Bitcoin Treasuries added a net $1.2 billion last week, while ETFs saw a net inflow of $3.236 billion during the same period.

On October 6th, although the Bitcoin treasury company accumulated $1.2 billion worth of Bitcoin last week, analysts think that the new all-time high of Bitcoin was more influenced by the inflows into Bitcoin Exchange-Traded Funds (ETFs). According to the data, the Bitcoin treasury companies purchased more than 6,702 Bitcoins last week. Japanese investment firm Metaplanet took the lead by adding 5,258 Bitcoins alone on October 1st. In contrast, Bitcoin spot ETFs had a net inflow of $3.24 billion last week, which was nearly equal to the single-week record set in November 2024. Vincent Liu, the Chief Investment Officer of quantitative trading firm Kronos Research, told Cointelegraph that a key factor driving the increase in the Bitcoin price was ETF inflows. However, he also pointed out that other factors also played a role, such as "exchange supply tightness, USD weakness, and macroeconomic uncertainty. Strong institutional demand over the weekend further strengthened the bullish momentum of the market." So far this year, institutional buying of Bitcoin has exceeded miner production. Miners produce an average of about 900 Bitcoins per day. While the financial services company River noted in a September report that enterprises were buying an average of 1,755 Bitcoins per day and ETFs were buying an average of 1,430 Bitcoins per day. Analysts at Bitfinex predicted in August that the approval of new crypto ETFs could also trigger a new round of altcoin rallies or rebounds because it could allow investors to have lower-risk exposure to more tokens.