According to Bloomberg, U.S.-listed spot Bitcoin ETFs saw cumulative net inflows of about $320 million in 2026. Since August 19, when the U.S. Treasury said it would increase long-term bond repurchases, inflows have been about $4.6 billion, reversing the net outflows earlier in the year. During the same period, Bitcoin rose by about 35% to above $86,000, and the total market capitalization of crypto assets returned to $3 trillion for the first time since January. Open interest in crypto perpetual contracts rose to about $160 billion, the highest level since late October last year.