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US spot Bitcoin ETFs extend inflow surge

2026-09-06 08:17

SpotETFBTCXRP

 

US-listed spot Bitcoin exchange-traded funds extended their strongest three-week inflow run of 2026, drawing $3.8 billion as Bitcoin traded near $80,000 and briefly fell below $79,000 on Friday. The latest weekly intake of $986.9 million pushed cumulative net inflows across the products to $55.6 billion since launch, according to SoSoValue.

The three-week streak stands out against a year in which aggregate flows have remained uneven. Despite the recent rebound, US spot Bitcoin ETFs were still carrying roughly $1 billion in net outflows for 2026 year to date as of Friday, SoSoValue data showed. The figures point to a substantial return of demand after earlier withdrawals rather than a fully settled shift in fund flows.

Bitcoin traded at $79,716 at the time of publication, up 2.6% over seven days, according to CoinGecko. The price had fallen from roughly $81,200 to below $79,000 during Friday’s session, placing ETF demand alongside a market that remains sensitive to relatively short-term price swings.

BlackRock accounted for most Friday demand

US spot Bitcoin ETFs recorded $174.6 million in combined net inflows on Friday, a sharp slowdown from nearly $731 million on Thursday, according to Farside Investors. BlackRock’s iShares Bitcoin Trust absorbed $117.4 million, representing about 67% of the day’s total.

Fidelity’s Wise Origin Bitcoin Fund was the only other US-listed spot Bitcoin ETF with a positive daily flow, adding $57.2 million, Farside Investors reported. The remaining products registered no net flow for the session.

That concentration gives BlackRock and Fidelity an outsized role in determining whether the market records an inflow or outflow on quieter trading days. A broad-based flow recovery would normally involve more of the competing funds reporting sustained subscriptions, while Friday’s numbers showed demand arriving through only two vehicles.

The decline from Thursday’s $731 million to Friday’s $174.6 million also makes clear that a positive weekly result did not translate into uninterrupted daily acceleration. ETF flows can fluctuate substantially across sessions, particularly when Bitcoin’s price moves quickly and trading desks adjust exposure near the end of the week.

Assets slipped after a brief rise above $103 billion

Total net assets held by US spot Bitcoin ETFs stood at $101.3 billion on Friday, according to SoSoValue. The figure had briefly reached $103.3 billion a day earlier.

Net asset values reflect both fund creations and redemptions and changes in the Bitcoin price held by the funds. The roughly $2 billion decline from Thursday’s level came as Bitcoin retreated from above $81,000, illustrating how quickly the dollar value of assets can change even when a fund category continues to report net new inflows.

Cumulative net inflows of $55.6 billion remain a useful measure of the capital that has entered these ETFs over their operating history, separate from their current total asset value. The gap between the two figures reflects the effect of Bitcoin’s price movements on the value of the holdings accumulated by the funds.

The latest weekly inflow was about 7% higher than the prior week’s total, based on SoSoValue data. That modest week-over-week increase came during a period when flows into US-listed spot Ether and XRP ETFs weakened substantially.

Bitcoin funds outpaced Ether and XRP products

US spot Ether ETFs collected $218.4 million during the week ending Friday, down from $824.4 million in the preceding week, according to SoSoValue. The decline represented a drop of about 74%.

US spot XRP ETFs recorded $19 million in weekly inflows, down about 83% from $110.5 million the week before, SoSoValue data showed. Both Ether and XRP products nevertheless remained in positive territory for the year: spot Ether ETFs had attracted about $863 million in net year-to-date inflows, while XRP ETFs had received roughly $515 million.

The comparison shows that Bitcoin ETF flows held up better than those of the two alternative crypto-asset categories during the latest week. It does not establish why traders selected one asset over another, but the divergence coincided with Bitcoin’s relatively contained weekly gain and a sharp intraday pullback below $79,000.

Bitcoin’s ETF market also has a much larger existing asset base than the newer Ether and XRP categories. With $101.3 billion in net assets across the US spot Bitcoin funds on Friday, even a single day of reduced subscriptions still left the category handling flow volumes that exceeded the latest weekly inflows recorded by XRP funds.

Weekly flows offer a demand gauge, not a price trigger

ETF subscription data has become a closely watched measure of demand for Bitcoin exposure through regulated US-listed products. Yet the relationship between daily flows and spot prices is not mechanical. Friday delivered positive net inflows even as Bitcoin fell below $79,000, while Thursday’s much larger inflow total occurred before the subsequent pullback.

The latest figures instead provide a snapshot of where capital entered regulated crypto funds during a volatile week. Bitcoin products added nearly $1 billion, while Ether and XRP funds continued to attract money at a slower pace. Whether the three-week Bitcoin inflow streak persists will depend on future subscriptions and redemptions, as well as the price movements that affect the value of the funds’ underlying holdings.


Curious how ETF flows shape price moves? Learn more in this ETF trading guide now.

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