Spot BTC ETF for the first time in 2026 is back in the green for the year — and the reversal is linked not to the “halving,” but to buybacks of long-duration Treasurys of the Ministry of Finance.
Figures (The Block / SoSoValue, week to Sep 25). Spot $BTC ETF: +2,4$ billion over the week — best result since October 2025. YTD: +934,1$ million in the green (as of July 13 it was −5,8$ billion). IBIT for the same week +1,2$ billion. Spot $ETH ETF: +689,9$ million (a week earlier −140$ million). $SOL ETF on Friday — record day +86,7$ million (Bitwise BSOL 55,7$ million), total AUM ~1,5$ billion. Cumulative BTC ETF since launch: 57,6$ billion in net inflows, AUM 108,4$ billion. Geraci: after the announcement of the Ministry of Finance buybacks, about 5,3$ billion flowed into spot.
My take: yesterday I looked at the daily momentum and yield. Today the annual figure matters more — in two months the market has closed the gap by almost 6$ million. The price isn’t rushing to 90k while inflows are still live: the ceiling is still in bonds. But the YTD flip itself says institutions haven’t left — they were waiting for liquidity from buybacks.
Question: the next $BTC push — a break of 87–90k on continued ETF inflows, or does it need a pause first while 10y cools down?
$BTC $ETH $SOL #Bitcoin #ETF
Figures (The Block / SoSoValue, week to Sep 25). Spot $BTC ETF: +2,4$ billion over the week — best result since October 2025. YTD: +934,1$ million in the green (as of July 13 it was −5,8$ billion). IBIT for the same week +1,2$ billion. Spot $ETH ETF: +689,9$ million (a week earlier −140$ million). $SOL ETF on Friday — record day +86,7$ million (Bitwise BSOL 55,7$ million), total AUM ~1,5$ billion. Cumulative BTC ETF since launch: 57,6$ billion in net inflows, AUM 108,4$ billion. Geraci: after the announcement of the Ministry of Finance buybacks, about 5,3$ billion flowed into spot.
My take: yesterday I looked at the daily momentum and yield. Today the annual figure matters more — in two months the market has closed the gap by almost 6$ million. The price isn’t rushing to 90k while inflows are still live: the ceiling is still in bonds. But the YTD flip itself says institutions haven’t left — they were waiting for liquidity from buybacks.
Question: the next $BTC push — a break of 87–90k on continued ETF inflows, or does it need a pause first while 10y cools down?
$BTC $ETH $SOL #Bitcoin #ETF