Bitcoin hits all-time high
US spot funds for bitcoin and ethereum attracted over $4.5 billion in a week, marking the strongest signal of renewed interest from institutional and retail investors. The inflow surge coincided with bitcoin reaching a new all-time high above $125,000, supported by record trading volumes.
ETFs record largest inflows since late 2024
Weekly inflow into bitcoin ETFs
According to SoSo Value, bitcoin funds alone received about $3.2 billion in net investments — the second highest result ever after the November 2024 peak ($3.37 billion).
Trading activity also jumped: total ETF trading volume reached $26 billion for the week, indicating a return of liquidity and market participants’ confidence.
The leader in inflows was BlackRock iShares Bitcoin Trust (IBIT) with $1.78 billion, followed by Fidelity FBTC with $692 million, Ark 21Shares with $254 million, and Bitwise with $212 million.
The growing interest in regulated products reflects a structural shift: institutions are returning to digital assets, and retail investors once again see ETFs as a safe way to join the rally.
Ethereum funds follow suit
Ethereum funds mirrored the dynamics of bitcoin ETFs, attracting $1.29 billion in inflows with weekly trading volumes near $10 billion.
The main driver was BlackRock ETHA with $687 million, followed by Fidelity with $305 million, Grayscale with $175 million, and Bitwise with $83 million.
Analysts note that investors are acting strategically — diversifying positions and betting on a market-wide recovery rather than the growth of a single asset.
Institutions drive the market again
The combined inflows into bitcoin and ethereum made last week one of the most active in recent months. According to 10x Research, the scale of capital movement points to ‘deep structural changes’ in institutional strategies.
‘Behind the scenes, billions of dollars are being redistributed through ETFs and there is a quiet shift in the behavior of large investors. All this is creating a more sustainable foundation for a new growth cycle,’ the company’s analysts note.
At the same time as demand grows, macro factors have become more influential: improved Fed rate expectations, mild inflation, and new tax breaks for corporate treasuries have fueled interest in digital assets.
A new cycle begins
Bitcoin’s new all-time high has become a symbol of a new wave of interest in the crypto market. According to experts, this is no longer about short-term speculative growth, but the beginning of a fundamental capital shift from traditional instruments to digital ones.
ETFs act as a catalyst for this process — they make the market accessible to conservative investors and increase transparency. If the current trend continues, October may truly live up to the nickname ‘Uptober’, becoming the start of a new bull cycle.
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