Bitcoin ETFs Returned to Inflows Last Week With $6.1M, Up 100% Week Over Week

U.S. spot Bitcoin ETFs recorded about $6.1 million in net inflows from September 14 to September 18. Notably, this represents more than a 100% week-over-week improvement from the previous week’s large net outflows.

The inflow was equivalent to about 170 BTC. For context, Bitcoin’s network created roughly 3,150 BTC over seven days, meaning ETF inflows during the five-day trading week were equivalent to only about 5.4% of the Bitcoin newly created during that period.

Meanwhile, BTC gained 5.7% in price during the week.

Net Flows Improved by More Than 100% Week Over Week

The previous week ended with about $462.7 million in net outflows. Week 14, however, reversed that trend, recording about $6.1 million in net inflows. That represents a more than 100% week-over-week improvement, with a roughly $468.8 million turnaround from the previous week’s net outflows.

Despite the sector ending only slightly positive, several funds recorded notable inflows during the week. BlackRock’s IBIT led with $120.6 million in net inflows, followed by Fidelity’s FBTC with $79.9 million. Other funds recorded a mix of inflows and outflows, which largely offset these gains and left the sector with a combined weekly net inflow.

Large Swings Behind the $6.1M Net Inflow

The small weekly net figure hides much larger movements throughout the week.

The week started with about $159.9 million in net inflows on September 14, equivalent to roughly 2,080 BTC. But that momentum reversed sharply over the next two sessions. ETFs recorded about $450.4 million in net outflows on September 15, followed by another $295.9 million on September 16. Together, investors pulled about $746.3 million from the funds across those two days.

The flow picture turned around again on Thursday, with ETFs recording about $159.5 million in net inflows. Friday brought an even larger $433 million inflow, the biggest daily inflow since September 3.

Friday’s buying helped recover much of the week’s earlier losses. Fidelity’s FBTC accounted for about $310.7 million of the day’s inflow, while BlackRock’s IBIT added another $108.4 million.

ETF Inflows Covered Just 5% of Weekly New Supply

The week’s 170 BTC net ETF inflow was small compared with the amount of new Bitcoin created over the same period.

Bitcoin produces roughly 450 BTC per day, or about 3,150 BTC over seven days. Against that supply, the ETFs’ 170 BTC net inflow represented about 0.05× the Bitcoin created during the week.

Put simply, for every 1 BTC of new Bitcoin created, the ETFs recorded about 0.05 BTC of net buying.

Bitcoin Gained 5.7% as ETF Flows Turned Positive

Bitcoin also moved sharply during the week. It opened September 14 at around $76,804 and closed the week near $81,152, gaining approximately 5.7%.

The strongest price movement came toward the end of the week. On September 18, Bitcoin opened around $76,355 and closed near $80,879, a gain of approximately 5.9% during the session. That was also the day ETFs recorded their largest inflow of the week, at about $433 million, equivalent to roughly 5,670 BTC.

The earlier selling sessions coincided with weaker price action. On September 15, Bitcoin fell from around $78,185 to $75,577, while ETFs recorded their largest daily outflow of the week at approximately $450.4 million.

Across these key sessions, ETF flows and Bitcoin’s price moved in the same direction. The figures show a clear day-to-day relationship during the week, although they do not establish that ETF flows were the cause of the price movements.

At the same time, a 5.7% weekly gain and a late-week ETF rebound, during a stretch of macro uncertainty, show buyers were still willing to step in. That is evidence of resilience, which adds a more positive tone to Bitcoin’s near-term market outlook.

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