On September 21, U.S. Spot Bitcoin ETFs saw record inflows of up to $998.95 million, becoming the highest level since after October 2025. As a result, the BTC price briefly surged to above $87,000, and inflows also entered Ethereum ETFs totaling $269.98 million. Currently, BTC is around $85,400 and ETH around $2,730. Although a rally has been driven by ETF inflows, liquidations of short positions, and a rise in risk appetite, volatility (price swings) may continue.
Key Developments and Regulations
Tokenized Stocks: The SEC has granted a five-year exemption from regulations for trading stocks on the blockchain.
ECB Pontes System: The European Central Bank has launched a system that enables blockchain-based securities to be settled in euros.
Clarity Act: Although legislative approval in the U.S. Senate has been delayed, the SEC/CFTC continue to shape things under the current regulations.
Analysis
Although the market is rising due to ETF inflows and institutional support, there are still legal uncertainties—so you should not buy impulsively and should ensure proper risk management by focusing only on good news.