US spot bitcoin ETFs draw $102.7 million as bitcoin retakes $86,000
US spot bitcoin exchange-traded funds recorded over $102 million in net inflows on Oct. 1, rebounding from the prior session as bitcoin crossed $86,000 amid shifting interest rate expectations.
US spot bitcoin exchange-traded funds recorded roughly $102.7 million in net inflows on Oct. 1, reversing net outflows from the previous session, according to Farside Investors data reported by CryptoSlate and figures cited by Crypto Banter. BlackRock's IBIT fund led the daily rebound, which overcame outflows from Fidelity's FBTC and several competing funds. In contrast, CryptoSavingExpert tracked the same day in cryptocurrency terms, reporting net outflows of around 1,110 BTC. Spot ether ETFs simultaneously posted $55.37 million in withdrawals, marking their third consecutive day of net outflows.[4][7][9][1][6]
The return of fund inflows coincided with a sharp market rebound as bitcoin retook the $86,000 threshold on the morning of Oct. 2. The cryptocurrency traded at $86,325.44 at 08:40 UTC, up 3.67% over 24 hours. The price recovery was accelerated by short covering in derivatives markets, with CoinGlass reporting about $135.47 million in liquidated bitcoin futures positions and CoinNess estimating that 91.13% of the liquidations were short bets. Major alternative assets including ether, XRP, and solana also advanced alongside bitcoin.[4][8]
The upward price momentum came as rate hike expectations faded and market odds shifted toward the Federal Reserve holding interest rates steady, according to reports by CoinDesk and Decrypt. Ahead of the U.S. payrolls report on Oct. 2, Citi raised its 12-month bitcoin price forecast to $113,000, according to Analytics Insight, following a month in which spot bitcoin ETFs drew $2.65 billion in net inflows.[2][3][10][5][4]
Key facts
- US spot bitcoin ETFs recorded approximately $102.7 million in net inflows on Oct. 1, rebounding after net outflows in the previous session.
- BlackRock's IBIT drew net inflows on Oct. 1, while Fidelity's FBTC and several other spot bitcoin ETFs registered redemptions.
- US spot ether ETFs recorded $55.37 million in net outflows on Oct. 1, their third straight session of net redemptions.
- Bitcoin traded at $86,325.44 at 08:40 UTC on Oct. 2, marking a 3.67% gain over 24 hours.
- Short positions accounted for an estimated 91.13% of the approximately $135.47 million in bitcoin futures liquidated over 24 hours.
- CryptoSavingExpert calculated net outflows of roughly 1,110 BTC on Oct. 1 and estimated cumulative bitcoin ETF net inflows at about 722,450 BTC.
- Citi raised its 12-month bitcoin price forecast to $113,000, according to Analytics Insight.
Sources · 11 sources
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Bitcoin.com News@BitcoinNewsPost on X ·
Blackrock Drives $103M Bitcoin ETF Rebound as BTC Price Tops $86K https://t.co/KkVeAWV4EM
Open source - DE
DecryptArticle ·
'Uptober' Off With a Bang as Bitcoin Surges to $86K Cooler inflation and two dovish Fed speakers have shifted the odds toward a rate hold, with payrolls due and CPI landing on October 14.
Open source - CO
CoinDesk@CoinDeskPost on X ·
Bitcoin tops $86,000 as rate hike expectations fade, the SEC checks off the final major item on its crypto agenda, and Illinois agrees to delay its new crypto tax by six months. @JennSanasie has what you need to know. https://t.co/7TaWWvN2ef
Open source - CR
CryptoSlateArticle ·
Bitcoin sees big overnight rally as ETF demand returns before the next US jobs test Bitcoin retook $86,000 by the morning of Oct. 2 as demand for US spot Bitcoin ETFs recovered, with short covering a plausible accelerator for the advance ahead of the US jobs report. Bitcoin traded at $86,325.44 at 08:40 UTC, up 3.67% over 24 hours. The advance carried it beyond the Sept. 30 rebound above $85,000 that faded below $84,000 after US inflation data. The ETF reversal gives the recovery support beyond leveraged traders closing bearish bets. Reported short liquidations offer a mechanism for accelerating an existing advance. The initial trigger remains unclear because daily fund flows and rolling liquidation figures cover different windows, but the combined evidence supports an explanation built around renewed buying interest and forced short exits. Coinbase's BTC-USD market offered a view of the size of the move: at 08:42 UTC, its rolling 24-hour range ran from $83,353.87 to $86,885.28, with the last trade at $86,377.70. Ether, XRP and Solana also advanced in CryptoSlate's market rankings , placing Bitcoin's recovery within a broader rise in major cryptocurrencies. Related Reading Bitcoin enters its best season after a 43% surge, with $147,000 suddenly on the math ETF demand returned after an outflow day US spot Bitcoin ETFs recorded net inflows of $102.7 million on Oct. 1, according to Farside Investors' ETF flow data . That followed net outflows in the previous session. The positive aggregate concealed a mixed picture across products. BlackRock's IBIT fund attracted money even as Fidelity's FBTC fund and several other ETFs recorded redemptions. Demand recovered because inflows exceeded those withdrawals. The return to net inflows weakens the case that the previous session's redemptions marked the start of a sustained withdrawal. Continued inflows would