US spot Bitcoin ETFs achieved their strongest single-day performance since January on September 3rd, recording $731 million in net inflows. The inflow surge follows a minor setback on September 1st, when the funds experienced outflows exceeding $236 million.
BlackRock's IBIT dominated Thursday's activity with approximately $454 million in inflows. Ark and 21Shares' ARKB received $137.7 million, followed by Fidelity's FBTC at $74.4 million and Grayscale's products with $57 million combined. VanEck's HODL and WisdomTree's BTCW posted outflows of $20 million and $5 million, respectively.
The inflows brought total net assets in US spot Bitcoin ETFs to $103.34 billion, representing just over 6% of Bitcoin's market capitalization. Since launching in January 2024, these ETFs have accumulated $55.44 billion in cumulative net inflows. Over the past month, US spot Bitcoin ETFs accounted for approximately 42,800 BTC of the estimated 105,000 BTC equivalent in total market capital inflows, representing about 41% of net capital entering the market during the period.
Historical Pattern Analysis
The latest inflow surge has drawn attention to a historical pattern. Analyst Ted Pillows noted that on previous occasions when Bitcoin ETFs recorded daily inflows exceeding $700 million—in October 2025 and January 2026—BTC formed a local peak shortly afterward. This observation has prompted speculation about potential near-term price movements.
Market Sentiment and Technical Levels
Bitcoin moved above the weekly EMA ribbon, a technical level previously associated with sell-off signals. The EMA ribbon currently sits between approximately $71,000 and $78,000. Analysts view the reclaim of this level positively, though the asset must maintain this position on weekly closes to confirm strength. The next major resistance level to watch is around $95,000 to $96,000. A drop below the ribbon could invalidate the recovery.
Debate continues over whether recent gains signal an end to the bear market. While some experts point to rising open interest on major exchanges and Bitcoin's price recovery as bullish indicators, Fidelity cautioned that the recent advance does not yet confirm the bear market has ended. The firm noted that Bitcoin's historical four-year cycle could allow for another market low around November 2026, though such patterns are not guaranteed.
