According to The Block’s aggregated data across 11 spot Bitcoin ETFs, the products logged approximately $2.7 billion in cumulative net inflows in September, sustaining steady capital inflow despite range-bound crypto asset prices. The continued allocation by institutions through the ETF channel reflects confidence in bitcoin as a long-term store of value that has not been shaken by short-term price swings.
Analysts note that this round of inflows was primarily driven by long-only institutions such as asset managers, pension funds, and family offices, with some hedge funds and short-term traders staying on the sidelines.