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Bitcoin ETF inflows slow to $191M as six-day streak reaches $2.8B
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- DeepHorus
U.S. spot Bitcoin exchange-traded funds recorded approximately $191 million in net inflows on Thursday, extending their positive streak to six consecutive trading sessions. The buying lifted the cumulative total for that run beyond $2.8 billion, although the pace of inflows slowed for a third straight day. Thursdayâs result was well below Mondayâs surge but remained firmly positive, showing that demand did not disappear with the first pullback. The figures, based on SoSoValue data, offer a mixed snapshot: sustained participation on one hand and waning urgency on the other.
Daily inflows reached a 2026 high of $999 million on Monday before retreating over the next three sessions. Thursdayâs $191 million represented an 81% decline from that peak, while Bitcoin fell from above $87,000. Despite the slowdown, the six-session buying spree lifted year-to-date net inflows to roughly $787 million. This erased the approximately $5.5 billion deficit recorded at the end of June and marked a substantial recovery for the U.S. spot ETF market.
September has been the main engine behind the reversal, attracting $2.56 billion in net inflows so far this month. August delivered $3.52 billion, giving investors a strong foundation before the latest six-session run. Together, the two months generated $6.08 billion in inflows, far exceeding the fundsâ modest net gain year to date through Thursday. Those totals show how quickly the marketâs flow picture can change, with recent buying offsetting a much larger shortfall earlier in the year.
BlackRockâs iShares Bitcoin Trust, ticker IBIT and the largest U.S. spot Bitcoin ETF by assets, dominated Thursdayâs activity. The fund captured about $163 million of the $191 million total, according to Farside Investors data. Over the six-session streak, IBIT attracted roughly $1.35 billion, accounting for nearly half of all inflows across the products. That concentration makes the performance of the leading fund an important barometer for whether broader demand is holding up.
Bitcoin traded around $83,807 at the time of publication, down 0.3% over the previous 24 hours. The modest daily decline contrasted with an approximately 8% gain over the preceding seven days, underscoring the assetâs recent volatility. Bitcoinâs retreat from above $87,000 occurred alongside the slowdown in ETF subscriptions, though the reported figures do not prove that one caused the other. The broader backdrop also included a 19-year high in the U.S. 10-year Treasury yield, another potential source of pressure for risk-sensitive assets.
The marketâs response appears mixed rather than decisively negative. Inflows remained substantial enough to extend the streak, but their shrinking size suggested that the rush seen on Monday had lost momentum. A six-day run worth more than $2.8 billion can still support confidence in renewed demand, while the 81% drop from the peak can make investors more cautious about chasing the rally. The divergence between Bitcoinâs seven-day gain and its smaller daily decline similarly points to cooling enthusiasm, not a complete reversal.
Looking ahead, the key question is whether the slower pace marks a temporary pause or the start of a longer retreat in subscriptions. Continued ETF buying, Bitcoinâs ability to defend recent gains, and the path of interest rates will shape the next phase. Further inflows would reinforce the argument that the recovery from Juneâs deficit has momentum; renewed outflows would show how vulnerable that recovery is to price weakness and macroeconomic volatility. For now, the headline remains constructive but less exuberant: the six-day streak is intact, while its daily momentum is cooling.
