Reviewed by Reviewed by Jacob Thomas Updated 20:00 EDT October 2, 2026 Share Share Share Back to Top Several Bitcoin [BTC] ETF funds began October with outflows. According to Onchain Lens, five funds recorded a combined $24 million in outflows on the 1st of October. However, strong inflows into three other funds more than made up for these losses
In September, Bitcoin spot ETFs experienced massive inflows. In fact, AMBCrypto reported an accumulation spree with net inflows surpassing $2.5 billion the week ending on the 25th of September
This trend has continued into October, with prominent funds recording inflows
These inflows proved strong enough to turn daily flows positive. BlackRock’s IBIT saw $195 million in inflows, Grayscale’s GBTC recorded $14 million in inflows, and Morgan Stanley’s MSBT recorded $7 million in inflows
For that reason, the daily net inflow rose to $102 million, marking a significant reversal from -$148 million recorded in the previous session
With ETF inflows remaining resilient despite recent headwinds, investors appear to be aggressively seeking Bitcoin exposure through these funds
Moreover, a look at past cycles shows that sustained ETF inflows have worked well for BTC price action
Exchange activity is also echoing the shift in ETF capital flow. Exchange Netflow has held positive since the 30th of September
As ETFs resumed accumulating again, supply outflows from exchanges recovered. Spot Netflow fell to -$67 million as of writing, down from $353 million the previous day
On the 2nd of October, Bitcoin made a major upswing as BTC finally managed to flip $85k
At press time, Bitcoin was trading around $86,272, up 3.3% on the daily charts. The recent upsurge could be attributed to renewed demand, especially driven by ETF and Uptober speculation
For now, the market leans bullish based on the directional indicators. However, the momentum is relatively weak
For example, Aroon Up was hovering around 21%, having declined for eleven consecutive days. Moreover, if the capital inflow holds steady as recently witnessed, the trend will continue, with Bitcoin reclaiming $88k and eyeing $90k
However, if the latest attempt fails to produce a daily close above $85k, the crypto is likely to revisit $82k
Gladys Makena is a Cryptocurrency and Financial Analyst at AMBCrypto with four years of market analysis experience. Her quantitative expertise is supported by a strong background in Finance, providing a solid foundation for a data-driven approach. At AMBCrypto, Gladys is committed to providing the community with timely and insightful news, reports and technical analysis
