Crypto ETF Month — September 2026: net +$4.20B
September 2026 saw net flows of +$4.20B into spot crypto ETFs, primarily driven by Bitcoin and Ethereum. Institutional strategies highlighted both inflows and outflows across various assets.
TL;DR
- Net flow: +$4.20B
- Total inflows: +$4.61B
- Total outflows: -$406.65M
- Strongest day: Sep 21 (+$1.30B) · Weakest day: Sep 15 (-$584.96M)
Monthly Overview
In September 2026, net flows into spot crypto ETFs reached a positive trajectory, totaling +$4.20B. The flows were predominantly concentrated in Bitcoin (BTC) and Ethereum (ETH), which together accounted for a significant portion of the total inflow.
Flows by Asset
BTC
Net: +$2.65B / Inflow: +$2.96B / Outflow: -$308.77M
| Fund | Flow |
|---|---|
| BlackRock | +$1.81B |
| Fidelity | +$682.20M |
| Grayscale | -$259.30M |
| Morgan Stanley | +$251.12M |
| Grayscale BTC | +$97.53M |
| 21Shares | +$89.61M |
| VanEck | -$35.55M |
| Bitwise | +$18.70M |
| Franklin | +$9.45M |
| WisdomTree | -$9.22M |
| Invesco | -$4.70M |
ETH
Net: +$831.57M / Inflow: +$908.85M / Outflow: -$77.28M
| Fund | Flow |
|---|---|
| BlackRock | +$492.95M |
| BlackRock ETHB | +$191.45M |
| Fidelity | +$106.40M |
| Grayscale ETH | +$95.64M |
| Grayscale | -$73.61M |
| 21Shares | +$12.08M |
| Morgan Stanley | +$6.04M |
| VanEck | -$3.67M |
| Franklin | +$3.04M |
| Invesco | +$0.90M |
| Bitwise | +$0.35M |
SOL
Net: +$270.25M / Inflow: +$272.23M / Outflow: -$1.98M
| Fund | Flow |
|---|---|
| Bitwise | +$202.56M |
| Grayscale | +$33.29M |
| Fidelity | +$21.50M |
| Morgan Stanley | +$8.20M |
| Canary | +$5.04M |
| VanEck | -$1.98M |
| Franklin | +$1.02M |
| 21Shares | +$0.62M |
ZEC
Net: +$245.91M / Inflow: +$245.91M / Outflow: $0.00M
| Fund | Flow |
|---|---|
| Grayscale | +$245.91M |
XRP
Net: +$112.23M / Inflow: +$116.01M / Outflow: -$3.78M
| Fund | Flow |
|---|---|
| Bitwise | +$72.10M |
| Franklin | +$33.59M |
| Grayscale | +$5.53M |
| Canary | +$4.79M |
| 21Shares | -$3.78M |
NEAR
Net: +$50.03M / Inflow: +$50.03M / Outflow: $0.00M
| Fund | Flow |
|---|---|
| Bitwise | +$50.03M |
LINK
Net: +$19.93M / Inflow: +$19.93M / Outflow: $0.00M
| Fund | Flow |
|---|---|
| Bitwise | +$11.07M |
| Grayscale | +$8.86M |
SUI
Net: +$10.91M / Inflow: +$10.91M / Outflow: $0.00M
| Fund | Flow |
|---|---|
| 21Shares | +$6.07M |
| Grayscale | +$4.84M |
HYPE
Net: -$6.88M / Inflow: +$7.37M / Outflow: -$14.25M
| Fund | Flow |
|---|---|
| Bitwise BHYP | -$12.51M |
| Grayscale HYPG | +$7.37M |
| 21Shares THYP | -$1.74M |
LTC
Net: +$5.80M / Inflow: +$5.80M / Outflow: $0.00M
| Fund | Flow |
|---|---|
| Canary | +$5.80M |
HBAR
Net: +$4.22M / Inflow: +$4.22M / Outflow: $0.00M
| Fund | Flow |
|---|---|
| Canary | +$4.22M |
DOGE
Net: +$3.16M / Inflow: +$3.75M / Outflow: -$0.59M
| Fund | Flow |
|---|---|
| Grayscale | +$3.75M |
| 21Shares | -$0.59M |
AVAX
Net: +$2.69M / Inflow: +$2.69M / Outflow: $0.00M
| Fund | Flow |
|---|---|
| VanEck | +$1.72M |
| Grayscale | +$0.74M |
| Bitwise | +$0.23M |
DOT
Net: +$0.66M / Inflow: +$0.66M / Outflow: $0.00M
| Fund | Flow |
|---|---|
| 21Shares | +$0.66M |
TRX
Net: +$0.49M / Inflow: +$0.49M / Outflow: $0.00M
| Fund | Flow |
|---|---|
| Canary | +$0.49M |
Weekly Breakdown
| Week | Net flow |
|---|---|
| Sep 1 – Sep 4 | +$976.60M |
| Sep 8 – Sep 11 | -$156.90M |
| Sep 14 – Sep 18 | +$43.30M |
| Sep 21 – Sep 25 | +$3.40B |
| Sep 28 – Sep 30 | -$66.20M |
Biggest Fund Moves
Largest inflows
- BlackRock (BTC): +$1.81B
- Fidelity (BTC): +$682.20M
- BlackRock (ETH): +$492.95M
- Morgan Stanley (BTC): +$251.12M
- Grayscale (ZEC): +$245.91M
Largest outflows
- Grayscale (BTC): -$259.30M
- Grayscale (ETH): -$73.61M
- VanEck (BTC): -$35.55M
- Bitwise BHYP (HYPE): -$12.51M
- WisdomTree (BTC): -$9.22M
Market Interpretation
Institutional positioning showed strong interest in Bitcoin, with BlackRock and Fidelity being the leading contributors to its inflow. Meanwhile, Grayscale recorded notable outflows across several assets, including BTC and ETH, indicating a shift in capital preferences. The market experienced a rotational dynamic, highlighted by the strongest inflow day on September 21, while the worst day on September 15 reflected volatility in investor sentiment.
Conclusion
The month concluded with a net figure of +$4.20B, reflecting robust investor confidence in the crypto ETF space. Overall, September demonstrated a clear preference for select major assets amidst varying institutional strategies.