'Uptober' Starts Green as Bitcoin ETFs Draw $134 Million — SkimNews
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- U.S. spot Bitcoin ETFs attracted $102.7M on Thursday and $31.7M on Friday for $134.4M in combined net inflows to open October, per Decrypt's tracker.
- The funds shed $148.7M on Sept. 30, ending a nine-session inflow streak that began Sept. 17 — but September still became the second-best month since October 2025 with $2.65B in net inflows (SoSoValue data).
- Bitcoin briefly tested $87,173 on Friday, just under its September high of $87,354, before pulling back to $84,786 by Saturday morning (CoinGecko).
- A softer-than-expected September jobs report — 29,000 positions added, unemployment at 4.2% — pushed CME FedWatch odds of an October rate hike from 70% to 14%, easing pressure on risk assets.
- Cumulative net inflows since the ETFs launched stand at $58.1B with total net assets at $101.1B, though year-to-date inflows remain under $1B after heavy early-year outflows.
- Despite the early-October optimism, Myriad prediction-market traders put 93% odds on Bitcoin failing to set a new all-time high in 2026.
- Upcoming catalysts include the September CPI report on Oct. 14 and the Federal Reserve's Oct. 28 meeting.
Why it matters: The $134.4M opening salvo revives the 'Uptober' meme, but the $148.7M Sept. 30 bleed and year-to-date inflows still under $1B show conviction is fragile. With the Oct. 14 CPI print and the Fed's Oct. 28 rate decision ahead, the next two weeks will determine whether this is a real rotation back into Bitcoin ETFs or just a dead-cat bounce.
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