Overview

• U.S. spot Bitcoin ETFs took in about $1.18–$1.2 billion on Oct. 6, the second-largest day since launch, as BTC briefly reached $126,198 before easing to the mid-$120,000s.
• BlackRock’s iShares Bitcoin Trust drew roughly $967–$970 million on the day, is nearing $100 billion in assets, and has become the firm’s most profitable ETF per Bloomberg.
• Weekly flows hit roughly $3.2–$3.55 billion for U.S. Bitcoin funds and a record $5.95 billion for crypto ETPs globally, underscoring intensifying institutional demand.
• Traders flag short‑term risks with elevated open interest and leverage, whale profit‑taking, and a TD Sequential 12‑hour sell signal, with key support eyed near $120,000–$122,000.
• Analysts link demand to a softer dollar, U.S. shutdown uncertainty and rate‑cut expectations that have boosted the so‑called debasement trade, while past $1B+ ETF inflow days have often preceded local tops.