Bitcoin ETF momentum cools but inflows stay positive as leveraged products win approval

The rush of money into U.S. spot Bitcoin ETFs has cooled noticeably, but inflows remain on the positive side. Market trackers estimate that for the week of September 28 to October 2, the products took in a provisional $82.9 million in net new money, a sharp slowdown from roughly $2.39 billion the week before. Some fund‑level figures for the latest Friday are still incomplete, so the final tally may change, but the available data suggest that institutional and high‑net‑worth demand via ETFs has not reversed—only moderated.

On the price front, Bitcoin briefly pushed toward the $87,000 area before slipping back to around $84,600 by Saturday. That reversal triggered about $433 million in liquidations across derivatives markets, with roughly three‑quarters of the wiped‑out positions on the long side. At the same time, U.S. regulators have continued to broaden the product shelf, clearing new 3x leveraged ETFs tied to both Bitcoin and Ethereum. Those vehicles give active traders far more ways to express bullish or bearish views, but they also magnify day‑to‑day volatility and are generally suited only to short‑term strategies with tight risk controls. For long‑term investors, the key takeaway is that ETF demand is still net supportive even as the most extreme inflow phase appears to be behind us—for now.