Spot Bitcoin ETFs recorded inflows of $134.4 million during the first two trading days of October, propelling Bitcoin above the $85,000 level, according to Decrypt. The surge follows a modest outflow on September 30 and comes amid a weak U.S. jobs report that softened expectations of near‑term Federal Reserve rate hikes.
ETF inflows revive Bitcoin momentum
Investing.com noted that Bitcoin "edges above $85,000" as traders assess the impact of the United States' leveraged‑crypto move. CryptoRank cautioned that the price recovery will need confirmation that ETF investors continued buying after the payroll data were released. Cryptoquant.com reported that U.S. Bitcoin ETFs have accumulated roughly 88,000 BTC since they launched in July, underscoring the growing institutional footprint.
"Spot Bitcoin ETFs took in $134.4 million over the first two trading days of October," Decrypt reported.
The rapid accumulation of assets mirrors a broader trend of renewed confidence in regulated crypto products after a period of outflows in late September. The inflows are also being compared with other crypto‑focused ETFs; 247WallSt highlighted that XRP ETFs have attracted $1.79 billion in capital but currently sit at $1.66 billion under management, making them the only major crypto ETFs that remain underwater.
Institutional participation expands beyond Bitcoin
BlackRock's iShares Bitcoin Trust (IBIT) posted a single‑day inflow of $196 million, the largest daily intake among the surveyed funds, as 247WallSt reported. By contrast, Fidelity's Fidelity Bitcoin Trust (FBTC) recorded only one positive net‑flow day during the same week, indicating divergent performance among the leading Bitcoin products.
These figures suggest that while Bitcoin remains the primary focus, investors are also testing exposure to other digital assets through ETF structures. The contrasting performance of XRP ETFs—still underwater despite sizable capital—highlights the varying risk appetites and market perceptions across the crypto sector.
Market backdrop and future catalysts
The recent price rally unfolds against a backdrop of macro‑economic data that has softened expectations of aggressive monetary tightening. A soft jobs report released on September 30 reduced the probability of an imminent Fed rate hike, providing a more accommodative environment for risk assets, including cryptocurrencies.
ForkLog observed that Bitcoin posted its best third‑quarter performance since 2017, a milestone that reflects both the ETF inflows and broader market optimism. However, the publication also warned that operational incidents—such as MetaMask’s temporary removal of validators after a staking glitch—remain a reminder of the technical risks inherent to the ecosystem.
Analysts will watch upcoming payroll figures and any further guidance from the Federal Reserve for clues on whether the current bullish momentum can be sustained. For now, the combination of strong ETF inflows, institutional endorsement, and a softer macro backdrop has positioned Bitcoin at a critical juncture, with the $85,000 level serving as a key psychological and technical benchmark.
Market Snapshot
| Asset | Price | 24h | Market Cap |
|---|---|---|---|
 Bitcoin BTC | $85,908 | +1.43% | $1726.2B |
 Ethereum ETH | $2,705 | +0.69% | $330.3B |
 BNB BNB | $792.2 | +0.92% | $105.5B |
 XRP XRP | $1.51 | +1.44% | $95.3B |
 Solana SOL | $121.46 | +1.51% | $71.5B |
 Dogecoin DOGE | $0.0967 | +4.05% | $15.1B |
 Cardano ADA | $0.252 | +2.77% | $9.5B |
Live data: CoinGecko — 2026-10-04 21:22 UTC
