- U.S. Bitcoin ETFs saw $3.24 billion in inflows, marking their second-highest week since November’s $3.38 billion record.
- BlackRock’s IBIT fund led with $1.8 billion in inflows, followed by Fidelity’s FBTC and ARK 21Shares’ ARKB.
- Bitcoin hit a new high above $125,000, fueled by inflation, a weak dollar, and rising institutional demand.
U.S. spot Bitcoin exchange-traded funds witnessed a surge in investor activity last week, recording $3.24 billion in net inflows, according to data from SoSoValue. This total represents the second-largest weekly inflow since November’s $3.38 billion record, signaling renewed optimism among institutional and retail investors.
During the week of September 29 to October 3, BlackRock’s iShares Bitcoin Trust (IBIT) attracted the most capital, pulling in more than $1.8 billion. Fidelity’s FBTC followed with $691.9 million, underscoring continued investor confidence in major asset managers leading the Bitcoin ETF space.
Additionally, ARK 21Shares’ ARKB recorded $254.5 million in inflows, while Bitwise’s BITB drew $211.9 million. Other Bitcoin ETFs, including BTC, HODL, GBTC, BTCO, and EZBC, collectively accumulated $261.3 million. The consistent rise in inflows across multiple funds highlights growing institutional participation and rising confidence in regulated crypto investment vehicles.
Ethereum ETFs Rebound with Strong Inflows
The good tide did not stop with Bitcoin, and ETFs based on Ethereum also recovered. Meanwhile, Ethereum funds as a unit were raising $1.3 billion in inflows. The group was topped by BlackRock ETF, which had 687 million, and then Fidelity with 305 million. Grayscale and Bitwise contributed to $175m and 83m, respectively.
This change is the opposite of the trends of outflow in recent years, which means that investors are returning to the crypto market before October, a month that is traditionally linked to a high level of performance of digital assets.
The massive inflows into the ETFs of Bitcoin led to a new Bull market that saw Bitcoin rise to a new all-time high of more than 125,500. At the time of press, Bitcoin was trading at approximately 123,753, which is an increase of 10.6% in a week.
The market observers attribute this trend to a convergence of macroeconomic forces such as inflation, currency devaluation, and geopolitical uncertainty. All these have heightened the investor interest in Bitcoin as a hedge, which has enhanced the anticipation that the asset may continue gaining momentum to reach to $150,000 in the coming years.
