Bitcoin ETFs Add $2.7B in ‘Uptober’ Despite Tariff Fears

US Bitcoin ETFs continue to be strong “Uptober” The week ended with a strong $2.71 Billion in weekly inflows.

As per data SoSoValue reports that the assets under management of Bitcoin ETFs have risen to $158.96billion as of last Friday. That’s nearly 7 percent of Bitcoin’s overall market capitalization.

“Capital keeps flowing into BTC as allocators double down on the digital gold conviction trade. Liquidity is building now as the market momentum takes shape,” Vincent Liu told Cointelegraph that he is chief investment officer for quantitative trading firm Kronos Research.

It was Monday that spot Bitcoin exchange-traded funds had the best day. They recorded net inflows totaling $1.21billion, their second biggest single-day since they were launched. On Tuesday, the funds saw a strong inflow of $875.61 millions.

Related: DeFi booming as $11B Bitcoin whale stirs ‘Uptober’ hopes: Finance Redefined

Bitcoin ETFs lose $4.5 Million

On Friday, Bitcoin ETFs saw a $4.5 million net outflow amid market jitters after President Donald Trump confirmed he would impose a 100% tariff on imports from China. 

BlackRock IBIT topped the market, with daily inflows of $74.2 millions and cumulative totals of $65.26 Billion. Fidelity FBTC’s and Grayscale GBTC’s GBTC both recorded outflows.

“Trump’s tariff threat looks more like a negotiation tactic than a policy pivot, classic pressure play,” Liu said. “Markets may flinch short term, but smart money knows the game: macro noise, conviction unchanged,” He added.

Related: Ether ETF inflows, explained: What they mean for traders

“Uptober” The 31 ETFs filed sparks a rush for ETFs

Over the past 2 months, 31 crypto ETF Apps have been submitted In the eight first days of October, 21 such complaints were filed with the US Securities and Exchange Commission.