On September 29, total inflows into US spot crypto ETFs dropped to $64.8 million, an 80% plunge from the previous day. Among them, Bitcoin ETFs recorded $31.07 million in inflows, Ethereum ETFs $17.1 million, Solana ETFs $12.7 million, and XRP ETFs $3.96 million. Bitcoin ETFs have now seen net inflows for 8 consecutive trading days, Ethereum ETFs for 7 straight days, and over the past 30 days Bitcoin ETFs have accumulated inflows of $2.95 billion.
Which assets does this affect
Bullish & Bearish Views
Bulls argue that although single-day inflows have fallen significantly, the continuous inflow trend remains intact. The 30-day cumulative $2.95 billion demonstrates that institutional demand still has resilience and the long-term capital allocation logic has not changed. Bears point out that the 80% sharp drop reflects a rapid cooling of market enthusiasm; a short-term decline in risk appetite may lead to further slowdown in subsequent inflows or even turn them into outflows.