Bitcoin ETFs Maintain Strong Performance
Recent data reveals that US spot Bitcoin ETFs have reached significant inflows amounting to $2.71 billion for the past week, underscoring continued institutional interest amid market fluctuations triggered by political statements.
According to SoSoValue, the total assets managed by Bitcoin ETFs increased to $158.96 billion by Friday, representing close to 7% of Bitcoin’s entire market cap.
“Capital keeps flowing into BTC as allocators double down on the digital gold conviction trade. Liquidity is building now as the market momentum takes shape.”
— Vincent Liu, Chief Investment Officer at Kronos Research
Notably, the peak performance came on Monday with inflows of $1.21 billion, marking it as the second-largest single-day inflow since these products began. On Tuesday, inflows remained robust at $875.61 million.
Spot Bitcoin ETFs inflows
Spot Bitcoin ETFs see weekly inflows. Source: SoSoValue
Recent Outflows Amid Political News
However, Bitcoin ETFs faced a $4.5 million net outflow on Friday, following President Trump’s decision to implement a 100% tariff on Chinese imports.
BlackRock’s IBIT led with inflows of $74.2 million for the day, totaling $65.26 billion cumulatively. Conversely, Fidelity’s FBTC and Grayscale’s GBTC experienced outflows of $10.18 million and $19.21 million, respectively.
“Trump’s tariff threat looks more like a negotiation tactic than a policy pivot, classic pressure play,” Liu added. “Markets may flinch short term, but smart money knows the game: macro noise, conviction unchanged.”
Surge in ETF Applications
Additionally, the last two months saw 31 crypto ETF applications submitted to the US SEC, with 21 filed in the first eight days of October alone. Analysts foresee this as a potential indicator of a broader acceptance of crypto ETFs, as noted by Bloomberg’s James Seyffart, who remarked that approximately 100 crypto-related products are awaiting SEC decisions.
