U.S. bitcoin exchange-traded funds attracted more than $241 million in net inflows last week, marking a third consecutive week of positive investment that has supported the cryptocurrency’s price at the onset of the period known as “Uptober.”
According to data from Farside Investors, the funds recorded daily inflows throughout the week except for Wednesday, when investors withdrew approximately $149 million.
Bitcoin’s price has risen nearly 7% over the past 30 days, recently trading around $85,605.
JUST IN: U.S. Spot Bitcoin ETFs took in $241.1 million last week, completing the third consecutive week of positive net inflows pic.twitter.com/imYO76nqvd
— Bitcoin Magazine (@BitcoinMagazine) October 5, 2026
BlackRock’s iShares Bitcoin Trust captured the largest share of new investment last week, drawing in over $450 million.
Funds managed by Fidelity and Morgan Stanley also saw substantial trading volume and inflows.
Bitcoin’s price often benefits from investor purchases of U.S. ETF shares, which provide straightforward exposure to the asset through standard brokerage accounts.
Bitcoin began rallying in August after the U.S. Treasury Department announced plans to more than double the size of its government debt repurchases. The asset posted its strongest monthly performance in three years, marking its third-best August on record.
The cryptocurrency has also benefited from the so-called debasement trade, where investors seek assets to hedge against currency devaluation, as the U.S. dollar weakened in August.
The positive momentum continued into September, with bitcoin gaining nearly 6% over a 30-day span.
In the third quarter of this year, bitcoin delivered its best three-month performance since 2024.
So far, the seasonal phenomenon dubbed “Uptober” is off to a strong start; historically, October has tended to produce favorable returns for bitcoin investors.
Data firm CryptoQuant noted in a September report that bitcoin has re-entered a bull market after surpassing its 365-day moving average, a level the firm describes as the “definitive technical signal” that has historically marked the beginning of the asset’s rally cycles.
Bitcoin reached a record high of $126,080 in October of last year before declining after a major liquidation event, and it has spent much of 2026 in a bear market.
