Bitcoin traded near $86,300 on the morning of October 2, up about 3.3% over 24 hours, according to CoinGecko figures cited in the day’s market notes. The print sat roughly $2,800 above the October 1 close near $83,462 and put the coin back above the level it lost late last week.

U.S. spot Bitcoin ETFs recorded a $102.7 million net inflow in the latest completed session, Farside data carried by Huo Xing Finance and Cointelegraph showed. BlackRock’s IBIT took in $195.6 million. That more than covered redemptions elsewhere: Fidelity’s FBTC lost $60.7 million, Grayscale’s GBTC $31.4 million, Ark’s ARKB $7.7 million, Bitwise’s BITB $6.9 million, Invesco’s BTCO $4.2 million, and VanEck’s HODL $3.6 million. Grayscale’s mini trust added $14.6 million. Morgan Stanley’s MSBT added $7 million.

Combined ETF net assets stood near $109.3 billion, with cumulative net inflows around $57.6 billion. The day reversed Wednesday’s $148.7 million outflow, which had ended a nine-day streak worth about $3.1 billion, The Block reported.

Key takeaways

What the $102.7 million ETF print changes after Wednesday

One session does not restart the nine-day run. It does show the buyer was concentrated. IBIT’s $195.6 million was larger than the whole complex’s net figure, which means five other funds were still redeeming while BlackRock absorbed the bid.

Citigroup, in a note dated Wednesday, moved its 12-month Bitcoin target to $113,000 from $82,000 and now assumes $5 billion of crypto-fund inflows over the next year, up from a flat assumption. That revision is a research input, not a flow. The flow that actually settled was the $102.7 million.

Ether was cited near $2,754, up about 2.5%, and Solana near $122. Total crypto market value was quoted around $2.95 trillion, with Bitcoin’s share near 58.7%.

What to watch next

Whether Friday’s ETF tape prints another net positive, and whether IBIT is still doing the work alone. A second day under $100 million, with FBTC still in redemption, would leave the Wednesday break as the larger fact.