The US spot Bitcoin ETF market has started September with a clear sign of renewed demand. On Monday, Bitcoin exchange-traded funds recorded $216.7 million in net inflows, according to SoSoValue data. The result came after the funds saw $201.8 million in withdrawals on Friday.
The latest figure is important because Friday’s outflow had ended a strong nine-session run. During that earlier period, US spot Bitcoin ETFs attracted more than $3 billion. The return to positive flows suggests that large investors have not stepped away from Bitcoin, even as the wider market faces pressure from higher oil prices, rising bond yields and greater expectations for a US Federal Reserve rate hike.
Bitcoin traded near $78,700 at the time of the ETF flow report, with a gain of about 1.5% over 24 hours. The asset has also entered September after a strong August, when Bitcoin gained about 24%. That was its strongest monthly performance since November 2024.
BlackRock Leads the Recovery
The most notable part of the latest ETF data is the role of BlackRock. Its iShares Bitcoin Trust ETF, or IBIT, brought in $205.9 million on Monday. That figure made up about 95% of the total $216.7 million Bitcoin ETF inflow.
This shows how much influence one fund now has over the US Bitcoin ETF market. BlackRock has become one of the largest names in the digital asset investment space, and its fund often has a major effect on the daily flow numbers.
Other Bitcoin funds also saw fresh money, although their numbers were much smaller. Fidelity’s Wise Origin Bitcoin Fund added $6.9 million. Bitwise’s Bitcoin ETF added $4.3 million. Morgan Stanley’s Bitcoin Trust received $3.6 million, while Grayscale’s Bitcoin Mini Trust saw $9.4 million in net inflows.
VanEck was the only fund in the group with a net outflow. Its HODL Bitcoin ETF lost $13.4 million on Monday. The remaining funds reported no flows for the session.
A Sharp Change From Friday
The move from a $201.8 million outflow on Friday to a $216.7 million inflow on Monday gives a simple picture of how quickly investor demand can change.
Friday’s outflow had ended nine straight sessions of positive Bitcoin ETF flows. That nine-session period brought more than $3 billion into the funds. The latest return to positive territory therefore matters beyond the single-day number.
It suggests that the Friday withdrawal may have been a short pause rather than proof of a major change in investor demand. Still, one positive session cannot confirm a new long-term trend. The next few trading sessions will show whether money continues to enter these funds at a steady pace.
That detail matters because ETF flows have become one of the clearest ways to track institutional interest in Bitcoin. When money enters spot Bitcoin ETFs, fund managers need to buy Bitcoin to support the products. Strong and steady flows can therefore create an important source of market demand.
Ethereum ETFs Keep Their Strong Run
Bitcoin was not the only major crypto asset to see strong ETF demand.
Spot Ether ETFs recorded $87.7 million in net inflows on Monday. This marked the 11th consecutive trading session of inflows for Ether funds.
BlackRock also led the Ether market. Its iShares Ethereum Trust ETF, known as ETHA, received $59.9 million. Grayscale’s Ethereum Mini Trust added $13.5 million, while Fidelity’s Ethereum Fund brought in $9.3 million.
The 11-session streak is notable because it shows that institutional interest is not limited to Bitcoin. Investors appear willing to place capital into other major digital assets through regulated investment products as well.
Ether itself was trading just above $2,440 on Tuesday, with a decline of about 1% over 24 hours at the time of the market report. This shows that strong fund flows do not always lead to an immediate rise in the token price. Market prices also depend on wider economic conditions, leverage, trader activity and overall risk appetite.
XRP Funds Reach 10 Straight Sessions
XRP ETFs have also kept their positive trend.
XRP-focused funds recorded $5.64 million in net inflows on Monday, marking their 10th consecutive session of positive flows. The funds have attracted capital during every US trading session since August 18.
The amount is much smaller than the Bitcoin and Ether figures, but the length of the streak is important. Ten straight positive sessions show steady demand rather than a single large transaction.
XRP has also remained a major focus in the wider crypto market. At the time of the latest market report, XRP traded just below $1.40.
Solana Also Keeps Its Streak
Solana ETF products recorded their 10th consecutive positive session on Monday. However, the size of the inflow fell sharply.
Solana ETFs received $925,010 on Monday. That was much lower than the $18.1 million recorded on Friday. Monday’s figure was the weakest daily inflow during the current positive streak.
This difference is worth noting. A positive flow is still better than an outflow, but the sharp drop suggests that the pace of new demand has slowed. Investors will likely watch the next few sessions to see whether Solana funds can regain stronger inflows or whether the streak starts to lose strength.
Bitcoin Faces a Tough Macro Backdrop
The ETF data looks positive, but Bitcoin is not trading in an easy market.
Bitcoin has held above $78,000, yet it has struggled to move clearly beyond the $80,000 level. Higher oil prices and rising US Treasury yields have added pressure to risk assets.
Brent crude rose to about $91 a barrel, while the US 10-year Treasury yield reached about 4.78%. At the same time, traders placed about 64% odds on a Federal Reserve rate hike at the September 16 meeting, up from about 36% before Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.
Higher interest rates can make assets such as government bonds more attractive. They can also reduce the amount of money investors are willing to place in higher-risk assets such as cryptocurrencies.
That makes the latest ETF inflow even more notable. Bitcoin has received fresh institutional demand at a time when the wider financial market faces a less friendly backdrop.
Strategy Returns as a Bitcoin Buyer
Another major Bitcoin story has also added support to the market mood.
Strategy bought 4,603 Bitcoin for about $370 million, marking its first Bitcoin purchase since June. The company paid an average of $80,318 per Bitcoin for the latest purchase.
The purchase brings Strategy’s total Bitcoin holdings to 845,050 BTC, worth about $66 billion based on the market value reported at the time.
The purchase matters because Strategy is one of the most visible corporate holders of Bitcoin. Its return as a buyer gives the market another example of large-scale institutional demand.
What the ETF Numbers Mean
The latest data gives the crypto market a mixed but important message.
Bitcoin ETFs are back in positive territory after Friday’s $201.8 million outflow. BlackRock alone supplied $205.9 million, or about 95% of Monday’s total. Ether ETFs have now posted inflows for 11 straight sessions, while XRP and Solana funds have each recorded 10 consecutive positive sessions.
At the same time, Bitcoin still faces pressure from higher yields, oil prices and rising expectations for a September rate hike. The asset also remains below the key $80,000 level after a strong 24% August gain.
For now, the ETF numbers show that institutional demand remains active. The bigger question is whether this demand can continue through September and provide enough support for Bitcoin to move above $80,000. The next several trading sessions should offer a clearer answer.
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