{"id":13636,"date":"2026-09-23T21:56:57","date_gmt":"2026-09-23T21:56:57","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13636"},"modified":"2026-09-23T21:56:57","modified_gmt":"2026-09-23T21:56:57","slug":"bitcoin-etfs-just-erased-a-5-7-billion-hole-but-profit-taking-is-swallowing-the-new-demand","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13636","title":{"rendered":"Bitcoin ETFs just erased a $5.7 billion hole, but profit-taking is swallowing the new demand"},"content":{"rendered":"

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Bitcoin exchange-traded funds (ETFs) have erased their 2026 flow deficit after a sharp buying revival, even as the top crypto struggles to hold its latest gains.<\/p>\n

Data from SoSoValue shows that the US-listed funds have attracted more than $1.7 billion in fresh capital this week, with the products drawing $999 million on Sept. 21 and $715 million on Sept. 22.<\/p>\n

At the current pace, the funds are positioned to surpass their strongest inflow week of the year, when they drew about $1.92 billion during the week ended Aug. 21.<\/p>\n

BlackRock has captured a disproportionate share of the latest demand, with its iShares Bitcoin Trust (IBIT) attracting roughly $1.02 billion over four trading sessions, according to Arkham Intelligence.<\/p>\n

ETF buying repairs a $5.7 billion hole<\/h2>\n

The latest inflows cap a sharp reversal for a market that had accumulated a $5.69 billion year-to-date deficit by July 13.<\/p>\n

Askthetape data show roughly $6.04 billion has flowed back into the products since that trough, pushing the annual tally to about $349 million in net inflows. About $3.17 billion of the recovery came during the past 30 days.<\/p>\n

\"US\"US
US Bitcoin ETFs Year-to-Date Cumulative Flows (Source: Galaxy Digital)<\/figcaption><\/figure>\n

Bloomberg Intelligence ETF analyst Eric Balchunas said the renewed demand began gathering pace in August after Treasury Secretary Scott Bessent signaled increased purchases of longer-dated government bonds, a development some market participants interpreted as evidence of mounting pressure in long-duration debt markets.<\/p>\n

Bitcoin has risen about 35% since then, climbing from roughly $64,100 to above $85,000, while the ETFs absorbed about $4.6 billion over the same period, Balchunas said.<\/p>\n

The rebound has also repaired losses for investors who spent parts of 2026 holding ETF positions below their purchase price. The average cost basis of Bitcoin held through the funds is estimated near $82,000, leaving the cohort back in unrealized profit with BTC trading above $85,000.<\/p>\n

That marks a clear shift from July, when persistent redemptions were adding pressure to an already weak market. ETF investors are now increasing exposure after a roughly one-third rally, with fresh creations arriving as Bitcoin trades near eight-month highs.<\/p>\n

Profit-taking absorbs the ETF bid as Bitcoin slips below $85,000<\/h2>\n

That stronger demand helped push Bitcoin as high as $87,265 over the past 24 hours, but the rally has since lost momentum. Data from CryptoSlate<\/em> shows the cryptocurrency traded at $84,589 as of press time as investors increasingly took profits in the advance.<\/p>\n