ETF Buying Frenzy Drives Bitcoin Price to New Heights
Bitcoin ETFs attracted over $2 billion in net inflows this week, marking one of the most aggressive institutional buying sprees since late 2025. The surge came despite Bitcoin's price briefly topping $87,397, only to be rejected and slide back below $84,000.
The standout moment came on September 21, when spot Bitcoin ETFs recorded a single-day net inflow of approximately $999 million. This figure represents the largest one-day haul since October 2025, when Bitcoin was riding different momentum.
BlackRock's IBIT absorbed $381 million, ARK 21Shares' ARKB took in $289 million, and Fidelity's FBTC attracted $239 million on that day. These three products accounted for the majority of the day's inflows, reinforcing how concentrated the ETF market remains among a handful of heavyweight issuers.
Since August 19, cumulative ETF net inflows have reached approximately $4.6 billion. This sustained buying has dragged year-to-date flows into positive territory at roughly +$320 million, marking a notable turnaround after months of outflows.