Record $5.95 Billion Flows Into Crypto Funds as ETF Demand Lifts Bitcoin Above $125,000
A recent Fed rate cut helped drive institutional allocations through spot funds.
Overview
- CoinShares reported the largest weekly inflow on record at $5.95 billion, lifting digital-asset product assets under management to an all-time $254 billion.
- The United States led with $5.0 billion in inflows, while Switzerland set a record at $563 million and Germany added $312 million.
- Bitcoin funds drew $3.55 billion, Ethereum took in $1.48 billion, Solana saw $706.5 million, and XRP added $219.4 million with limited participation elsewhere.
- U.S. spot Bitcoin ETFs recorded $3.24 billion in net inflows from September 29 to October 3, and spot Ethereum ETFs posted $1.3 billion with all nine products positive.
- Bitcoin ETFs now hold more than 1.5 million BTC, about 7.2% of supply, with industry data indicating purchases have recently outpaced miner issuance as Bitcoin set a new high above $125,000.