BTC Breaks $125K After $3.2 Billion Flows Into Spot Bitcoin ETFs

Bitcoin Tops $125K as Spot ETFs See $3.24 Billion Inflows

Bitcoin (BTC) surged past $125,000 on Sunday, extending its weekly gain to 11%, according to CoinDesk data. The rally coincided with strong demand for U.S.-listed spot exchange-traded funds (ETFs), which collectively reported $3.24 billion in net inflows for the week ended Oct. 3—marking the second-largest weekly inflow on record, according to SoSoValue.

Other major tokens, including Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE), followed Bitcoin’s lead, posting gains between 1% and 3% during Asian trading hours.

Safe-Haven Buying Amid U.S. Government Shutdown
The ongoing U.S. government shutdown has boosted safe-haven demand for Bitcoin. Jeff Dorman, Chief Investment Officer at Arca, said:
“The only time I buy BTC is when society loses faith in governments and local banks. BTC is likely a good buy here ahead of yet another U.S. government shutdown.”

Macro Drivers Behind the Rally
Analysts point to broader macroeconomic trends as additional tailwinds. Noelle Acheson, author of the Crypto Is Macro Now newsletter, noted:
“Escalating geopolitical risks, rising U.S. inflation expectations, and increasing global borrowing are heightening currency concerns. What benefits gold also benefits BTC, which remains under-allocated.”

She added that measures such as lower interest rates, yield curve management, and ample liquidity are expected to support inflows into riskier assets, including Bitcoin.

Outlook for October
With October historically a bullish month for crypto, Bitcoin appears poised for further gains. At the time of writing, BTC was trading near $124,080, according to CoinDesk.