Bitcoin ETFs Fuel ‘Uptober’ Boom with $3.2B Inflows

US-listed Bitcoin exchange-traded funds (ETFs) have seen a surge in inflows, signaling renewed optimism among investors as the historically bullish month of October begins. The past week saw $3.24 billion in net positive inflows for spot Bitcoin ETFs, nearly matching their record high of $3.38 billion from November 2024. This marked a sharp turnaround after outflows totaling $902 million in the previous week. Analysts attribute this boost to growing anticipation of another US interest rate cut, which has improved investor sentiment towards risk assets.