US spot Bitcoin ETFs took in $102.7 million on Thursday, October 1, the first trading day of the month. That reversed Wednesday's $148.7 million outflow. Net assets rose to $109.3 billion, an
US spot Bitcoin ETFs took in $102.7 million on Thursday, October 1, the first trading day of the month. That reversed Wednesday's $148.7 million outflow. Net assets rose to $109.3 billion, and cumulative net inflows reached $57.6 billion, according to SoSoValue.
The inflow follows the strongest quarter of 2026 for these funds. Third-quarter net inflows totaled $6.34 billion, including $2.65 billion in September. Bitcoin rose 42.71% over the same period, and traders now watch whether October's reputation as a strong month, "Uptober", holds.
Friday's session was more mixed. The September jobs report showed only 29,000 new jobs, far below forecasts, and Bitcoin touched $87,085. It then fell back to about $84,500 as roughly $433 million in leveraged positions were liquidated.
Early Friday tallies put Bitcoin ETF inflows near $32 million, with Fidelity supplying most of it. That is a sharp slowdown from Thursday. The Fear & Greed Index sits at 72, still in "Greed" territory.
Other ETFs were weaker. Ether funds lost $55.4 million Thursday, their third straight day of outflows, totaling about $118 million. Solana funds shed $6 million, while XRP funds gained $4 million.
The ETF story begins in October 2025. Funds drew $3.42 billion that month as Bitcoin hit a record near $126,000. Prices then fell, and flows turned uneven for most of 2026.
A brief recovery came in March, when inflows ran seven straight days and added about $1.2 billion. Total ETF assets then stood at $96.7 billion. The run was the longest since October 2025, but far smaller than the roughly $6 billion that streak had drawn.
Demand returned in August. Bitcoin jumped from near $63,000 to above $78,000 in one week, and ETFs took in $1.92 billion, their best week since October 2025. August closed at $3.52 billion in inflows, a 2026 high. Even then, the funds were still $2.91 billion in the red for the year.
September began with a $730.9 million inflow on September 3, the largest since February. A strong August jobs report the next day lifted rate-hike fears, and Bitcoin slipped below $80,000. The funds still added $2.65 billion over the month.
Inflows have not pushed Bitcoin much higher. Since September 21, the price has stayed between about $83,500 and $86,600. Resistance near $87,000 has capped Bitcoin for much of the year, and it rejected the price again Friday.
The Federal Reserve explains much of this. Markets spent weeks pricing in a possible rate hike, and bond yields reached 24-year highs. Higher yields make Bitcoin less attractive to hold.
Friday's weak jobs data changed that. CME FedWatch odds of an October hike fell to 14% from 70% earlier in the week. Prediction markets now give about 80% odds that the Fed holds rates on October 28.
The bullish case is clear. ETF assets stand at $109.3 billion, rate-hike odds have dropped, and buyers returned after Wednesday's outflow. The funds have also taken in more than $11 billion over the past four months.
The risks are just as real. Weak hiring can mean a cooling economy, and revisions erased 60,000 jobs from earlier months. Bitcoin remains about a third below its October 2025 record, and Friday's gains vanished within hours.
Flows also look thin compared with the last peak. The October 2025 run drew about $6 billion in a few weeks, while this recovery has been steadier and smaller. Outflows from Ether and Solana funds show that appetite for crypto ETFs is not broad.
The next test is the $87,400 level, the ceiling Bitcoin failed to clear Friday. If daily ETF inflows hold above $100 million, a breakout becomes more likely. A string of outflows would point to another stall.
Two dates matter most. US inflation data arrives October 14, and the Fed meets October 28. A cool inflation reading and a rate hold would support further gains. Hotter data would revive hike fears and test the ETF demand that built up over the summer.
