Haciyev Reşit 
Political uncertainty and the potential U.S. government shutdown have triggered a sharp rally in Bitcoin as October begins. The leading cryptocurrency has captured investors’ attention with consecutive record highs, while institutional demand has visibly surged.
Bitcoin reached a new all-time high of $125,819, surpassing ₺5.2 million in Turkish lira terms, and continues to maintain its strong momentum. This rally has also fueled growing interest in ETF markets and other institutional investment products.
Record Inflows into Bitcoin ETFs: Institutional Confidence Strengthens
Bitcoin ETFs traded in the U.S. recorded notable inflows following the price surge. On the last trading day, total net inflows reached $1.19 billion, marking the second-largest daily inflow in ETF history.
BlackRock’s iShares Bitcoin Trust (IBIT) led the pack with $969 million in inflows, while Fidelity’s FBTC followed with $112 million.
According to analysts, these figures highlight a growing confidence among institutional investors in Bitcoin, reinforcing its position as a credible alternative reserve asset.
Activity in Ethereum ETFs Picks Up
The bullish momentum led by Bitcoin has now spread to Ethereum ETFs. On the latest trading day, U.S.-listed Ether spot ETFs recorded $84 million in net inflows. This surge coincided with Ethereum’s price climbing toward $4,700, bringing it closer to its all-time high of $4,956, and drawing renewed investor interest.
According to experts, the rise in Ethereum ETF inflows marks the “second wave” of institutional investment, driven by Ethereum’s expanding role in DeFi and tokenization ecosystems. Fund managers are increasingly viewing ETH as a core digital asset with long-term utility.
Digital Gold Era: Bitcoin and Gold Hit Record Highs Together
Despite persistently high U.S. interest rates and the absence of new monetary easing, both Bitcoin and gold have reached new record levels — a rare occurrence that underscores their growing reputation as safe-haven assets during economic uncertainty.
- Bitcoin: $125,819
- Gold (per ounce): $3,958
Analysts note that this parallel rally reflects investors’ shift toward assets that offer protection against macroeconomic risk, further solidifying Bitcoin’s image as “digital gold.”
Institutional Inflows Continue to Support the Market
Data shows that U.S.-based Bitcoin spot ETFs now collectively hold 6.7% of Bitcoin’s circulating supply, underscoring the growing influence of institutional demand on price dynamics. Market strategists suggest that if inflows continue at this pace, both Bitcoin and Ethereum could soon reach new all-time highs.
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