Bitcoin ETFs See $134 Million Inflow as ‘Uptober’ Begins
Bitcoin ETFs — Spot Bitcoin exchange-traded funds (ETFs) recorded a net inflow of $134.4 million over the first two trading days of October, marking a positive start to the month often referred to as ‘Uptober’ by crypto traders.
The inflows, reported on October 4, 2026, represent a rebound from a net outflow recorded on September 30. Market analysts cited a weaker-than-expected U.S. jobs report as a key factor, as it cooled investor expectations for further Federal Reserve interest rate hikes.
Bitcoin’s price traded above $86,000, showing modest gains alongside the positive ETF flow data. The broader crypto market also saw green, with major assets like Ethereum and Solana posting increases.
The renewed institutional demand suggests a shift in sentiment following recent outflows, with traders watching macroeconomic data for further cues on monetary policy and its impact on digital asset markets.
Original reporting: Decrypt