ETF money poured into bitcoin, ether and solana in a week when prices went the other way
Victoria Shinder1 min readThe week to 25 September produced a split picture that is worth reading carefully: fund flows said demand, prices said otherwise.
The flows. US spot bitcoin exchange-traded funds drew $2.39 billion in net inflows, according to SoSoValue data reported by Cointelegraph, the strongest week of 2026 and the largest since the week ending 10 October 2025. It lifted the funds' year-to-date flows to about $926 million, from a deficit of roughly $5.55 billion in early July. Spot ether ETFs added about $690 million and spot XRP ETFs about $76 million. US spot solana ETFs set their own record at $188 million, with every fund taking money and Bitwise's BSOL collecting about $128 million, 68% of the total, CoinDesk reported from figures shared by Solana's official account. Friday alone brought the solana funds about $87 million, their largest day.
The prices. Bitcoin pulled back from above $87,100 during the week and traded around $83,100 when the flow figures were published. SOL traded around $119, about 60% below its record near $293. Daily bitcoin ETF inflows also slowed after nearly $1 billion on Monday.
How to read it
Net inflows measure new money entering the funds after withdrawals; they are not a forecast. A week in which $2.4 billion enters the bitcoin funds and the price still falls says that other sellers, in the spot market or among existing holders, were supplying more than the funds were absorbing. That makes the flows a statement about who is buying, institutions and brokerage clients through regulated wrappers, rather than about where the price goes next. The concentration inside the solana funds is the other detail to keep: one issuer holds about three quarters of all their cumulative inflows, so the category's record is largely one product's record.