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    Bitcoin ETFs Garner $2.7B in ‘Uptober’ Amidst Tariff Concerns

    Ethan CarterBy No Comments2 Mins Read
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    US spot Bitcoin exchange-traded funds (ETFs) maintained their impressive “Uptober” performance with $2.71 billion in weekly inflows, indicating robust institutional demand.

    As per data from SoSoValue, total assets under management for Bitcoin ETFs rose to $158.96 billion as of Friday, accounting for nearly 7% of Bitcoin’s overall market capitalization.

    “Capital keeps streaming into BTC as allocators invest further in the digital gold conviction trade. Liquidity is building now as the market momentum shapes up,” stated Vincent Liu, chief investment officer at quantitative trading firm Kronos Research, in an interview with Cointelegraph.

    The peak day of the week for spot Bitcoin ETFs occurred on Monday, when funds witnessed a substantial $1.21 billion in net inflows, marking the second-largest single-day inflow since these products debuted. The funds also experienced strong inflows of $875.61 million on Tuesday.

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    Spot Bitcoin ETFs see weekly inflows. Source: SoSoValue

    Related: DeFi thriving as $11B Bitcoin whale ignites ‘Uptober’ optimism: Finance Redefined

    Bitcoin ETFs see $4.5 million outflow

    On Friday, Bitcoin ETFs recorded a $4.5 million net outflow due to market apprehensions after President Donald Trump announced a 100% tariff on imports from China.

    BlackRock’s IBIT led the market with $74.2 million in daily inflows and $65.26 billion in cumulative totals. Meanwhile, Fidelity’s FBTC and Grayscale’s GBTC saw outflows of $10.18 million and $19.21 million, respectively.

    “Trump’s tariff threat appears more as a negotiation tactic than a policy shift, a classic pressure play,” Liu remarked. “Markets may react in the short term, but informed investors understand the situation: macro noise, conviction remains unchanged,” he added.

    Related: Ether ETF inflows, explained: What they mean for traders

    “Uptober” sparks ETF rush amid 31 filings

    In the last two months, 31 crypto ETF applications have been filed with the US Securities and Exchange Commission (SEC), 21 of which were submitted in the initial eight days of October.