- U.S. spot Bitcoin ETFs recorded about $2.3 billion in inflows from September 8 to 12.
- BlackRock and Fidelity captured the largest share of investments.
- Daily inflows signaled consistent demand, peaking mid-week.
- Institutional investors are behind much of the recent growth, pointing to long-term interest in Bitcoin.
- Expectations around U.S. Federal Reserve rate cuts coincided with a surge in Bitcoin’s price above $114,000.
U.S. spot Bitcoin exchange-traded funds (ETFs) attracted approximately $2.3 billion in new investments over the five trading days from September 8 to September 12. This marks the highest weekly inflow since July, as investors rapidly added money to these funds.
According to data from Farside and SoSoValue, BlackRock’s iShares Bitcoin Trust received over $1 billion, and Fidelity’s Wise Origin Bitcoin Fund brought in almost $850 million. Other issuers, such as Ark Invest and Bitwise, also saw inflows, though on a smaller scale.
Daily numbers reflected a steady pattern of investment: $364 million on Monday, $23 million on Tuesday, $742 million on Wednesday, $553 million on Thursday, and $642 million on Friday. “Last week’s inflows signal clear demand impulse, the one that looks both meaningful and timely,” said Georgii Verbitskii, a derivatives trader and founder of TYMIO.
As the start of the traditional business season begins, Verbitskii noted this trend often sets the tone for the rest of the year. “The base case … is that this could be the beginning of a new uptrend, with strong potential for further growth into Q4,” he added. Wesley Crook, CEO of FP Block, noted the activity is driven by expectations of Federal Reserve rate cuts and the entrance of more enterprises into the market. “I expect the momentum to likely continue as institutional allocations for Bitcoin bring upward pressure on prices,” Crook said.
Prediction market users on Myriad assigned an 88% chance to a Federal Reserve 0.25% rate cut this month, coinciding with the ETF inflows. During this time, Bitcoin’s price climbed above $115,000 and traded around $114,600, according to CoinGecko.
Farbod Sadeghian, founder of TheBlock., stated that “structural demand is the real story here,” as institutional investors increasingly view Bitcoin as a long-term asset. Sadeghian added that while rate cuts may offer short-term support, the main factor is steady institutional integration of Bitcoin into portfolios, aided by the easier access provided by ETFs.
Though recent inflows echo the levels seen in July, Sadeghian and others expect ETF adoption to steady and grow, even if flows vary week to week, as investors continue to incorporate Bitcoin ETFs into standard investment products.
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