Bitcoin ETFs Dey Draw $2.71B Weekly Inflows, AUM Reach $159B
Spot Bitcoin ETFs collect $2.71 billion inflows last week, carry assets under management (AUM) reach $158.96 billion—about 7% of Bitcoin market cap. Money come mostly Monday ($1.21 billion) and Tuesday ($875.6 million), small $4.5 million waka Friday after U.S.–China tariff talk. BlackRock IBIT lead with $74.2 million net inflow. Fidelity FBTC and Grayscale GBTC get outflows, $10.18 million and $19.21 million respectively. In two months, SEC get 31 crypto ETF applications, including 21 for first eight days October—show "Uptober" momentum. If ETF inflow steady, e fit boost spot Bitcoin demand, make market liquid well, and support price find. Traders suppose watch SEC approvals and inflow trend as main drivers for near and medium market move.
Bullish
Record continue to dey enter inside spot Bitcoin ETFs, as AUM dey increase and plenty SEC applications dey show say institutional demand strong. For short term, big ETF inflows fit make spot buying increase, supply tight and price go rise. For medium to long term, more ETF approvals and more institutional involvement go help improve liquidity and make price clearer, supporting continuous bullish trend. The small tariff-driven outflow quick quick reverse, e show say demand strong well well.