The US List Spot Bitcoin Exchange Trade Fund (ETF) started with a bang on the very bullish month of October after recording the second-best weekly inflow since its launch in January 2024.
Funds regulated by the U.S. Securities and Exchange Commission (SEC) exposed retail and institutional investors to BTC’s price performance without requiring direct retention of digital assets, recording a cumulative net positive inflow of $3.2 billion in “Uptober”‘s first trading week.
Bitcoin Spot ETFS will record its second best week with $3.2 billion inflows as BTC reclaims $120,000
According to Sosovalue data, this figure roughly coincided with the $33.8 billion ETFS record set inflow for the week ending November 22, 2024. It is also marked a sharp rebound from a $920 million outflow from 12 funds of NASDAQ, Nyse and Cboe Extyanges.
Analysts believe the turnaround is attributed to rising expectations of the US Federal Reserve. This has improved feelings about risky and ongoing assets such as Crypto and stocks. US government closurewhich came after Republican and Democrat lawmakers failed to agree to the budget bill to fund federal businesses beyond September 30, 2025. These factors coincided with the price of Bitcoin, which rose above $120,000 for the first time since mid-August, as the “Up-Two” story gained momentum.
Iliya Kalchev, temporary analyst at Digital Asset Platform Nexo, said the increased probability of interest rate cuts by the Fed has caused a shift in sentiment that attracted new investors’ demand. Bitcoin ETFfour-week inflows into funds are approaching $4 billion. He noted that at this rate, cumulative flow rates during the fourth quarter of 2025 could remove 100,000 BTC from distribution, worth $122.2 billion at the current rate. This figure is more than twice the expected new publication.
Kalchev also added that the distribution of long-term holders has been eased while ETFs absorb Bitcoin supply, and the world’s largest cryptocurrency is relaxed. Market capitalization Build a “stronger base” near the main technical support levels. The continued inflow into Spot Bitcoin ETFs could provide a major tailwind for BTC in October. This is the name “Uptober” as it is considered the second best month in terms of average historical returns.
ETFs act as the “clearest emotional barometer” of Bitcoin prices
This week’s $3.2 billion inflow marked the price of Bitcoin at $123,996. This is the level that was last seen on August 14th six weeks ago. iSharesBitcoin TrustETF (go) Fidelity Investments’ FBTC raised $791.55 million, with ARK & 21 Shares’ ARKB with $3,548 million, making it the top three.
Grayscale’s Bitcoin Trust ETF (GBTC) and Bitcoin Mini Trust ETF (GBTC), ARKB from ARK Invest, Bitwise’s BITB and Vaneck’s Hodl have added a total of $1544 million to the total.
Since the accumulated inflow Bitcoin ETF began trading on Wall Street in January 2024, it is now $6.05 billion, but the total net worth of the fund is worth $16.45 billion, accounting for 6.74% of Bitcoin’s $2.43 trillion market capitalization.
Klachev pointed out that ETFS acts as the “clearest” emotional barometer of the crypto market. He also noted that October showed signs of early fourth quarter breakout driving ETF influx, seasonal strength, and incredible macro conditions.
Investors Looking forward to next week’s important event Evaluate Bitcoin’s “Up to Ver” Performance
However, Bitcoin and the broader market momentum will depend on several important events scheduled for next week. It begins with the upcoming speech by Federal Reserve Chair Jerome Powell and the release of minutes from the Federal Open Market Committee (FOMC) meeting. Investors are also looking forward to the US employment report, which is delayed due to government shutdowns. The publication date will vary depending on the length of the shutdown.
Meanwhile, there is growing confidence that Bitcoin will perform strongly in October. According to Coinglass data, BTC averages average monthly returns for October, 46% in November and about 4% in December, reflecting strong returns for the last quarter of the year.
At the time of writing, Bitcoin (BTC) has been trading at $122,126, up 1.44% over the past 24 hours.
