- U.S. spot Bitcoin ETFs saw $2.71 billion in new inflows over the past week.
- Total assets managed by Bitcoin ETFs reached $158.96 billion, about 7% of Bitcoin’s overall market value.
- Monday marked the strongest inflow day of the week, with $1.21 billion added to Bitcoin ETFs.
- Friday brought a net outflow of $4.5 million after a U.S. tariff announcement, but BlackRock’s fund still saw the highest inflows.
- There have been 31 new crypto ETF applications submitted to the U.S. Securities and Exchange Commission in the last two months.
U.S. spot Bitcoin exchange-traded funds (ETFs) continued to attract significant institutional interest throughout the week. These funds raised $2.71 billion in new inflows during the latest week of trading, according to data from SoSoValue.
Total assets under management for Bitcoin ETFs climbed to $158.96 billion by Friday, representing nearly 7% of the total market capitalization of Bitcoin. The largest single-day inflow this week reached $1.21 billion on Monday, marking the second-highest daily inflow since these investment products began trading. On Tuesday, net inflows totaled $875.61 million.
Vincent Liu, chief investment officer at quantitative trading firm Kronos Research, stated, “Capital keeps flowing into BTC as allocators double down on the digital Gold conviction trade. Liquidity is building now as the market momentum takes shape.” On Friday, however, Bitcoin ETFs experienced a net outflow of $4.5 million following an announcement from former President Donald Trump about potential 100% tariffs on imports from China.
BlackRock’s IBIT led all spot Bitcoin ETFs with $74.2 million in daily inflows and $65.26 billion in total assets, while Fidelity’s FBTC and Grayscale’s GBTC reported outflows of $10.18 million and $19.21 million, respectively. Liu commented on the tariff announcement, saying, “Trump’s tariff threat looks more like a negotiation tactic than a policy pivot, classic pressure play. Markets may flinch short term, but smart money knows the game: macro noise, conviction unchanged.”
The recent momentum in “Uptober” has driven a surge of interest in crypto ETFs, with 31 applications recently submitted to the U.S. Securities and Exchange Commission (SEC). Of these, 21 applications came in the first eight days of October. Analysts describe the current environment as potentially opening the “floodgates” for new crypto-related listings, with nearly 100 applications awaiting decisions from U.S. regulators as of late August.
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