One of the key drivers behind Bitcoin’s recent price action has been large-scale institutional demand via exchange-traded funds (ETFs) and other regulated vehicles. In the first week of October, global crypto-ETF vehicles reported record weekly inflows, with nearly $5.95 billion entering during the week ending October 4, of which around $3.55 billion was allocated to Bitcoin. This inflow coincided with Bitcoin’s highs above $125,000.
In the subsequent weeks, data show continued weekly inflows: for example, a single week saw about $446 million in net flows into , led by a major asset manager product that took in about $324 million of that total. More broadly, October inflows for Bitcoin-linked ETFs totaled more than $4.2 billion, reversing outflows in prior months. This resurgence of institutional capital has helped form a structural demand floor.