In a notable development, investors acquired over $241 million in U.S. bitcoin exchange-traded funds (ETFs) during the past week, marking the third consecutive week of inflows that have contributed to the stability in the price of the leading cryptocurrency at the onset of what is referred to as “Uptober.”
According to data from Farside Investors, capital flow into these popular funds occurred daily, with the exception of Wednesday, when speculators withdrew approximately $149 million from the investment vehicles.
Currently, the price of bitcoin has increased by nearly 7% over the last 30 days and stands at approximately $85,605.
JUST IN: U.S. Spot Bitcoin ETFs took in $241.1 million last week, completing the third consecutive week of positive net inflows
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— Bitcoin Magazine (@BitcoinMagazine) October 5, 2026
Notably, BlackRock’s iShares Bitcoin Trust garnered the majority of investments last week, attracting over $450 million in new funds.
Additionally, funds managed by Fidelity and Morgan Stanley also experienced significant trading activity and inflows.
It is widely acknowledged that Bitcoin’s price tends to benefit from increased investments in U.S. ETFs, as these funds provide investors with streamlined exposure to the cryptocurrency through shares available for purchase via brokerage accounts.
The surge in Bitcoin’s price began in August, following the announcement by the U.S. Treasury Department to significantly increase its government debt repurchases. Consequently, Bitcoin recorded its best performance in three years and marked one of its most successful Augments on record.
Recently, the cryptocurrency has capitalized on what is termed the debasement trade, wherein investors acquire specific assets to protect against potential currency devaluation; this trend coincided with a decline in the dollar’s value throughout August.
September also proved favorable, with Bitcoin appreciating nearly 6% over a 30-day period.
In the third quarter, Bitcoin experienced its most beneficial three-month span since 2024.
As of now, October — often referred to as “Uptober” — has started favorably, with historical data suggesting the month typically yields strong returns for Bitcoin investors.
Recent analysis from the data firm CryptoQuant indicates that Bitcoin has re-entered a bull market, having surpassed its 365-day moving average, which the firm identifies as a critical technical signal signifying the commencement of previous asset rallies.
Last October, Bitcoin achieved an all-time high of $126,080 before experiencing a subsequent decline precipitated by a significant liquidation event. The cryptocurrency has primarily resided in a bear market throughout 2026.
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