Bitcoin ETFs Rebound as Institutional Interest Grows, Analysts Predict End to September’s Bearish Streak

Spot Bitcoin ETFs have reversed a two-week trend of outflows, with over $403.8 million in weekly inflows, marking renewed institutional interest. Analysts predict this surge could help Bitcoin defy September’s historically bearish trend.

According to data from SoSoValue, spot Bitcoin ETFs saw a substantial $263.07 million inflow on Sept. 13—the largest single-day total since July 22. Fidelity, ARK Invest, and 21Shares captured over half of that figure. Fidelity’s FBTC led with $102.1 million, ARK Invest and 21Shares’ ARKB followed at $99.3 million, while Bitwise’s BITB recorded $43.1 million in inflows. Other players, including Franklin Templeton’s EZBC and Grayscale’s GBTC, also saw notable activity, while BlackRock’s IBIT and several others reported no inflows.

This uptick in ETF demand coincided with Bitcoin’s recovery to the $60,000 range, reaching an intraday high of $60,655. At the time of writing, Bitcoin was trading 11% above its Sept. 8 weekly low of $53,860.

Historically, September has been a challenging month for Bitcoin, with CoinGlass data showing an average monthly decline of 4.69% over the past 11 years. However, analyst Rajat Soni believes rising institutional involvement, particularly following the approval of spot Bitcoin ETFs, could reverse this trend. Soni emphasized that Bitcoin’s recent consolidation above $50,000, a level not consistently held since 2021, is largely attributed to institutional investors, which could provide a more stable price floor.

Soni further warned that retail investors may regret selling, as institutional buyers are poised to purchase any available supply, driving prices higher. Analysts at H.C. Wainwright have also highlighted increased interest in Bitcoin mining stocks, fueled by institutional investment in AI-driven infrastructure.

Prominent market experts, such as Michaël van de Poppe, have set ambitious price targets for Bitcoin, with estimates ranging between $300,000 and $600,000 in the current market cycle. As of publication, Bitcoin was trading just under $60,000, up 9.7% over the last week.

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