Capital is clearly flowing back into crypto assets. IBIT has attracted about $3.7 billion in net inflows so far this quarter, including $3.0 billion in inflows in August alone—its highest level since October 2025; and about $460 million in inflows from September to date. Assets under management have risen to $62.6 billion, up $19.6 billion from the beginning of July. The pace of fund reflow is still accelerating.