The U.S. spot Bitcoin ETF continues to maintain strong momentum during "Uptober" (referring to the phenomenon of strong Bitcoin market performance in October), with weekly net inflows reaching $2.71 billion, further highlighting the strong demand from institutional investors.
According to SoSoValue data, as of Friday, the total assets under management for Bitcoin ETFs increased to $158.96 billion, accounting for approximately 7% of Bitcoin's total market capitalization.
Vincent Liu, Chief Investment Officer of Kronos Research, stated in an interview with Cointelegraph: "Funds are continuously flowing into Bitcoin, and asset allocators remain optimistic about Bitcoin as digital gold. Market liquidity is continuously improving, and investment momentum is gradually emerging."
This week, the highest single-day net inflow for spot Bitcoin ETFs occurred on Monday, with fund net inflows reaching $1.21 billion, marking the second-highest single-day net inflow since the product's launch. On Tuesday, net inflows also reached $875.61 million.
On Friday, due to President Donald Trump's confirmation of imposing a 100% tariff on Chinese imports, market volatility led to a net outflow of $4.5 million from Bitcoin ETFs.
Specifically, BlackRock's IBIT led the market with a single-day net inflow of $74.2 million and a total of $65.26 billion in assets under management; Fidelity's FBTC and Grayscale's GBTC experienced net outflows of $10.18 million and $19.21 million, respectively.
Liu believes that Trump's tariff threat is more of a negotiation strategy rather than a policy shift, typical of pressure tactics. Although the market may experience short-term volatility, professional funds understand the underlying logic and view this as macro-level noise, with their investment conviction unchanged.
In the past two months, the U.S. Securities and Exchange Commission (SEC) has received 31 applications for crypto ETFs, with 21 submitted in just the first eight days of October.
Analysts believe this moment may serve as an opportunity for the "floodgates" of crypto ETFs to open. According to Bloomberg's James Seyffart, as of late August, nearly 100 crypto-related products are awaiting SEC decisions.
Related: Economists say that if history repeats itself, Bitcoin (BTC) could rebound by up to 21% within seven days after a decline.
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