September 30, 17:27

US spot Bitcoin ETFs draw $3.08 billion in nine-day inflow streak

Bitcoin ETFs Extend Win Streak to 9 Days, Matching August Rally

Decrypt

U.S. spot Bitcoin ETFs took in $66.19 million on Tuesday, their ninth straight session of net inflows, according to Decrypt's Bitcoin ETF tracker. The streak began on September 17 and has brought in about $3.08 billion, based on Decrypt data. An August streak ran for nine sessions from August 17 to August 27 and brought in roughly $3.04 billion. The current streak exceeds August's total by about $33 million, according to Decrypt. The August rally is widely considered to have pulled Bitcoin out of the bear market. Bitcoin traded near $84,400 on Wednesday, up roughly 1% on the day and recovering Monday's losses. Bitcoin remained below its September high near $87,350. Daily ETF inflows have fallen from $999 million on September 21 to $66.19 million on Tuesday. Bitcoin ETFs give investors exposure to Bitcoin without requiring them to buy or hold the asset directly. Market observers use ETF inflows and outflows as an indicator of investor sentiment. The Federal Reserve raised rates by 25 basis points to a range of 3.75% to 4% on September 16, its first increase since 2023. Traders had put the odds of an increase at nearly 93% beforehand. Bitcoin fell to about $75,000 that week. The ETFs recorded roughly $746 million in outflows over two days before inflows resumed on September 17. The funds took in $159.5 million on September 17. Bitcoin returned above $80,000 within two days. ETF inflows reached $999 million on September 21. The week ending September 25 brought in $2.4 billion, the largest weekly inflow since October 2025. Those inflows pushed the funds back into positive territory for 2026. Bitcoin's summer rebound began on August 19, when the Treasury said it would double longer-dated bond buybacks to at least $4 billion per operation. Bitcoin reached $69,000 that day for the first time in two months. Bitcoin is now about a third below its October 2025 record of $126,296. The current ETF inflow streak remains shorter than a 13-day run in June 2025. Matching that run would require inflows through Monday, October 5.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.