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- šø Uptober is real: $676M floods into Bitcoin ETFs
šø Uptober is real: $676M floods into Bitcoin ETFs
PLUS: Bitcoin ETFs stretch their 3-day streak, Ethereum ETFs climb too, JPMorgan sets $165K BTC target, and is tokenization of shares the next DAT strategy.
Cryptopolitan News
October 03, 2025 ā¢ Estimated Reading Time: 10 minutes
Spot bitcoin ETFs exploded with $676 million in net inflows on Oct 1, stretching out their third day running of heavy buying. This isnāt retail noise, itās institutions getting along āUptoberā momentum after a muddied September.
BlackRockās IBIT led the charge, pulling in $405M of that total. With $61.4B underpinning it currently, and flashing $3.85B in daily volume, IBITās empire is still expanding,at a nominal fee of 0.25%.
Fidelityās FBTC came in second with $179M inflows, pushing it over the $12B total mark, while funds like ARKB and Grayscaleās new BTC ETF posted smaller but consistent inflows, GBTC even managed a paltry $9.22M influx after months of outflows.
At the same time, Ethereum saw $80.9M in net inflows for spot ETFs led by FETH and ETHA, suggesting institutions are viewing ETH as more than merely a utility token but rather a supplement to Bitcoin within their portfolios.
Why institutions are leading the rotation
Scale & trust: Big capital prefers large, liquid funds with reputational weight (hence IBIT & FBTC).
Feedback loops: Flows into ETFs create liquidity, which reduces spreads, which draws even more capital.
Risk management: Institutions can surf the volatility, they are willing to look past short-term dips for long-term infrastructure bets.
š Quick Explainer: Whatās ETF inflow?
Net inflow = new money coming into the fund minus money redeemed.
Itās a pure measure of institutional demand: not trade volume, not speculation.
š The takeaway: Uptober is here and not just for retail but institutions seem to lead the charge this time.
šMarket Watch
Citi Flips ETH > BTC
You can add Citigroup to the list of Ethereum bulls after the banking giant raised its year-end price target on ETH to $4,500 (while lowering Bitcoinās target down to $133K). Analysts cite piling ETF inflows ($14B and growing) as well as L2 adoption and tokenization hype for maintaining Ethereumās impressive momentum. Citi went as far to suggest a bull run could carry ETH above $6,400.
Perp DEXs cross $1 Trillion
Perpetual DEXs saw $1.14T in monthly trading for the very first time ever. Aster led the way with $493B, outpacing Hyperliquid ($281B) and newbie Lighter ($165B). The battle is on: Aster launching its own zk-powered chain, while Hyperliquid leans on transparency and whale bets.
Uptober: JP Morganās $165K BTC call
Bitcoin may reach as high as $165K under if it continues to follow goldās uptrend on a volatility-adjusted basis, JPMorgan says. The thesis: The ādebasement tradeā which means hedging against deficits, inflation and dollar risk, is pushing everyone into BTC right now. ETFs are financing this flow, with a $676M inflow in a single day earlier this week.
š Are you watching this?
FG Nexus has just become one of the first Nasdaq-listed companies to tokenize its shares on Ethereum. To do so, the company has teamed up with Securitize to bring its public equity onto-chain, providing instant settlement, programmable compliance and legal ownership.
GameFi project FG Nexus has a treasury of 50,768 ETH (~$226M) and saw its stock price rise up 2% on the revelation.
This is not a wrapper or derivative, this is actual stock, natively tradeable on Ethereum through the end userās wallet of choice.
š The bigger picture:
Is FG Nexus is taking a page from the āBitcoin treasuryā playbook, but with tokenized shares? In the same way that Michael Saylor made waves by moving to a BTC reserve, and recently companies are building their DATs (Digital Asset Treasury)
š Quick Explainer
Treasury 1.0: MicroStrategy purchases Bitcoin and issues shares
Treasury 2.0: Corporates playing around with stablecoins and tokenized treasuries.
Treasury 3.0: Public companies tokenize their own equity for investor buzz and efficiency.
šCould tokenized equity be the next corporate treasury fad?
šæ Money on Screen: Finance in film & TV
Sometimes the best way to understand markets isnāt through charts, but through stories. Here are the top-rated finance flicks and series every money geek should binge:
The Big Short (2015) ā IMDb 7.8
How a few outsiders saw the 2008 housing bubble coming ā and bet big.
Margin Call (2011) ā IMDb 7.1
A gripping look at the 24 hours inside an investment bank before the financial crash.
Billions (2016ā2023) ā IMDb 8.4
Hedge fund vs. U.S. Attorney ā power, greed, and alpha chasing.
Industry (2020ā ) ā IMDb 7.1
HBOās sharp take on young bankers navigating toxic trading floors.
Wall Street (1987) ā IMDb 7.3
āGreed, for lack of a better word, is good.ā The OG finance morality tale.
Dirty Money (2018ā2020) ā IMDb 8.1
Netflix docuseries exposing corporate scandals and fraud.
Inside Job (2010) ā IMDb 8.2
Oscar-winning documentary that explains the 2008 crash with brutal clarity.
Friday headline picks :D
š Culture Corner
Did you also know there is a country that operates on blockchain? Itās called Liberland, a libertarian microstate established on the Danube.
š Prime Minister? Justin Sun, founder of TRON.
š³ļø Congress? Features The Great Hack whistleblower Brittany Kaiser, Mr. KEY (Karnika Yashwant), playing a role in framing blockchain law.
š° Economy? Based on the Liberland Dollar (LLD), land titles via NFTs, staking for governance.
And thereās the kicker: They have just concluded their first fully on-chain elections, verified through their public blockchain: no paper to be found, no delays, and not an intermediary in sight.
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