Spot ETFs Outshine Corporate Accumulation Despite Massive Buys
Bitcoin treasury companies added over 6,700 BTC worth $1.2 billion last week, yet spot Bitcoin ETFs stole the spotlight with record-breaking inflows that analysts say were the true driver behind Bitcoin’s latest surge past $125,000.
Metaplanet Leads Corporate Bitcoin Buying
According to data from BitcoinTreasuries, Japanese investment firm Metaplanet led the week’s accumulation, purchasing 5,258 BTC on October 1, far outpacing other corporate buyers.
In total, Bitcoin treasury firms added 6,702 BTC, highlighting a resurgence in institutional accumulation as the crypto market gains strength.
However, ETFs pulled in over $3.24 billion in net inflows, nearly matching their previous record set in November 2024. Analysts noted that these fund inflows — rather than direct corporate purchases — were the main catalyst for Bitcoin’s rally.
“It was the ETF inflows that sparked Bitcoin’s price increase,” said Vincent Liu, Chief Investment Officer at Kronos Research. “Tight exchange supply, a weaker dollar, and macro uncertainty have reinforced bullish momentum this weekend.”
On average, Bitcoin miners produce around 900 BTC daily, yet institutional demand has far exceeded this output.
A River Financial report found that businesses acquired 1,755 BTC per day, while ETFs absorbed 1,430 BTC daily in 2025 — creating an ongoing supply deficit.
Bloomberg analyst Eric Balchunas confirmed ETFs saw $3.3 billion in inflows last week, totaling $24 billion in 2025. This liquidity surge aligns with broader investor sentiment viewing Bitcoin as a macro hedge against fiat debasement and inflation.
Analysts Expect Continued Institutional Momentum
Market strategists predict ETF inflows will continue driving Q4 volatility and rallies.
Liu added that shrinking supply, regulatory clarity, and macro tailwinds could “fuel sharp price movements,” as exchange-held BTC hits a six-year low.
With ETFs now holding 1.5 million BTC worth $188 billion, and corporate treasuries controlling 1.4 million BTC valued at $166 billion, analysts agree that institutional adoption has firmly established Bitcoin as a mainstream asset.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.