Bitcoin ETFs Draw $2.71B Weekly Inflows, AUM Hits $159B
Spot Bitcoin ETFs attracted $2.71 billion in inflows last week, lifting assets under management (AUM) to $158.96 billion—about 7% of Bitcoin’s market cap. Inflows were front-loaded on Monday ($1.21 billion) and Tuesday ($875.6 million), with a brief $4.5 million outflow on Friday after U.S.–China tariff comments. BlackRock’s IBIT led with a $74.2 million net inflow, while Fidelity’s FBTC and Grayscale’s GBTC saw outflows of $10.18 million and $19.21 million respectively.
Over the past two months, the SEC has received 31 crypto ETF applications, including 21 in the first eight days of October—underscoring “Uptober” momentum. Sustained ETF inflows may bolster spot Bitcoin demand, improve market liquidity, and support price discovery. Traders should monitor pending SEC approvals and inflow trends as key drivers of near- and medium-term market momentum.
Bullish
Continued record inflows into spot Bitcoin ETFs, rising AUM and a surge in SEC applications point to strong institutional demand. In the short term, hefty ETF inflows are likely to increase spot buying, tighten supply and support upward price momentum. Over the medium to long term, broader ETF approvals and heightened institutional participation should enhance liquidity and price discovery, underpinning a sustained bullish trend. The brief tariff‐driven outflow was quickly reversed, highlighting demand resilience.