesday boosted both stock and crypto markets, with Bitcoin reaching an all-time high, as previously reported by The Bit Journal.
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Peter Brandt’s Bitcoin Prediction for 2025
Seasoned analyst and trader Peter Brandt believes Bitcoin is in a “sweet spot.” He predicts BTC could reach six figures within a few months, stating that Bitcoin is “currently in the sweet spot of the bull market halving cycle.” According to Brandt, Bitcoin could rise by 73% to 100% from its current level, potentially hitting a peak in August or September 2025.
Brandt’s chart suggests that if history repeats, the time taken for Bitcoin to reach its post-halving cycle peak could mirror the period from the start of the bull market cycle to the halving. Based on this theory, Brandt notes a 518-day span from November 2022, when Bitcoin entered the bull market, to the halving in April 2024. He suggests it may take another 518 days from the halving to reach the peak of the current cycle.
As of now, Bitcoin is trading above $76,000, reflecting a 9.55% weekly gain, showing strong momentum as it aims for new highs.
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