U.S. spot bitcoin ETFs have erased a $5.8 billion year-to-date deficit, returning to nearly $800 million in net inflows by late September. The recovery closed the gap that opened in July, when the funds sat $5.8 billion in the red on July 13.
The six-day streak
The rebound came with $2.84 billion in inflows over six straight sessions. Daily flows hit a 2026 high of $999 million on Monday, then fell for three consecutive sessions. Thursday’s total was down 81% from Monday’s, according to SoSoValue.
BlackRock’s IBIT pulled in about $163 million on Thursday alone, per Farside Investors. Across the six-day stretch, IBIT took in roughly $1.35 billion, nearly half of the funds’ combined flows. The available coverage does not break out other issuers in the same detail.
Smaller than the last two runs, and 2024
The current run is the third six-day streak on record, and the smallest. A Feb. 22 to 29, 2024 streak brought in $2.35 billion. A Nov. 6 to 13, 2024 streak took in $4.73 billion, nearly double what just happened.
Nearly $800 million in year-to-date inflows is a sharp recovery from the July low. It is still a fraction of the $35.2 billion pulled in during 2024 and the $21.4 billion in 2025. September alone has attracted $2.56 billion so far, following $3.52 billion in August.
Bessent and the Treasury backdrop
Roughly $4 billion of the inflows arrived after Treasury Secretary Scott Bessent’s August announcement of increased bond purchases. The announcement came as 10-year Treasury yields hit a 19-year high, a backdrop flagged as Bitcoin slipped below $84,000.
A stalled rally above $85,000
Bitcoin climbed from under $58,000 in early June to about $85,000. The rally has stalled above that level since Tuesday. Some analysts now see a new bull run underway. Bitcoin traded around $83,807, down 0.3% over 24 hours but up 8% over seven days, per CoinGecko.
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