Data from SoSoValue shows that the 12 U.S. spot Bitcoin ETFs recorded $3.24 billion in net inflows last week, marking their second-largest weekly total on record, just shy of the $3.38 billion peak set in November of last year.
During the week of September 29 to October 3, BlackRock’s IBIT led the inflows, drawing in over $1.8 billion. Fidelity’s FBTC followed with $691.9 million, while ARK 21Shares’ ARKB and Bitwise’s BITB added $254.5 million and $211.9 million, respectively. The remaining ETFs—including BTC, HODL, GBTC, BTCO, and EZBC—collectively brought in $261.3 million.
The robust inflows highlight increasing institutional confidence in Bitcoin, alongside renewed retail interest in gaining exposure through regulated investment vehicles.
Ethereum ETFs also returned to positive territory last week, drawing in $1.3 billion in net inflows. BlackRock’s ETHA led the way with $687 million, followed by Fidelity at $305 million. Grayscale attracted $175 million, while Bitwise added $83 million.
The renewed demand for both Bitcoin and Ethereum ETFs helped reverse a brief period of outflows and set a bullish tone for October—often dubbed “Uptober” by traders due to its historical strength in crypto markets. For context, BTC has posted gains in 10 of the past 12 Octobers and in 8 of the past 12 fourth quarters.
Bitcoin Hits New All-Time High
The rebound in BTC inflows helped push Bitcoin to a new all-time high above $125,500, even amid a U.S. government shutdown and a weakening dollar. At the time of writing, BTC was trading around $123,753, up 10.6% over the past seven days.
“Bitcoin is rising due to inflation, currency devaluation, and geopolitical turmoil, with conflicts erupting across multiple continents. The same factors that have historically driven Bitcoin are intensifying, propelling it toward $150,000 and beyond,” said Kadan Stadelmann, CTO of Komodo Platform, in a statement to crypto.news.
