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- U.S. Bitcoin ETFs record $2.71B in weekly inflows, signaling strong institutional demand.
- Trump’s China tariff comments caused brief outflows but didn’t dent long-term sentiment.
- SEC faces 31 new crypto ETF filings, marking rising momentum in digital asset adoption.
U.S. spot Bitcoin exchange-traded funds (ETFs) are off to a powerful start this October, bringing in $2.71 billion in weekly inflows, according to data from SoSoValue. The surge underscores sustained institutional confidence in Bitcoin, even amid short-term market jitters.
The total assets under management (AUM) for Bitcoin ETFs have now reached $158.96 billion, representing about 7% of Bitcoin’s total market cap. Analysts say this steady inflow suggests investors continue to view Bitcoin as a resilient store of value and a hedge against macroeconomic uncertainty.
Vincent Liu, CIO at Kronos Research, told Cointelegraph that “capital keeps flowing into BTC as allocators double down on the digital gold conviction trade,” emphasizing growing institutional conviction.
Monday Inflows Set Near-Record Levels
The biggest day of the week came on Monday, when Bitcoin ETFs saw a staggering $1.21 billion in net inflows — the second-largest single-day total since U.S. spot Bitcoin ETFs launched. Tuesday followed with another $875.6 million, highlighting the depth of demand from both retail and institutional investors.
By Friday, however, the streak cooled briefly, as $4.5 million in net outflows emerged following comments from President Donald Trump about imposing a 100% tariff on imports from China. Despite this, analysts largely viewed the dip as a short-term reaction rather than a shift in sentiment.
“Trump’s tariff threat looks more like a negotiation tactic than a real policy pivot,” Liu added. “Markets may flinch, but smart money knows the conviction trade remains intact.”
BlackRock Leads While New ETF Filings Surge
BlackRock’s IBIT once again dominated ETF inflows, adding $74.2 million and pushing its total holdings to $65.26 billion. In contrast, Fidelity’s FBTC and Grayscale’s GBTC saw modest outflows of $10.18 million and $19.21 million, respectively.
Meanwhile, the ETF landscape is expanding rapidly. The U.S. Securities and Exchange Commission (SEC) has received 31 new crypto ETF filings in the past two months — 21 of them in early October alone. Analysts describe the trend as the opening of the “ETF floodgates,” with nearly 100 crypto-related products still awaiting review.
Also Read: Whale.io Launches Battlepass Season 3, Featuring $77,000 in Crypto Casino Rewards
Even amid political headlines and global trade uncertainty, Bitcoin ETFs continue to attract billions, reinforcing Wall Street’s growing comfort with digital assets. As “Uptober” momentum builds, investors appear to be positioning for further gains in Bitcoin’s next market cycle.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
