Bitcoin spot ETFs that trade directly on exchanges took in $731 million on September 3, marking their strongest performance since January 14. BlackRock’s IBIT fund accounted for $454 million of this total. This inflow occurred as part of a three-week streak totaling $3.8 billion, representing the strongest consecutive period for Bitcoin ETFs during 2026.
In contrast, XRP spot ETFs received $19 million during the week ending September 5, down 83% from $110.5 million the previous week. Ethereum ETF inflows declined 74% during the same period to $218.4 million. These developments prompted analysis of whether capital was rotating from alternative digital assets to Bitcoin. Bitcoin traded at $79,812 as of September 6, XRP at $1.41, with XRP gaining 39% over the past month compared to Bitcoin’s 23% increase.
Despite the strong weekly performance, Bitcoin spot ETFs remained approximately $1 billion negative for the year, having taken in $55.6 billion since launch while holding $101.3 billion in assets. XRP and Ether ETFs, though experiencing reduced inflows, remained positive for 2026, with Ether ahead by roughly $863 million and XRP by approximately $515 million since January 1.
Analysts noted that reduced inflows do not necessarily indicate outflows or capital departure. XRP ETFs continued to receive money rather than experience withdrawals, and XRP’s price rose 4% during the same week its funds posted lower inflows. A true rotation would require XRP and Ether ETFs to post net outflow days with more money leaving than entering, neither of which occurred. Bitcoin ETFs would also need to turn positive for the full year to confirm a rotation pattern, a milestone not yet achieved despite recent recovery.
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