US spot Bitcoin ETFs extended their strong “Uptober” streak, drawing $2.71 billion in weekly inflows and signaling robust institutional demand.
Data from SoSoValue shows that total assets under management (AUM) for Bitcoin ETFs reached $158.96 billion as of Friday, accounting for nearly 7% of Bitcoin’s total market capitalization.
“Capital keeps flowing into BTC as allocators double down on the digital gold conviction trade. Liquidity is building now as the market momentum takes shape,” said Vincent Liu, chief investment officer at quantitative trading firm Kronos Research, in an interview with Cointelegraph.
The week’s highlight came on Monday, when spot Bitcoin ETFs posted $1.21 billion in net inflows—the second-largest single-day inflow since the launch of these products. Strong demand continued on Tuesday, with funds seeing $875.61 million in additional inflows.
Bitcoin ETFs Record $4.5 Million Outflow Amid Market Turmoil
On Friday, Bitcoin ETFs experienced a $4.5 million net outflow as market jitters rose following President Donald Trump’s announcement of a 100% tariff on imports from China.
Despite the overall outflow, BlackRock’s IBIT led the sector with $74.2 million in daily inflows, bringing its cumulative total to $65.26 billion. In contrast, Fidelity’s FBTC and Grayscale’s GBTC saw outflows of $10.18 million and $19.21 million, respectively.
“Trump’s tariff threat looks more like a negotiation tactic than a policy pivot—a classic pressure play,” said Vincent Liu. “Markets may flinch in the short term, but smart money knows the game: macro noise, conviction unchanged.”
“Uptober” Spurs Surge in Crypto ETF Filings
The past two months have seen a surge in crypto ETF applications, with 31 filings submitted to the US Securities and Exchange Commission (SEC)—21 of them in just the first eight days of October.
Analysts are calling this period a potential opening of the “floodgates” for crypto ETFs. Bloomberg’s James Seyffart noted that as of late August, nearly 100 crypto-related products were still awaiting SEC approval.
