Bitcoin ETF Inflows Exceed $700M as Historical Pattern Points to BTC Local Top

BlackRock’s IBIT dominated Thursday’s Bitcoin ETF inflows with approximately $454 million.
ByChayanika Deka

US spot Bitcoin ETFs ended August on an impressive note and appear to have continued to build momentum, recording $731 million in net inflows on September 3rd, their strongest single-day performance since January.

Now, a pattern has sparked speculation over whether Bitcoin could see another short-term top following the latest surge in ETF demand.

ETF Buying Explodes

Analyst Ted Pillows said that on the previous two occasions when Bitcoin ETFs recorded daily inflows above $700 million, first in October 2025 and then in January 2026, BTC went on to form a local peak shortly afterward.

Despite a minor hiccup on September 1st, which saw outflows of over $236 million, US-based spot Bitcoin ETFs have bounced back strongly. Total net assets reached $103.34 billion, representing just over 6% of Bitcoin’s market capitalization. Cumulative net inflows since the ETFs launched in January 2024 stood at $55.44 billion.

Data shared by SoSoValue revealed that BlackRock’s IBIT led the gains with around $454 million. Next up was Ark and 21Shares’ ARKB at $137.7 million, followed by Fidelity’s FBTC at $74.4 million. Grayscale’s two products attracted a total of $57 million in capital.

On the other hand, VanEck’s HODL and WisdomTree’s BTCW were the only funds to have posted outflows of $20 million and $5 million, respectively.

Over the past month, Bitcoin saw around 105,000 BTC equivalent in net capital inflows, and the US spot Bitcoin ETFs accounted for approximately 42,800 of that total. According to Axel Adler Jr., the fund inflows accounted for about 41% of the overall capital entering the market during the period.

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