Bitcoin ETF Inflows Reach $2.65 Billion in September
US spot Bitcoin ETFs have seen significant inflows in September, with approximately $2.65 billion entering the market. This marks the second-largest single-month inflow since October 2025, indicating continued institutional demand for the cryptocurrency. Analysts note that this trend has not waned, with Q4 sentiment and macroeconomic data remaining key focal points. According to data from SoSoValue, September inflows were lower than August's $3.52 billion, but still significantly above most periods over the past year. Spot Ethereum ETFs also recorded $832.43 million in inflows in September, compared to $1.85 billion in August.
Dominick John, an analyst at Zeus Research, stated that ETF inflows indicate institutional demand has 'not faded,' pointing toward a more sustainable recovery. 'With the Q4 bottom seemingly established, sustained ETF inflows are also signaling improving market sentiment and may set a more bullish tone heading into the final quarter of the year,' John said. Bitcoin (BTC) rose 3.1% over the past 24 hours, trading at $86,626 as of 1:00 AM ET on Friday, while Ethereum (ETH) gained 1% to $2,735.
The Crypto Fear & Greed Index stood at 69, in the greed zone. 'This indicates that sentiment has strengthened but has not yet reached extreme levels,' John said. Traders will continue to monitor ETF flows to gauge whether institutional demand persists, while keeping an eye on key US economic data, including the October 8 initial jobless claims report and inflation data.