Key Highlights
- Bitcoin price hovering around $83,800–$84,000 as of Friday’s close, showing modest daily decline but 8% weekly gain.
- Spot Bitcoin ETFs in the US attracted $191 million Thursday, extending a six-day positive flow streak totaling $2.8 billion.
- The five-day period from Sep. 21–25 saw Bitcoin ETF inflows reach $2.39 billion, with BlackRock’s IBIT dominating at $1.16 billion.
- US Treasury yields crossing the 5.2% threshold are creating headwinds for Bitcoin price momentum.
- Hester Peirce, SEC Commissioner, announces departure scheduled for Oct. 2, raising questions about future crypto oversight.
Bitcoin maintained its position around the $84,000 level as the week drew to a close. The digital asset has shown resilience despite shifting dynamics across broader financial markets.
Spot Bitcoin exchange-traded funds in the United States recorded $191 million in net inflows on Thursday. This represented the third consecutive day of declining entry volumes.
The deceleration came after an exceptionally robust week opening. Monday witnessed $999 million flowing into Bitcoin ETFs, representing 2026’s largest single-session inflow to date.
Thursday’s figure reflected an 81% decline from Monday’s high. Nevertheless, the six-session positive streak accumulated $2.8 billion in total inflows.
Five-Day Period Shows Consistent ETF Demand
Examining the complete trading week spanning Sep. 21–25, Bitcoin ETFs captured $2.39 billion in net new capital. Each trading session during this period recorded positive flows.
BlackRock’s iShares Bitcoin Trust (IBIT) topped all competing products. The fund accumulated $1.16 billion across the five trading days.
Fidelity’s FBTC secured second position with $701.6 million in inflows. ARK 21Shares’ ARKB contributed $294.7 million, while Morgan Stanley’s MSBT gathered $203.3 million.
Ethereum ETFs similarly recorded positive movement. These products attracted $689.8 million throughout the week. Solana ETFs captured $188.1 million, with Friday contributing $86.7 million independently.
Bitcoin’s valuation crossed above $87,000 during the week’s early sessions. The cryptocurrency subsequently retreated toward $84,000 by Friday’s conclusion.
Market analyst Ted, operating under the handle @TedPillows, observed Bitcoin maintaining support above $84,000 currently. He emphasized the importance of a weekly closing price above $82,800, warning that failure could trigger a decline toward the $79,000 to $80,000 zone.
Treasury Market Dynamics and Policy Shifts Create Challenges
Escalating government bond yields have created resistance for Bitcoin’s upward movement. The 10-year US Treasury yield surpassed 5.2% on Friday, reaching levels not observed since 2007.
Elevated yields enhance the appeal of fixed-income investments. This dynamic has redirected capital away from Bitcoin and comparable speculative assets.
Strategy, which maintains the largest corporate Bitcoin holdings, announced plans for daily dividend accruals across four preferred stock classes. The corporation indicated that increased payment frequency might enhance liquidity and investor interest in these instruments.
Regarding regulatory developments, SEC Commissioner Hester Peirce confirmed her departure from the commission effective Oct. 2. She played a pivotal role leading the SEC’s Crypto Task Force and contributed to frameworks governing staking mechanisms, token classification standards, and tokenized securities regulations.
Her resignation coincides with another legislative disappointment in the nation’s capital. The Senate could not advance the Digital Asset Market Clarity Act through procedural votes.
Summer Mersinger, CEO of the Blockchain Association, is also departing her position. Former leader Kristin Smith will assume interim CEO responsibilities.
Internationally, Germany unveiled proposed cryptocurrency taxation reforms. The framework would impose taxes on 50% of proceeds from crypto sales when investors cannot document acquisition costs, a provision Circle executive Patrick Hansen has publicly opposed.
At the time of reporting, Bitcoin changed hands at $83,807, registering a 0.3% decline over the previous 24 hours while maintaining approximately 8% gains over the past seven days, based on CoinGecko data.
