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Bitcoin ETFs log four straight days of inflows as BTC climbs
Spot Bitcoin ETFs have seen a renewed wave of institutional demand, pushing BTC back above the $120,000 mark and reinforcing optimism for further gains this month. Over a four-day streak ending Oct. 2, Bitcoin-focused exchange-traded funds recorded roughly $2.25 billion of net inflows, highlighting strong investor interest in spot Bitcoin exposure.
ETF inflows and top performers
BlackRock’s IBIT led the most recent session with a sizable $466.55 million inflow. Fidelity’s FBTC followed with $89.62 million, while the ARK & 21Shares collaboration, ARKB, added $45.18 million. In total, the latest trading day brought $627.24 million into Bitcoin ETFs alone.
Ethereum ETFs also gaining traction
Ethereum exchange-traded products joined the rally, attracting over $1.06 billion during the same four-day span. Daily inflows for ETH ETFs reached $307.05 million, still below Bitcoin’s daily total but signaling broadening institutional appetite across major crypto assets.
Price action: BTC spikes to $120.5K, eyes $123K
Bitcoin surged to an intraday high of $120,550 before trimming some gains to trade near $119,900 at press time. The move marks BTC’s first sustained return to the $120,000 zone in weeks and coincides with improving weekly momentum: BTC posted gains of 1.17% on the day and roughly 9.71% for the week, according to crypto.news data.
Technical outlook
Technical indicators support a bullish tilt. The RSI sits around 64.38, indicating elevated buying pressure without being overbought, and the MACD histogram continues to widen with the signal line remaining positive. Immediate resistance is concentrated at $120,550; a convincing daily close above that level could pave the way to a near-term target of $123,000.
Bitcoin price chart
On the downside, renewed selling could pull BTC back toward support near $117,000, an area where buyers previously defended the market. Overall, the combination of spot ETF inflows and improving on-chain signals suggests market participants are gearing up for potential upside during what many traders call "Uptober."
What this means for investors
Institutional capital flowing into spot Bitcoin ETFs is an important validation for the market and tends to reduce volatility as larger pools of assets allocate to crypto through regulated vehicles. For traders and long-term holders, ETF inflows can be a bullish catalyst, but risk management remains crucial: watch resistance at $120,550 and the $117,000 support zone for clues on the next directional move.
As ETFs continue to draw fresh capital and on-chain metrics align with bullish momentum, BTC’s reassertion above $120,000 stands out as a key milestone in the broader crypto recovery.
Source: crypto
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