Over the last three weeks, Bitcoin ETFs have captured approximately $3.8 billion. This is their best performance since the start of this year. In the last week, they attracted an additional $986.9 million, despite a withdrawal. This recovery therefore confirms the return of institutional demand, however it has not yet made up all the outflows recorded since January.
In brief
- Bitcoin ETFs attract nearly $3.8 billion in three weeks.
- BlackRock and Fidelity concentrate the entries recorded on Friday.
- Flows remain positive despite bitcoin falling below $80,000.
- Capital is shifting to bitcoin, while Ethereum and XRP ETFs are slowing.
Three weeks erases a large part of 2026 releases
In the week ending September 4, Bitcoin ETFs saw $986.9 million in inflows. This result exceeds the entries of the previous week by almost 7%.
The total is around $3.8 billion over three weeks. However, ETFs still show nearly $1 billion in outflows year-to-date. The current recovery has therefore significantly reduced the deficit without completely erasing it according to the data from SoSoValue.
Key statistics reveal the importance of capital inflows:
- Admissions reached $986.9 million in the last week;
- The cumulative figure for the last three weeks amounts to nearly 3.8 billion;
- Net inflows since launch are around 55.6 billion;
- The net assets held by the funds constitute 101.3 billion;
- The 2026 balance remains negative by around one billion dollars.
Around 1.92 billion were collected in the first week of this series. Nearly $924 million was added in the following weekly period, then $986.9 million in the last. This consistency distinguishes the current sequence from a simple exceptional day.
BlackRock captures two-thirds of Friday’s entries
On September 4, ETFs captured $174.6 million. This sum remains significantly lower than the 730.8 million attracted the day before, however it allows the category to close the week with a second consecutive session in the green.
BlackRock’s IBIT ETF received $117.4 million, almost 67% of the daily total. Fidelity’s FBTC brought in $57.2 million. As for the other funds, they did not record any net inflows or outflows during the session, according to the Farside Investors table.
This dominance of BlackRock is also visible in the cumulative data. IBIT has totaled over $64 billion in inflows since its launch. Fidelity is close behind with nearly $10.3 billion.
This concentration translated that a significant part of demand still depends on two large funds. During the day on Friday, IBIT and FBTC provided all the positive flows in the category.
Inflows increase despite bitcoin returning below $80,000
Bitcoin fell from nearly $81,200 to below $79,000 during Friday trading. Then, it progressed around $79,700. However, it maintained a weekly evolution close to 2.6%.
ETFs therefore continued to capture capital despite the price decline. This divergence may indicate that some investors are using the decline to consolidate their exposure. However, it does not guarantee an immediate resumption of the course.
This distinction is illustrated by the total valuation of assets held by ETFs. From Thursday to Friday, it went from 103.3 billion to 101.3 billion dollars, even though the funds raked in 174.6 million dollars. The fall of bitcoin decreased the valuation of holdings faster than new capital increased it.
Thus, the net flows evaluate the subscriptions and redemptions of shares. The assets also take into account the progression of the price of bitcoin. An increase in inflows therefore does not immediately trigger an equivalent increase in assets under management.
Capital is moving from Ethereum and XRP ETFs
On Bitcoin ETFs, demand has consolidated, however it has fundamentally slowed down on other crypto products. Ethereum ETFs recorded only $218.4 million for the week, compared to $824.4 million during the previous week. This decline is around 74%.
Inflows at the XRP ETF level fell from $110.5 million to $19 million, a drop of nearly 83%. Despite this slowdown, both categories have remained positive since January. Ethereum products have accumulated nearly $863 million in inflows this year, compared to $515 million for those dedicated to XRP.
The current movement therefore signals a rotation of capital towards bitcoin. For confirmation of a lasting trend, Bitcoin ETFs must maintain positive inflows and clear the $1 billion in outflows still accumulated since the beginning of this year.
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