Bitcoin ETFs attract $134 million as “Uptober” gets off to a positive start
Spot Bitcoin ETFs in the U.S. recorded $134.4 million in net inflows during the first two trading sessions of October, including $102.7 million on Oct. 1 and $31.7 million on Oct. 2, giving “Uptober” a positive opening.
The inflows came after Bitcoin ETFs saw $148.7 million in outflows on Sept. 30, ending a nine-session inflow streak. Despite that, September remained strong, with ETFs attracting roughly $2.65 billion, their second-highest monthly inflow since October 2025.
Market sentiment was also supported by weaker-than-expected U.S. jobs data. The economy added just 29,000 jobs in September, while the probability of a Fed rate hike in October, according to CME FedWatch, fell sharply from 70% to 14%.
Bitcoin briefly climbed to $87,173, approaching its September high of $87,354. However, caution remains, with Myriad data showing only a 7% probability of BTC reaching a new all-time high in 2026.
Spot Bitcoin ETFs in the U.S. recorded $134.4 million in net inflows during the first two trading sessions of October, including $102.7 million on Oct. 1 and $31.7 million on Oct. 2, giving “Uptober” a positive opening.
The inflows came after Bitcoin ETFs saw $148.7 million in outflows on Sept. 30, ending a nine-session inflow streak. Despite that, September remained strong, with ETFs attracting roughly $2.65 billion, their second-highest monthly inflow since October 2025.
Market sentiment was also supported by weaker-than-expected U.S. jobs data. The economy added just 29,000 jobs in September, while the probability of a Fed rate hike in October, according to CME FedWatch, fell sharply from 70% to 14%.
Bitcoin briefly climbed to $87,173, approaching its September high of $87,354. However, caution remains, with Myriad data showing only a 7% probability of BTC reaching a new all-time high in 2026.