Last week, U.S. spot Bitcoin exchange-traded funds experienced an impressive influx of approximately $2.3 billion, marking the highest weekly inflow since mid-July.
This surge occurred over all five trading days from September 8 to September 12, as per data compiled by Farside and SoSoValue. Leading the charge was BlackRock’s iShares Bitcoin Trust with inflows exceeding $1 billion, while Fidelity’s Wise Origin Bitcoin Fund attracted nearly $850 million. Other firms like Ark Invest and Bitwise also saw increases in their inflows, albeit at a smaller scale.
The daily flow figures indicated consistent demand throughout the week. The activity began on Monday with $364 million flowing in, followed by a quieter Tuesday that saw only $23 million added. However, Wednesday witnessed a significant uptick to $742 million; Thursday brought in another $553 million and Friday closed out strong with an additional $642 million.
Georgii Verbitskii, a derivatives trader and founder of decentralized protocol TYMIO, commented on last week’s results saying they indicate “a clear demand impulse that appears both substantial and timely,” as reported by Decrypt.
Verbitskii pointed out that the transition from September to October signifies “the onset of the business season,” which often influences trends extending into year-end. He suggested this could potentially signal “the start of a new upward trend with considerable prospects for growth heading into Q4.”
However, Wesley Crook—CEO of blockchain engineering firm FP Block—cautioned that while these inflows reflect a return to levels seen in mid-July, “the figure alone isn’t transformative.” He noted for Decrypt, “Much of this activity is fueled by expectations surrounding rate cuts alongside an increasing number of enterprises entering the market.” Crook anticipates continued momentum as institutional investments in Bitcoin exert “upward pressure on prices.”
Pre-Fed Surge
This surge coincided with rising expectations regarding potential interest rate cuts from the U.S. Federal Reserve during its upcoming meeting this week; users on prediction market Myriad—launched by DASTAN (parent company of Decrypt)—are estimating an 88% likelihood for a 25 basis point cut.
During this timeframe,Bitcoin’s price climbed back above $115,000 bolstering investor confidence further. As it stands now,Bitcoin is trading around $114,600 according to CoinGecko data.
“The real narrative here is structural demand,” stated Farbod Sadeghian—the founder of TheBlock., an international virtual asset chamber based in Dubai—in comments made to Decrypt.
Sadeghian explained that while expectations for rate cuts might create “a more favorable environment for risk assets,” such conditions are likely temporary.
“The more significant factor is how investors—particularly institutions—now regard Bitcoin as something worth holding long-term,” he elaborated further noting that “the ETF structure facilitates easier access but fundamentally reflects genuine interest in exposure to the asset itself.”
Sadeghian also observed that although Bitcoin ETF inflows may not always be perfectly steady or smooth sailing ahead; they are expected to “stabilize and grow” amid macroeconomic-driven momentum as institutional players gradually incorporate Bitcoin ETFs into their standard investment portfolios.