US spot Bitcoin exchange traded funds recorded $730.9 million in net inflows on September 3, marking their strongest single day since January 14, when inflows reached $843.6 million.
The surge came as Bitcoin regained the $80,000 level and briefly climbed above $82,000, putting renewed attention on activity across the US spot ETF market.
According to SoSoValue’s Bitcoin ETF data, BlackRock’s iShares Bitcoin Trust led the inflows with approximately $453.96 million, accounting for about 62% of the total daily inflow.
Key Insights
- US spot Bitcoin ETFs recorded $730.9 million in net inflows on September 3.
- BlackRock’s IBIT attracted approximately $453.96 million, the largest share of the daily inflows.
- August brought roughly $3.5 billion in net inflows, making it the strongest month for US spot Bitcoin ETFs since September 2025.
- Bitcoin reclaimed $80,000 and briefly moved above $82,000 during the same period.
- Analysts pointed to institutional participation and short covering as important factors behind the recent market activity.
BlackRock Leads ETF Inflows
BlackRock’s IBIT was responsible for the largest portion of Thursday’s inflows, bringing in approximately $453.96 million.
ARK 21Shares Bitcoin ETF followed with $137.74 million, while Fidelity’s FBTC recorded $74.45 million. Grayscale’s Bitcoin Mini Trust attracted $48.79 million, Bitwise’s BITB added $24.76 million, and GBTC recorded $8.22 million.
Morgan Stanley’s Bitcoin ETF also registered $7.71 million in inflows.
Not every fund saw positive flows. VanEck’s HODL recorded approximately $19.58 million in outflows, while WisdomTree’s BTCW lost about $5.16 million. The concentration of inflows in IBIT was notable. Crypto analyst Rachael Lucas said the pattern points toward institutional allocation rather than short term retail positioning.
Bitcoin Reclaims $80,000
Bitcoin’s move back above $80,000 coincided with the strong ETF inflows. The cryptocurrency briefly traded above $82,000 as investors responded to a combination of market activity and broader economic developments.
Federal Reserve Governor Christopher Waller said on September 3 that he was inclined to keep interest rates steady if inflation continues to cool. His comments came as investors assessed the direction of US monetary policy, with stocks and crypto assets also seeing stronger activity. The broader market context was also covered in The Block’s report on the Bitcoin ETF inflows.
Short Covering Also Played a Role
The ETF inflows were not the only factor behind Bitcoin’s recent move. Crypto analytics firm CryptoQuant said the rally had been driven largely by short covering rather than a major increase in new long positions or fresh spot demand.
The firm also reported that Bitcoin holders realized about 23,000 BTC in net profits on August 21, the highest daily amount recorded that year at the time. Since August 19, approximately 110,000 BTC had been realized in profits. The data provides additional context for the market’s recent price action, showing that existing positions and derivatives activity were significant parts of the move alongside ETF demand.
Other Crypto ETFs See Inflows
Bitcoin was not the only digital asset seeing ETF activity. US spot Ether ETFs recorded approximately $141.39 million in net inflows on September 3. BlackRock’s ETHA led with $72.07 million, followed by Fidelity’s FETH with $65.11 million.
Invesco’s QETH added $5.39 million, while Grayscale’s Ethereum Mini Trust recorded $3.60 million. Grayscale’s ETHE, however, saw approximately $6.07 million in outflows.
XRP ETFs recorded $6.14 million in net inflows, with Franklin Templeton’s XRPZ and Bitwise’s XRP ETF each attracting about $3.19 million.
Solana ETFs also posted positive flows, recording approximately $6.40 million. Grayscale’s GSOL accounted for $4.38 million, while Bitwise’s BSOL brought in $2.02 million.
For additional daily fund level tracking, investors can also view Farside’s Bitcoin ETF flow data.
Conclusion
The latest ETF figures show a significant return of capital into US listed Bitcoin investment products, with BlackRock’s IBIT absorbing the largest share of Thursday’s inflows.
Bitcoin’s move back above $80,000 occurred alongside strong ETF demand, while data from CryptoQuant indicates that short covering also contributed to the market’s recent activity.
The latest figures put institutional ETF flows and derivatives positioning at the center of the market’s most recent move, while broader monetary policy developments remain part of the backdrop for crypto trading.
