During this third quarter, it climbed as much as $28,000, outperforming both gold and equities along the way.
And as it happens, Wall Street was a big factor driving that move.
In the week ending the 25th of September, US spot Bitcoin ETFs pulled in $2.39 billion, the strongest week of 2026.
That included a record $999 million on the 21st of September, the biggest single day of the year.
BlackRock's iBit took in more than half of that week's inflows by itself, and confidence was understandably running high.
But the 21st of September is also when things stalled.
By Monday the 28th, daily ETF inflows had shrunk to just $31 million.
Not quite the victory lap many people penciled in to close out Q3.
Now, to be clear, $31 million is still money going in, not money coming out.
Demand hasn't gone away.
So what exactly is pushing back? Well, there are three things.
During this third quarter, it climbed as much as $28,000, outperforming both gold and equities along the way.
And as it happens, Wall Street was a big factor driving that move.
In the week ending the 25th of September, US spot Bitcoin ETFs pulled in $2.39 billion, the strongest week of 2026.
That included a record $999 million on the 21st of September, the biggest single day of the year.
BlackRock's iBit took in more than half of that week's inflows by itself, and confidence was understandably running high.
But the 21st of September is also when things stalled.
By Monday the 28th, daily ETF inflows had shrunk to just $31 million.
Not quite the victory lap many people penciled in to close out Q3.
Now, to be clear, $31 million is still money going in, not money coming out.
Demand hasn't gone away.
So what exactly is pushing back? Well, there are three things.
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