Key Takeaways
U.S. bitcoin exchange-traded funds pulled in over $241 million last week, marking a third consecutive week of positive net inflows.
According to Bitcoin Magazine, U.S. spot bitcoin exchange-traded funds took in over $241 million last week, marking the third consecutive week of positive net inflows. Farside Investors data shows money entered the funds daily, except on Wednesday when speculators withdrew nearly $149 million. BlackRock’s iShares Bitcoin Trust captured the majority of investment by receiving over $450 million in fresh cash, while funds managed by Fidelity and Morgan Stanley also saw significant trading action and inflows.
Bitcoin Magazine reported that the leading cryptocurrency’s price was recently at $85,605, up close to 7% over a 30-day period. The asset's price has previously benefited from the debasement trade and U.S. Treasury debt repurchases. CryptoQuant stated in a September report that bitcoin returned to a bull market after crossing above its 365-day moving average. Last October, the asset's price touched a record of $126,080 before sliding after a liquidation event, and the cryptocurrency has spent most of 2026 in a bear market. October has historically provided bitcoin investors with good returns, and current ETF buyers are helping the legendary month get off to a positive start.
Source & Fact-Check Note
https://bitcoinmagazine.com/news/bitcoin-etfs-bring-in-241-million-uptober
