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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

Oct 5: Bitcoin ETFs Attract $134M as 'Uptober' Begins, Despite Weak Jobs Data

Armada XRPN SPAC Surges 273% Ahead of Evernorth XRP Treasury Merger · Strategy Buys 334 BTC for $28.7M, Total Holdings Now 848,000 BTC · AI Slowdown Could Trigger $1.2T Capex Crunch, Warns IMF and Fitch

Oct 5: Bitcoin ETFs Attract $134M as 'Uptober' Begins, Despite Weak Jobs Data

Market Snapshot

  • Bitcoin (BTC): $85,904 (+0.91%)
  • Ethereum (ETH): $2,711.05 (+0.59%)
  • Solana (SOL): $120.35 (-0.78%)
  • ETF Inflows: Spot Bitcoin ETFs attracted $134.4 million in the first two trading days of October, reversing a late September outflow.

Top Stories

Key Takeaways

  • Strategy’s bitcoin accumulation now represents a significant share of total supply, amplifying both influence and risk.
  • ETF inflows remain a crucial support for bitcoin prices, but are increasingly concentrated in a few products, raising questions about market breadth.
  • SPAC-driven crypto treasury deals can generate outsized short-term gains, but structural risks remain high post-merger.
  • AI investment is a double-edged sword: while fueling GDP growth, a sudden slowdown could trigger a global recession, according to major institutions.

What to Watch

All eyes are on the closing of the Evernorth-XRPN merger and its Nasdaq debut on October 8, which will test market appetite for large-scale crypto treasury vehicles. In macro, investors are watching for further ETF inflow data and any Fed commentary in response to mixed U.S. jobs numbers. On the AI front, regulatory developments and capex guidance from major hyperscalers will shape sentiment as the debate over the pace of innovation intensifies.