US spot Bitcoin ETFs reversed Wednesday’s $148.7 million outflow with $102.7 million of net creations on Thursday, the first trading day of the fourth quarter, according to SoSoValue data. The turnaround lifted combined net assets to $109.3 billion and pushed cumulative net inflows past $57.6 billion, a quiet reminder that the product suite still absorbs supply even after a quarter in which Bitcoin rose 42.71%.
The quarter that was
Third-quarter inflows totaled $6.34 billion, with September alone contributing $2.65 billion. That pace made Q3 the strongest quarter of 2026 for the funds, though the bulk of the asset growth came from price appreciation rather than new money. The $109.3 billion asset figure reflects both the quarter’s rally and the steady, if uneven, creations that have characterized the year.
Ether and the rest
Ether ETFs moved in the opposite direction for a third straight session, shedding $55.4 million on Thursday and roughly $118 million across the three-day streak. Solana funds extended their own outflow run to two days with about $6 million of redemptions. XRP ETFs were the lone bright spot among altcoin products, netting $4 million of inflows.
Price and sentiment
Bitcoin traded around $85,900 at publication, up 2.1% in the prior 24 hours per CoinGecko. Alternative.me’s Crypto Fear and Greed Index dipped to 72 from 74, remaining in “Greed” territory, a reading that has historically coincided with short-term pullbacks more often than sustained advances.
What to watch next
The single-day flip is statistically insignificant on its own; the more useful signal is whether the $6.34 billion quarterly run rate can survive a rising-yield environment that has pressured risk assets broadly. Ether’s persistent outflows suggest allocators are still rotating toward the Bitcoin-only narrative, but two days of Solana redemptions are too thin to call a trend. The next SoSoValue print will show if Thursday was a genuine restart or a one-day reprieve.