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Spot Bitcoin ETFs Pull in $3.24B as BTC Climbs to New ATH
U.S. spot Bitcoin ETFs recorded a combined $3.24 billion in net inflows last week, marking the second-largest weekly total since their launch. Data from SoSoValue shows that between Sept. 29 and Oct. 3 the influx of capital into regulated Bitcoin funds helped push Bitcoin to a fresh all-time high, reinforcing bullish sentiment heading into October — a month crypto traders frequently call "Uptober."
Top ETF performers and weekly breakdown
BlackRock’s IBIT led the pack, drawing more than $1.8 billion in net new assets over the week. Fidelity’s spot Bitcoin offering followed with roughly $692 million in inflows. Other notable performers included ARK 21Shares’ ARKB with about $254.5 million and Bitwise’s BITB with $211.9 million. The remaining Bitcoin ETFs — including funds tagged BTC, HODL, GBTC, BTCO, and EZBC — contributed a combined $261.3 million.
These strong inflows point to growing institutional conviction and a resurgence of retail demand for regulated, exchange-traded access to Bitcoin. By channeling capital into spot products, investors are choosing on-ramp vehicles that offer custody, transparency, and the oversight associated with ETFs.
Ethereum ETFs also see renewed demand
Ethereum-focused ETFs resumed positive flows in the same period, collecting around $1.3 billion overall. BlackRock’s ETHA fund reported the largest inflows among ETH products at about $687 million, followed by Fidelity’s Ethereum fund with roughly $305 million. Grayscale and Bitwise also reported meaningful weekly inflows, roughly $175 million and $83 million respectively.
The simultaneous demand for BTC and ETH ETFs suggests broadening interest across the two largest crypto assets and highlights investors’ preference for regulated exposure amid macro uncertainty.
Market impact: BTC hits a new record
The surge in ETF inflows helped propel Bitcoin above $125,500, establishing a new all-time high as U.S. macro headwinds — including a partial government shutdown and a weakening dollar — continued to weigh on traditional markets. At press time the benchmark was trading around $123,753, up more than 10% on the week.
Market observers point to several drivers behind the rally. Increasing inflationary pressures, currency depreciation risks, and geopolitical instability are often cited as catalysts that push investors toward non-sovereign stores of value like Bitcoin. Kadan Stadelmann, CTO of Komodo Platform, noted that these macro forces have historically supported Bitcoin’s appreciation and could help propel the asset toward higher price targets in the months ahead.
Outlook for Uptober and ETF-led flows
Historically strong October performance for Bitcoin — gains in 10 of the past 12 Octobers and positive returns in most fourth quarters — combined with robust ETF inflows, sets a constructive tone for the remainder of the season. continued institutional adoption via spot Bitcoin ETFs remains a key factor to monitor, as fresh capital inflows can materially influence BTC supply-demand dynamics and price discovery.
Investors should continue watching weekly ETF flows, macro indicators, and regulatory developments to gauge momentum for both Bitcoin and Ethereum markets.
Source: crypto
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