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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 Draw $134 Million as 'Uptober' Begins

What happened: US spot Bitcoin ETFs saw $134.

Bitcoin ETFs Draw $134 Million as 'Uptober' Begins

What happened: US spot Bitcoin ETFs saw $134.4 million in net inflows over the first two trading days of October ($102.7M on October 2 and $31.7M on October 3), rebounding from a $148.7 million outflow on September 30. Cumulative net inflows since ETF launch now total $58.1 billion, with net assets at $101.1 billion. The inflows coincided with a weaker-than-expected US jobs report (+29,000 jobs, 4.2% unemployment), which sharply reduced the CME's odds of an October Fed rate hike from 70% to 14%.

Why it matters: The ETF inflow reversal suggests renewed institutional confidence in Bitcoin, even as macroeconomic uncertainty persists. However, prediction markets on Myriad assign a 93% probability that Bitcoin will not set a new all-time high in 2026, tempering bullish sentiment. October has historically been a strong month for Bitcoin, averaging an 18% gain over the past decade, but the data points to cautious optimism rather than euphoria.

Source: Decrypt