Bitcoin ETFs Fuel 'Uptober' Rally with Staggering $241M Inflow!
U.S. Bitcoin ETFs saw over $241 million in inflows last week, marking the third consecutive week of positive sentiment and helping sustain the cryptocurrency's price. BlackRock, Fidelity, and Morgan Stanley funds experienced significant activity, propelling Bitcoin to nearly 7% growth over 30 days. This surge, coinciding with "Uptober," signals a potential return to a bull market according to recent analyses.
Investors channeled over $241 million into U.S. bitcoin exchange-traded funds (ETFs) last week, marking the third consecutive week of positive inflows. This sustained investor interest has been instrumental in supporting the leading cryptocurrency’s price as the industry enters “Uptober,” a period historically associated with favorable returns.
Data from Farside Investors revealed consistent daily inflows into these popular funds, with the sole exception of one Wednesday, when speculators withdrew nearly $149 million. Despite this isolated outflow, Bitcoin’s price recently stood at $85,605, reflecting an approximate 7% increase over a 30-day period.
BlackRock’s iShares Bitcoin Trust captured the largest share of this investment, attracting over $450 million in new capital last week. Funds managed by Fidelity and Morgan Stanley also experienced significant trading activity and positive inflows, highlighting a broad-based engagement from investors. The acquisition of shares in U.S. Bitcoin ETFs often provides a boost to Bitcoin’s price, as these funds offer investors an accessible way to gain exposure to the digital asset through their existing brokerage accounts.
Bitcoin’s price rally commenced in August, following the U.S. Treasury Department's announcement to more than double the size of its government debt repurchases. This development contributed to Bitcoin’s strongest performance in three years and its third-best August on record. Additionally, the cryptocurrency’s price benefited from the “debasement trade,” a strategy employed by investors to hedge against currency devaluation, particularly as the dollar’s value declined in August.
The positive momentum continued through September, with Bitcoin's price rising nearly 6% over a 30-day span. The third quarter of this year (2026) proved to be Bitcoin's most successful three-month period since 2024. The “Uptober” phenomenon, renowned for its historical delivery of good returns for Bitcoin investors, has indeed started on a promising note.
Further bolstering the optimistic sentiment, data firm CryptoQuant issued a report in September stating that Bitcoin had re-entered a bull market. This assessment was based on Bitcoin's price surpassing its 365-day moving average, a metric CryptoQuant identifies as the “definitive technical signal” that has consistently marked the beginning of the asset’s rallies in past cycles. It is noteworthy that Bitcoin’s price reached a record high of $126,080 in October last year (2025) before a substantial liquidation event, and the cryptocurrency had spent most of 2026 in a bear market prior to these recent positive developments.