Bitcoin exchange-traded funds (ETFs) in the United States posted strong net inflows, even after the leading cryptocurrency’s price declined below $84,000. According to SoSoValue data, US spot Bitcoin ETFs received $347 million in inflows on September 23, continuing the asset class’s streak of attracting fresh capital.
BlackRock leads ETF inflows
BlackRock’s iShares Bitcoin Trust (IBIT) remained the frontrunner among US spot Bitcoin ETFs, securing approximately $166 million in net inflows during the latest session. This figure represented nearly half of the total capital entering US spot Bitcoin ETFs for the day, underscoring the dominant role BlackRock plays within this investment sector.
The iShares Bitcoin Trust is an exchange-traded fund that tracks the price of Bitcoin, offering institutional and retail investors exposure to the cryptocurrency without direct ownership.
Mini dictionary: BlackRock is the world’s largest asset management firm. Its iShares ETF business issues a range of exchange-traded products, including its Bitcoin and Ether ETF offerings.
While IBIT led inflows, Ether-based ETFs also attracted significant investment. U.S. spot Ether ETFs received $105 million on September 23, with BlackRock’s ETHA ETF drawing $50.8 million of this sum. This input reflected robust demand for cryptocurrency ETFs beyond just Bitcoin.
Record-breaking inflows during the week
The combined net inflows for the largest US spot cryptocurrency ETFs reached $452 million on September 23, with Bitcoin ETFs accounting for a majority share. This sustained appetite for crypto-based ETFs comes despite pronounced volatility in the underlying prices.
Bitcoin ETFs registered five consecutive trading sessions of net inflows during the week, showing consistent investor interest. Although the $347 million figure on September 23 trailed some earlier daily highs, inflows remained notable compared to the broader market conditions.
For comparison, US spot Bitcoin ETFs pulled in $159.5 million on September 17 and surged to $433 million on September 18. On September 21, Bitcoin ETFs experienced their largest one-day inflow in about 11 months, attracting $998.95 million. BlackRock’s IBIT topped that session as well, reporting $381.4 million in inflows, with ARK and 21Shares’ ARKB following with $289.1 million, and Fidelity’s FBTC adding $238.8 million.
| Date | Total Inflows | Leading ETF (Inflows) |
|---|---|---|
| Sept. 17 | $159.5 million | IBIT (undisclosed) |
| Sept. 18 | $433 million | IBIT (undisclosed) |
| Sept. 21 | $998.95 million | IBIT ($381.4 million) |
| Sept. 22 | $714.75 million | IBIT ($350.3 million) |
| Sept. 23 | $347 million | IBIT ($166 million) |
On September 22, inflows remained elevated at $714.75 million, with IBIT once more topping the list at $350.3 million. Morgan Stanley’s MSBT, a recent entrant to the ETF market, also attracted considerable attention with a $99 million inflow on the same day.
Bitcoin ETFs recover from early 2026 losses
While the most recent daily inflow was lower than the near-$1 billion peak earlier in the week, industry observers noted that the ability to attract substantial capital amid a sharp price dip speaks to investor confidence in Bitcoin ETFs. After a challenging start to 2026, marked by periods of net outflows, US spot Bitcoin ETFs have now returned to positive territory for the year.
Despite a drop below $84,000 in Bitcoin prices, US spot Bitcoin ETFs registered five straight sessions of net inflows, showing strong investor demand for both Bitcoin and Ether products.
