Bitcoin ETFs attract $731 million

BlackRock leads surge in demand U.S. spot Bitcoin ETFs recorded about $731 million in net inflows on September 3

This marked a rapid rebound in demand after heavy outflows from the market earlier in the month

BlackRock’s Bitcoin Trust (IBIT) dominated the day, with net inflows of about $454 million, accounting for more than 60% of total inflows across the category

According to BlackRock’s data, IBIT had already held about $60 billion in net assets before that day

The timing is especially notable

Bitcoin had been struggling above the $70,000 level amid geopolitical volatility and rising bond yields, but later broke above $80,000, with prices even climbing above $81,000

This came as Treasury yields eased and comments from Federal Reserve Governor Christopher Waller improved risk sentiment

At a Bitcoin price of about $81,000, $731 million is equivalent to roughly 9,000 BTC$BTC

That is about 20 times the roughly 450 BTC issued per day after the 2024 halving

This comparison does not mean ETFs necessarily bought that much spot BTC on the day

But it shows the scale of investment demand relative to newly mined supply

Demand was not limited to Bitcoin

U.S. spot Ethereum ETFs attracted about $141 million

Of that, BlackRock contributed about $72 million

This suggests the inflows reflected broad demand for regulated crypto exposure, not just a single flow into Bitcoin

For BTC, the bigger question is whether the September 3 rebound was an isolated move or the start of another sustained phase of ETF accumulation

For now, we can treat about $82,800 as a major resistance level

A clear break above this level would strengthen the technical case for a move toward $90,000 and even the 2026 high near $97,900

If ETF demand remains strong while BTC breaks above $82,800, new capital and technical structure would move in the same direction for the first time

#比特币以太坊触及数月高点