Bitcoin ETF Inflows Surge to $985 Million, Bitcoin Breaches New High

On October 3rd, U.S.-based Bitcoin exchange-traded funds (ETFs) witnessed a remarkable influx of $985 million in fresh investments. This surge indicates that large investors are increasingly prioritizing the world’s largest cryptocurrency. BlackRock’s iShares Bitcoin Trust (IBIT), alone, captured over $790 million, leading the charge. Fidelity, ARK 21Shares, VanEck, and Bitwise also saw smaller but significant inflows while Grayscale’s converted GBTC fund trailed behind. Combined, this activity pushed total ETF trading to a staggering $7.5 billion, representing nearly 7% of Bitcoin’s overall market value.