Bitcoin ETF one-day inflows hit $366 million in late September, signaling a recovery. Futures open interest increased with call options leading the way. Historically this could see October's gains as one of Bitcoin's best months.
Bitcoin ETFs saw initial inflows before reversing course in September and peaking in recent weeks — leading to a monthly net positive of $700 million.
This was a good-sized turnaround following a net outflow of $92 million in August.
Investors fled exchange-traded funds in the first week of the month, with the biggest fall on September 3.
Total Redemptions Total $288 million That day, it was run by BlackRock's iShares Bitcoin Trust.
This trend started to change in the middle of the month. On September 12, total inflows reached $170 million.
The real momentum came in the last week of September, ending on September 26 with nearly $366 million – the largest one-day inflow into bitcoin ETFs in two months.
ETFStore President Nate Geraci highlighted these Huge inflows:
“About $400 million went into spot bitcoin ETFs today. For context, of the 500 ETFs launched in 2024, fewer than 25 took in this amount for the entire year. ” is another bullish sign
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Open interest in Bitcoin futures also increased in late September.
As of September 26, the total bitcoin futures open interest across all exchanges was approx. $36 billion According to CoinGlass data.
Open interest reflects the number of active contracts that have yet to be settled.
According to Deribit data, more traders are choosing bullish call options than bearish put options.
Today is a key date for Bitcoin futures as it is the end of the month and the third quarter. This can lead to higher than normal prices as traders adjust or close their positions.
As inflows and open interest increased, the buzz about a potential October rally gained momentum. Historically, October is one Bitcoin's Best Performing MonthsThe average return is over 27%.
