Investors poured more than $241 million into U.S. spot bitcoin exchange-traded funds last week, marking the third consecutive week of net inflows — a run of demand that has helped keep the leading cryptocurrency's price elevated at the start of the month traders have dubbed 'Uptober.'

Data from Farside Investors shows that money hit the popular funds every day of the trading week — apart from on Wednesday, when speculators pulled out nearly $149 million from the vehicles. The firm publishes its tallies as each trading session closes, offering a running read on whether the streak holds through October.

The price of bitcoin is now up close to 7% over a 30-day period, and was recently priced at $85,605.

JUST IN: U.S. Spot Bitcoin ETFs took in $241.1 million last week, completing the third consecutive week of positive net inflows pic.twitter.com/imYO76nqvd
— Bitcoin Magazine (@BitcoinMagazine) October 5, 2026

BlackRock's iShares Bitcoin Trust took in the lion's share of last week's investment, receiving over $450 million in fresh cash — a haul bigger than the week's overall net total, meaning flows across the rest of the lineup were negative on balance. Funds managed by Fidelity and Morgan Stanley also experienced significant trading action and inflows.

Bitcoin's price is often buoyed by investors buying shares of the U.S. ETFs, which debuted in early 2024 after winning approval from the U.S. Securities and Exchange Commission. The funds give investors easy exposure to the asset via shares they can buy in their brokerage accounts.

's price started rallying in August after the U.S. Treasury Department said it would more than double the size of its government debt repurchases. The coin had its best run in three years and its third-best August ever.

The asset has also recently benefited from the so-called debasement trade, in which investors buy certain assets to hedge against currency being devalued. The dollar slid in value in August.

Bitcoin continued to have a good September, rising nearly 6% over a 30-day period, and the third quarter of this year was its best three months since 2024.

And so far, the October phenomenon dubbed 'Uptober' is off to a good start: the month of October has historically delivered good returns for bitcoin investors.

Data firm CryptoQuant said in a September report published last week that bitcoin was back in a bull market after crossing above its 365-day moving average — a long-term trend line used to gauge multi-year momentum — which the firm described as the "definitive technical signal" that has marked the start of the asset's rally in past cycles.

Bitcoin's price touched a record of $126,080 in October last year before sliding following a massive liquidation event, and it has spent most of 2026 in a bear market — leaving the asset, even after its recent run, roughly a third below that peak.

This article first appeared on Bitcoin Magazine and was written by Mathew Di Salvo.