Bitcoin Defies Rising Yields with Record Fund Inflows

Bitcoin funds experienced their largest weekly inflow of the year, attracting $3.55 billion in the week ending September 29, 2026, with Bitcoin (BTC) funds alone accounting for $2.52 billion.

This comes as the 10-year Treasury yield reached its peak since 2002 at 5.31%, a level typically associated with investors moving out of non-interest-bearing assets like BTC and into bonds offering higher returns.

However, despite the rising yields, Bitcoin has performed well in recent weeks, gaining approximately 10% in September, its best performance in that month since 2012.

The rally can be attributed to fund buyers, with U.S. spot Bitcoin ETFs bringing in about $2.4 billion within five trading days through September 25, and Ethereum funds adding $702 million during the week CoinShares tracked.