Spot Bitcoin ETFs in the U.S. recorded net inflows of $2.39 billion for the week, marking the highest weekly total for 2026. Despite this record, daily data from SoSoValue shows a decline in activity: inflows dropped from $998.95 million on September 21 to $134.47 million by Friday. Currently, these funds manage total assets worth $108.42 billion.
Market analysts offer conflicting views on the drivers behind recent price movements. While some point to exchange outflows of $2.52 billion between September 22 and 24 as evidence of accumulation, others highlight a supply-side squeeze. Data from River indicates that 81% of Bitcoin supply has remained stationary for at least six months, while trading volumes have decreased by 30% since the start of the year.
Large-scale investors continue to increase their holdings, with wallets containing 100 to 1,000 BTC acquiring 113,950 BTC since July 15. Long-term holders have added over 3 million BTC to their positions since 2020. Meanwhile, the market awaits the upcoming personal consumption expenditures inflation report scheduled for September 30, which may influence future price trends.
The recent surge in ETF interest followed a 6.7% increase in Bitcoin price and the forced closure of $262 million in short positions. However, after the Federal Reserve adjusted interest rates to a range of 3.75% to 4% on September 16, market sentiment shifted. Bitcoin currently trades near $84,241, reflecting a minor 24-hour decline of 0.06%.
