Spot Bitcoin ETF Inflows Hit $998.9 Million, Fueling Claims Crypto Winter Has Ended
AI Market Summary
U.S. spot Bitcoin ETFs saw nearly $1B net inflows, concentrated in major vehicles like IBIT and FBTC, reinforcing the view that institutional demand has re-accelerated. The move coincided with a sharp BTC rally and substantial short liquidations, suggesting positioning also amplified gains. Near-term focus is whether creations persist after the short-covering impulse fades, which would signal more durable risk-on crypto flows.
Impact level
● High
Affected assets
BTC/USDT-0.68%
AI Insight · BTC/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
U.S. spot Bitcoin exchange-traded funds pulled in $998.9 million of net inflows on Monday, according to SoSoValue flow data, as Bitcoin pushed above $86,000 to its highest level since January and briefly touched $87,360 on Tuesday.
Fundstrat's head of digital assets, Sean Farrell, told Yahoo Finance the move looked like a credible breakout and said he believes the crypto winter is over. Compass Point analyst Ed Engel also characterized crypto as being in the early phase of a new bull market, Yahoo Finance reported.
The bulk of Monday's inflows went to the largest products, including BlackRock's iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB). As of Tuesday, IBIT held about $68 billion in net assets, the biggest spot Bitcoin ETF. FBTC had about $13.9 billion, while the Grayscale Bitcoin Trust ETF had $11 billion. Grayscale's Bitcoin Mini Trust stood at about $5.1 billion.
The renewed buying followed roughly $450 million of outflows from Bitcoin ETFs on Sep. 15, their weakest session since June. Flows then turned positive again on Sep. 18, when spot Bitcoin ETFs drew $433 million led by FBTC and IBIT.
On the Ether side, U.S. spot Ether ETFs logged about $143.8 million in inflows on Sep. 18, led by BlackRock's iShares Ethereum Trust (ETHA). ETHA had about $9.2 billion in assets as of Sep. 18. Fidelity Ethereum Fund was also cited as a key gauge for whether institutional demand is expanding beyond Bitcoin.
Nansen senior research analyst Nicolai Sondergaard attributed the rally to renewed ETF demand and a large short squeeze, according to Yahoo Finance. Nearly $919 million in crypto short positions were reportedly liquidated during the surge, based on Coinglass data cited by Investor's Business Daily.
Market watchers said continued share creations in IBIT, FBTC and ARKB would help confirm underlying investor demand once the short-covering wave subsides. The central question is whether the near-$1 billion Bitcoin ETF inflow signals the start of a sustained trend or reflects a rebound amplified by short covering.
