Bitcoin News Today: Bitcoin ETFs Add $7.8B in Q3 as Ethereum ETFs Face Outflows

Bitcoin exchange-traded funds (ETFs) recorded a $675.8 million inflow on September 24, 2025, according to SoSoValue, marking a rebound after two days of outflows. This brought cumulative inflows for the quarter to $7.8 billion, with BlackRock's iShares Bitcoin Trust (IBIT) leading the surge with $405.5 million in net inflows. The total assets held by Bitcoin spot ETFs now stand at $149.7 billion, representing 6.62% of Bitcoin's total market capitalization. The inflows coincided with Bitcoin's price climbing above $119,000, a 4% gain on the dayBitcoin ETFs Surge Back With Record $241M Inflows – ETH ETFs …^[2].

For the year-to-date, Bitcoin ETFs have accumulated $21.5 billion in inflows since their inception in January 2024, with IBIT alone amassing $60.78 billion in net inflows and $87.2 billion in total assetsHow Well Did Bitcoin ETFs Actually Perform In Q3 2025?^[1]. Eric Balchunas, a senior ETF analyst at Bloomberg, noted that IBIT has entered the top 20 ETFs by assets, reaching $90.7 billion, and projected it could enter the top 10 by December 2026 if current growth trends persistBitcoin ETFs Surge Back With Record $241M Inflows – ETH ETFs …^[2]. Despite a temporary outflow of $103.6 million on September 23, the quarterly performance underscores the resilience of Bitcoin ETFs, which have defied traditional market patterns of September declinesHow Well Did Bitcoin ETFs Actually Perform In Q3 2025?^[1].

In contrast, Ethereum ETFs faced sustained outflows, with $79.4 million in redemptions on September 24 alone. Fidelity's FETH led the exits with $33.2 million, followed by BlackRock's ETHA with $26.5 million and Grayscale's ETHE with $8.9 millionBitcoin ETFs Surge Back With Record $241M Inflows – ETH ETFs …^[2]. Cumulative inflows for Ethereum ETFs stand at $13.6 billion, but recent outflows have eroded gains, with total assets held at $27.4 billion as of September 24Bitcoin ETFs Surge Back With Record $241M Inflows – ETH ETFs …^[2]. The divergence in ETF flows highlights shifting institutional demand, with Bitcoin maintaining dominance despite Ethereum's growth in DeFi and staking applications.

JPMorgan analysts, led by Nikolaos Panigirtzoglou, projected Bitcoin could reach $165,000 by year-end, citing undervaluation relative to gold on a volatility-adjusted basis. The bank estimated Bitcoin's $2.3 trillion market cap needs to rise 42% to align with gold's $6 trillion in private holdings. The analysis attributes Bitcoin's appeal to the "debasement trade," where investors seek alternatives to fiat currencies amid inflation and geopolitical risksBitcoin Could Reach $165K Based on Gold's Record Run: JPMorgan^[6]. JPMorgan revised its target upward from $126,000 in August, citing gold's recent rally and narrowing valuation gaps between the two assetsEthereum ETFs See $2.4B in Flows vs. $827M For Bitcoin in Six Days^[8].

Market dynamics remain influenced by macroeconomic factors and regulatory developments. ETF inflows have historically driven Bitcoin's price, with institutional participation through CME futures and retail demand via ETFs shaping short-term volatility. On-chain data and funding rates in futures markets remain critical indicators, as even minor shifts in ETF flows can trigger sharp price swings. Analysts caution that while long-term fundamentals for Bitcoin remain strong-supported by tightening supply and sovereign demand-short-term risks include hawkish central bank policies and sudden ETF redemptionsBitcoin Could Reach $165K Based on Gold's Record Run: JPMorgan^[5].

The contrasting performance of Bitcoin and Ethereum ETFs reflects diverging investor strategies. While Bitcoin ETFs continue to attract steady demand as a store of value, Ethereum's utility in staking and DeFi has drawn institutional buyers seeking yield. Corporate treasuries, including BitMine Immersion Technologies, have also contributed to Ethereum's supply tightening by accumulating 1.91% of its circulating supply. This structural shift underscores Ethereum's evolving role as an institutional asset, though Bitcoin's dominance in ETF holdings and market capitalization remains unchallenged.