Bitcoin ETFs See $3B in Weekly Inflows as BTC Hits New All-Time High

U.S. spot Bitcoin ETFs saw a significant increase in inflows last week, exceeding $3 billion. This surge helped push BTC to a new all-time high of $125,559. The surge highlights growing institutional confidence and renewed retail interest as traders enter “Uptober,” a month historically strong for crypto markets.

What Do ETF Inflows Mean?

Data from SoSoValue shows that U.S. spot Bitcoin ETFs recorded $3.24 billion in net inflows during the week of September 29 to October 3. This is the second-highest weekly total ever, just below the $3.38 billion peak seen in November last year. The numbers indicate both strong market interest and trust in regulated exchange-traded products as a way to gain Bitcoin exposure.

BlackRock’s IBIT fund led inflows with $1.8 billion, followed by Fidelity’s FBTC at $691.9 million. ARK 21Shares’ ARKB and Bitwise’s BITB added $254.5 million and $211.9 million, respectively. Other ETFs, including BTC, HODL, GBTC, BTCO, and EZBC, contributed a combined $261.3 million. The variety of inflows suggests that both institutional and retail investors prefer accessing Bitcoin through regulated funds rather than directly through the spot market.

This points to a shift in investor preferences, as ETFs offer a structured and recognizable way to gain exposure. In the face of continued economic and currency risks, these regulated instruments are attracting investors who prefer not to manage digital wallets.

Investor Interest Expands to Ethereum

Bitcoin is not the only crypto seeing renewed interest. Ethereum-focused ETFs reported $1.3 billion in net inflows over the same week. BlackRock’s ETHA fund led with $687 million, followed by Fidelity at $305 million. Grayscale and Bitwise contributed $175 million and $83 million, respectively, showing that institutional demand extends beyond Bitcoin.

This trend reverses recent outflows for both BTC and ETH ETFs, boosting optimism as traders approach October. Historically, Bitcoin has gained in 10 of the past 12 Octobers, with Ethereum showing comparable patterns. Together with ETF inflows, these seasonal trends suggest factors that could support near-term market strength.

The ETF structure itself can also affect broader market dynamics. When money flows into these funds, it can reduce selling pressure on exchanges and help spot prices. Investors are showing confidence not only in the assets but also in regulated funds.

BTC’s New All-Time High

Recent inflows quickly pushed Bitcoin to a new high above $125,559. At the time of writing, BTC trades at $123,755, up 10.2% over the past week despite some small pullbacks from profit-taking. Ongoing economic trends are also affecting the price. High inflation, a weaker U.S. dollar, and global tensions make Bitcoin attractive as a hedge against traditional financial risks.

Kadan Stadelmann, CTO of Komodo Platform, said that “the same factors that have supported Bitcoin’s price before are now stronger, which could push BTC to $150,000 or higher.” Analysts point out that these gains are supported by ETF inflows, institutional buying, and seasonal patterns.

Even with the rise, short-term volatility and profit-taking are to be expected. Still, the combination of strong inflows, historical trends, and economic uncertainty gives Bitcoin a solid outlook as October continues.

What to Expect from BTC in October?

October appears promising for Bitcoin as ETFs see record inflows and BTC reaches a new all-time high. Historically, this month has been favorable for the coin. The current mix of institutional participation, ETF demand, and macroeconomic uncertainty could keep the momentum moving upward.

However, brief ups and downs and profit-taking are typical after rapid gains. In general, strong inflows and seasonal patterns indicate Bitcoin might hold its momentum through October.