'Uptober' Starts Green as Bitcoin ETFs Draw $134 Million — SkimNews
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- U.S. spot Bitcoin ETFs drew $102.7 million on Thursday and $31.7 million on Friday, totaling $134.4 million in net inflows to open October, per Decrypt's tracker.
- September's ETF flows totaled $2.65 billion in net inflows — the second-best month since October 2025 — though the month closed with a $148.7 million outflow on Sept. 30 that snapped a nine-session streak.
- Friday's jobs report showed the U.S. economy added just 29,000 jobs with the unemployment rate rising to 4.2%; CME FedWatch odds of an October rate hike dropped from 70% to 14% after the release.
- Bitcoin briefly tested $87,173 on Friday — just shy of its September high of $87,354 — before pulling back to around $85,000 by Sunday morning, up 0.5% over 24 hours.
- Cumulative spot Bitcoin ETF inflows since launch now stand at $58.1 billion, with net assets at $101.1 billion, though year-to-date inflows remain under $1 billion after heavy early-year outflows.
- Myriad prediction market users price a 93% chance that Bitcoin will not set a new all-time high in 2026, undercutting the bullish 'Uptober' narrative.
- Upcoming catalysts include the September CPI report on Oct. 14 and the Fed meeting on Oct. 28, both of which could reset rate-cut expectations and ETF demand.
Why it matters: The $134.4 million inflow opens 'Uptober' on solid footing, but year-to-date ETF inflows still sit below $1 billion after heavy early-2025 outflows, meaning each session is doing heavy lifting to rebuild the annual tally. With 93% of Myriad bettors betting against a 2026 all-time high, the rally needs the Oct. 14 CPI and Oct. 28 Fed meeting to deliver the dovish signals traders are already pricing in.
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