Bitcoin ETF inflows were $3.2 billion last week, the second-largest weekly increase on file. Also, more than 30 new crypto ETF filings have been made with the SEC, which reflects increased institutional demand for digital currencies.
Bitcoin ETFs Rebound Sharply
Bitcoin ETF saw a sharp turnaround after last week’s $902 million outflow. Institutional investors are back with confidence, as last week’s $3.2 billion net inflow proves. Daily volumes also rose sharply with more than $1 billion traded in just four days alone.
Seasonal momentum and improved regulatory expectations are the reasons for the rally, with October historically having been a bullish month for Bitcoin and the trend looking set to continue that way.
Record Number of Crypto ETF Filings
More than 30 new crypto ETF filings were submitted to the U.S. Securities and Exchange Commission on a single day. Filings were for a broad list of altcoins including Solana, XRP, Cardano, Chainlink, and Litecoin.
This historic application wave follows the SEC implementing new listing standards. These developments facilitate the approval process, reducing the timeline from 240 to as few as 75 days. Firms are therefore now rushing to get ready for possible launches.
Altcoin ETF Outlook Strengthens
Solana and XRP ETF proposals were among the ones impacted by the SEC’s call to refile under the new structure. It wasn’t a rejection but a procedural correction to stay in line with revised listing rules.
Bloomberg analysts elevated altcoin ETF approval projections to 100% on the basis of the easier route and huge market appetite. Nonetheless, the current U.S. government shutdown can postpone a few ultimate approvals and launches.
However, optimism around altcoin ETF has not been dissipated, as the sector is anticipating several launches upon businesses getting back to normal.
What It Signifies for the Market
The simultaneous rise in Bitcoin ETF inflows and altcoin ETF filings reflects a wider trend in crypto investment. Rising ETF demand for Bitcoin may remove supply from the open market, making it more price stable.
At the same time, increased demand for altcoin ETFs indicates that institutional investors are looking beyond Bitcoin. Approved, these products will introduce fresh capital into the broader crypto universe, diversifying market access and participation.
Combined, these trends usher in a new era of regulated crypto investing, one fueled by both increasing confidence and policy simplification.
