'Uptober' Starts Green as Bitcoin ETFs Draw $134 Million

U.S. spot Bitcoin exchange-traded funds posted $134.4 million in net inflows over the first two trading days of October, according to Decrypt's tracker. The inflows followed a $148.7 million outflow on Sept. 30 that ended a nine-session inflow streak for the funds.

By AI Newsroom· Reviewed by Pranav, Founder & Editor-in-ChiefPublished about 1 hour agoUpdated about 1 hour ago0 views

'Uptober' Starts Green as Bitcoin ETFs Draw $134 Million

Why It Matters

The early-month inflows coincide with a softer U.S. jobs report that reduced market odds of an October Fed rate hike, a development that often supports risk assets such as Bitcoin. The flows and macro data will be watched ahead of upcoming CPI and Fed meetings this month.

Key Facts

October net inflows (Oct. 1-2): $134.4 million
Daily breakdown: $102.7 million on Thursday; $31.7 million on Friday
Sept. 30 outflow: $148.7 million
September total inflows: $2.65 billion (second-best month since Oct. 2025)
Cumulative ETF net inflows since launch: $58.1 billion

U.S. spot Bitcoin ETFs opened October with $134.4 million in net inflows after taking in $102.7 million on Thursday and $31.7 million on Friday, per Decrypt's Bitcoin ETF tracker. The two-day green start followed a $148.7 million withdrawal on Sept. 30 that ended a nine-session inflow streak that began Sept. 17.

Market participants cited Friday's U.S. jobs report as a catalyst for the inflows. The Bureau of Labor Statistics reported the economy added 29,000 jobs in September and the unemployment rate rose to 4.2%. After the release, CME FedWatch odds of an October rate increase fell to 14% from about 70% earlier in the week, easing near-term hawkish pressure on the Federal Reserve and generally supporting risk assets.

Bitcoin price action mirrored the cautious optimism: the token briefly tested $87,173 on Friday, just under its September high of $87,354, before retreating to roughly $85,000 on Sunday morning, up 0.5% over 24 hours according to CoinGecko. Despite the early October inflows, year-to-date ETF net inflows remain below $1 billion following significant outflows earlier in the year.

Since their launch, spot Bitcoin ETFs have accumulated $58.1 billion in net inflows and hold about $101.1 billion in net assets per Decrypt's tracker. Market participants remain divided on the near-term trajectory: prediction-market traders on Myriad place a 93% probability that Bitcoin will not reach a new all-time high in 2026. Key forthcoming data points include September's CPI report on Oct. 14 and the Federal Reserve meeting on Oct. 28, which could influence flows and price moves later in the month.