
Bitcoin Etfs Surge $2.7B In 'Uptober' Despite Tariff Worries
- Bitcoin ETF inflows surged to $2.71 billion in the week, marking a strong institutional interest in October. Total assets under management for Bitcoin ETFs now stand at nearly $159 billion, representing about 7% of Bitcoin's market cap. Monday saw the highest single-day inflow at $1.21 billion, the second-largest since launch. Market jitters caused a minor outflow of $4.5 million amid geopolitical tensions involving potential U.S.-China trade tariffs. Over 30 crypto ETF applications have been filed with the SEC in just October, indicating potential for further market expansion.
US spot Bitcoin ETFs experienced another remarkable week, with weekly inflows totaling $2.71 billion, reflecting robust institutional appetite for digital assets. According to data from SoSoValue, the total assets under management (AUM) now reach approximately $159 billion, accounting for nearly 7% of Bitcoin's overall market capitalization.
Vincent Liu, CIO at Kronos Research, remarked,“Capital keeps flowing into BTC as investors reaffirm their belief in digital gold. Liquidity is steadily building, indicating strong market momentum.”
The peak inflow day was Monday, when ETF funds saw a staggering $1.21 billion in net deposits-the second-highest daily total since their inception. Tuesday continued the trend with an additional $875.61 million inflow, further affirming investor confidence.
Spot Bitcoin ETFs see weekly inflows. Source: SoSoValueRelated: DeFi booming as $11B Bitcoin whale stirs 'Uptober' hopes: Finance Redefined
Market Volatility Causes Slight ETF OutflowsOn Friday, Bitcoin ETFs saw a modest net outflow of $4.5 million amid heightened market uncertainty. The trigger appears to be President Donald Trump 's announcement of plans to impose a 100% tariff on Chinese imports, intensifying geopolitical concerns.
Despite this setback, industry giant BlackRock 's IBIT led inflows with $74.2 million on a single day and now manages a total of $65.26 billion. Conversely, Fidelity's FBTC and Grayscale's GBTC recorded outflows of $10.18 million and $19.21 million, respectively.
Liu commented,“Trump 's tariff threat is likely a negotiation tactic rather than a serious policy shift. Markets might react briefly, but savvy investors recognize the macroeconomic noise and remain committed to their long-term conviction.”
Related: Ether ETF inflows, explained: What they mean for traders
Crypto ETF Applications Surge, Signaling Market MaturityOver the past two months, an impressive 31 new crypto ETF applications have been submitted to the U.S. Securities and Exchange Commission (SEC), with 21 filed during just the first week of October. This influx suggests a potential opening of the floodgates for cryptocurrency ETFs in the United States.
Market analysts describe this as a significant step toward mainstream acceptance, with some noting nearly 100 crypto-related products awaiting SEC approval as of late August. Bloomberg's James Seyffart and others believe this momentum could accelerate institutional adoption and boost the overall crypto asset ecosystem.
Related: EU's privacy-killing Chat Control bill delayed - but fight isn't over
Crypto Investing Risk WarningCrypto assets are highly volatile. Your capital is at risk. Don't invest unless you're prepared to lose all the money you invest.
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