Billions Return To US Crypto ETFs As Bitcoin Hits New All-Time High

Core Insights - US-listed spot Bitcoin and Ethereum ETFs have seen a resurgence in investor interest, with over $4.5 billion in net inflows last week, marking a significant turnaround from previous outflows [1][2] - October is historically known as "Uptober" for its bullish performance in the crypto market, setting a positive tone for the month [1] Bitcoin ETF Performance - Bitcoin ETFs accounted for approximately $3.2 billion in net inflows, the second-largest weekly total on record, just behind the $3.37 billion peak in November 2024 [2] - ETF trading volumes surged to around $26 billion, indicating stronger investor participation and renewed confidence in the market [2] Leading Funds - BlackRock's iShares Bitcoin Trust (IBIT) led the inflows with $1.78 billion, followed by Fidelity's FBTC at $692 million, Ark 21Shares at $254 million, and Bitwise at $212 million [3] Ethereum ETF Performance - Ethereum ETFs attracted $1.29 billion in inflows, with nearly $10 billion in weekly trading volume [4] - BlackRock's ETHA fund led Ethereum inflows with $687 million, followed by Fidelity's $305 million, Grayscale's $175 million, and Bitwise's $83 million [4] Market Sentiment - The inflows suggest a broader market recovery as investors are looking beyond individual assets [5] - Institutional demand is returning to digital assets, indicating a potential early upside as macro sentiment stabilizes [6] Price Movements - Renewed optimism has driven Bitcoin to a new all-time high above $125,000, suggesting that ETF-driven demand may be establishing a base for a new market cycle [7][8] Structural Support - The scale of inflows is unprecedented, with shifts in institutional allocation strategies indicating deeper structural support compared to previous rallies [8] - Regulatory changes, including new tax guidance, are also contributing to the positive sentiment in the market [9]