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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/05/2026

Bitcoin ETFs Attract $134M as 'Uptober' Begins, Despite Weak Jobs Data

What happened: Spot bitcoin ETFs saw net inflows of $134.

Bitcoin ETFs Attract $134M as 'Uptober' Begins, Despite Weak Jobs Data

What happened: Spot bitcoin ETFs saw net inflows of $134.4 million over the first two trading days of October, bouncing back from a $148.7 million outflow on September 30. September’s total net inflows reached $2.65 billion, with cumulative ETF inflows since launch at $58.1 billion and total net assets at $101.1 billion. The rebound coincided with a weaker-than-expected U.S. jobs report (+29,000 payrolls vs. 84K–95K consensus, unemployment up to 4.2%), which cooled expectations for a near-term Fed rate hike.

Why it matters: ETF inflows are a key driver of bitcoin’s price resilience, especially as traditional macro data turns mixed. However, inflows are increasingly concentrated in BlackRock’s IBIT, which took in $196 million on October 1 alone, while other funds saw outflows. Analyst consensus is cautious: prediction markets assign a 93% probability that bitcoin will not reach a new all-time high in 2026, despite October’s historical average gain of 18%.

Source: Decrypt