crypto

Bitcoin ETF flows flip 2026 positive, but the Strategic Reserve still hasn't bought

Published September 28, 20263 min read
Line chart of Bitcoin (BTC-USD), last 90 days (USD) on a dark background
US spot Bitcoin ETFs pulled in roughly $2.4 billion last week, flipping 2026 flows positive — even as the Strategic Reserve remains empty-handed. Illustration: MarketIntelLabs

US spot Bitcoin ETFs flipped their 2026 net flows positive for the first time this year, and the week's best number had nothing to do with price speculation. About $2.4 billion came in across the five sessions through September 25, the category's largest weekly haul since October 2025 , according to The Block. That single week retired the narrative that ETF buyers are distributors rather than accumulators, a story that had capped rallies since the summer.

Key Takeaways US spot Bitcoin ETFs drew about $2.4B in net inflows the week ending Sept 25, their largest weekly gain since October 2025, per The Block. Seven straight sessions of $100M+ inflows through Sept 25 totaled roughly $2.98B, flippi…

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