Bitcoin (BTC) is trading near $123,000 on Wednesday and could be set for a strong Q4 rally amid a resurgence in institutional appetite for spot BTC exchange-traded funds (ETFs). Bitcoin ETFs are on track to surpass their 2024 record of $36 billion, according to Bitwise Chief Investment Officer (CIO) Matt Hougan in a note on Tuesday. He clarified that although the current inflows appear minor, with only $22.5 billion in the first nine months of 2025, there's still much room for an end-of-year surge. "From where I sit, the stars are aligned for a very strong Q4 for flows — more than enough to push us to a new ... (full story)