Bitcoin ETF Flows Surge to $6.3 Billion in Q3

U.S. spot Bitcoin ETFs staged a significant turnaround in the third quarter, attracting $6.34 billion in net inflows after losing roughly $5 billion in the second quarter, according to SoSoValue data.

The buying coincided with Bitcoin's 42.7% quarterly gain, its strongest quarterly performance since the fourth quarter of 2024. However, the more important development for ETF investors may be happening beyond Bitcoin.

U.S. spot Ethereum ETFs attracted approximately $3.05 billion in the third quarter, reversing about $714 million of outflows in the second quarter. Ethereum itself gained roughly 71% during the quarter, substantially outperforming Bitcoin.

The flows were also broadening into smaller crypto assets. U.S. spot XRP ETFs pulled in approximately $308 million during the third quarter, taking cumulative inflows since launch to about $1.79 billion. XRP funds ended September with roughly $1.69 billion in assets.

A rising cryptocurrency accompanied by persistent ETF creations suggests investors are putting fresh capital to work rather than merely benefiting from mark-to-market gains.