make that support more durable; redemptions at other funds show why one positive total is still a limited signal of investor commitment. Related Reading Bitcoin ETFs are $5 billion away from a new flow record after a brutal 11-month reset Leverage could amplify an existing rise CoinGlass's Bitcoin trading data showed about $70.58 billion of Bitcoin futures turnover over 24 hours in its 08:42 UTC reading, compared with about $6.35 billion in spot turnover across its tracked markets. It also reported about $135.47 million in liquidated Bitcoin futures positions. Turnover measures trading activity and includes repeated transactions. These figures establish substantial derivatives participation without measuring fresh capital entering Bitcoin. In its Oct. 2 estimate of Bitcoin futures liquidations over 24 hours, CoinNess said 91.13% involved short positions. That reported imbalance is consistent with forced exits from bearish bets accelerating an already rising market. As Bitcoin rises, losses on leveraged shorts can exhaust the collateral supporting them. Closing those positions can add buying pressure, creating a feedback loop that helps an advance gather speed. Forced covering can help a rally travel quickly. Its effect fades as vulnerable positions close, leaving continued buying to determine whether the higher price holds. Inflation and payrolls still test the recovery Inflation remains an obstacle to the recovery, even if the Fed takes more time to assess its next move. The August PCE report released Sept. 30 put core inflation at 0.2% month over month and 3.0% year over year. Headline inflation was 0.3% monthly and 3.4% annually. Released two days earlier, those readings formed the backdrop to the latest overnight advance. Fed Vice Chair Philip Jefferson said on Oct. 1 that assessing future policy adjustments could take more time. His remarks leave room for policy patience, but he also highlighted upside inflation risks and recalled September's quarter-point rate increase to 3.75% to 4%. Meanwhile, ISM's September manufacturing report , issued Oct. 1, showed its prices index rising to 77.9 from 71.1 while the manufacturing PMI remained expansionary at 54.5. Cost pressures were still broadening. Related Reading US factory costs spike, threatening Bitcoin's rally above $85,000 September's US jobs report is scheduled for 12:30 UTC on Oct. 2 , making it the next test of whether Bitcoin can retain $86,000. The figures arrive after the overnight advance. Holding above $86,000 alongside further ETF inflows would strengthen the case for continuing demand. A quick reversal would repeat the earlier failed breakout's weakness. Returning fund demand has improved the rally's foundation; holding the recovered level through payrolls would show whether that support can withstand the next macroeconomic test. The post Bitcoin sees big overnight rally as ETF demand returns before the next US jobs test appeared first on CryptoSlate .
Open source - AI
Analytics Insight@analyticsinmePost on X ·
𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙𝘀 𝗗𝗿𝗮𝘄 𝗨𝗦𝗗 𝟮.𝟲𝟱𝗕 𝗮𝘀 𝗖𝗶𝘁𝗶 𝗥𝗮𝗶𝘀𝗲𝘀 𝗶𝘁𝘀 𝗣𝗿𝗶𝗰𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 🚨 US spot Bitcoin ETFs attracted USD 2.65 billion in September and opened October with USD 102.7 million in fresh inflows. Meanwhile, Ether funds recorded withdrawals as Citi raised its 12-month Bitcoin price forecast to USD 113,000. 📊🪙 #Bitcoin #BitcoinETF #ETFInflows #CryptoNews #BTC #AnalyticsInsight #AnalyticsInsightMagazine Read More 👇 https://t.co/kvxtY6Scpf
Open source - C®
CryptoSavingExpert ®@CryptoSavingExpPost on X ·
Bitcoin ETFs recorded another day of net outflows. Around 1.11K BTC left the funds yesterday, following another 1.78K BTC outflow the day before. That puts the last two sessions at roughly 2.9K BTC of net outflows. We’re not too concerned yet. The bigger picture remains strong, with Bitcoin ETFs sitting at around 722.45K BTC in cumulative net inflows. We’re watching whether these outflows continue or whether buyers step back in. If ETF flows turn positive again while BTC holds around $85K, that would give us another positive signal that demand remains strong.
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨SPOT BITCOIN ETFS TAKE IN $102.67M AFTER A RED DAY! U.S. spot bitcoin:native ETFs added $102.67 million on Thursday, a day after $148.69 million left. Spot ethereum:native ETFs lost $55.37 million, a third straight day of outflows.
Open source - CR
CryptoSlate@CryptoSlatePost on X ·
Bitcoin retook $86,000 as US spot ETFs drew $102.7 million on October 1, reversing an outflow day. Short covering may have accelerated the rally. Continued buying must sustain it, with the US jobs report due at 12:30 UTC today. https://t.co/fD31FYgkP9
Open source - CT
Coin TelegraphArticle ·
Bitcoin ETFs kick off ‘Uptober’ with $103M inflow Bitcoin ETFs returned to inflows with $103 million, while Ether funds recorded a third straight day of net outflows.
Open source - BA
Barron's@barronsonlinePost on X ·
Bitcoin Crosses $86,000 on Fed Pause Hopes. Strategy Leads Crypto Stocks Higher. https://t.co/QyYha1QGrY
Open source - BM
Bitcoin Magazine@BitcoinMagazinePost on X ·
JUST IN: 🇺🇸 U.S. Spot Bitcoin ETFs saw $102.7 million in inflows yesterday 🚀 https://t.co/jqFVtyHxKi
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