Spot Bitcoin ETFs have observed six consecutive days of inflows, boosting their net flows for 2026 back into the positive range at approximately $800 million.
- The overall cryptocurrency market surged by roughly 2% in the last 24 hours, bringing the total market capitalization close to $3 trillion.
- Solana’s price experienced a notable increase, reaching $120 for the first time in eight months.
- Crypto analyst Ted Pillows remarked that Bitcoin needs to regain the $85,300 mark to confirm a more robust upward trend.
On Friday morning, Ripple’s XRP (XRP) and Solana (SOL) were at the forefront of gains among the top 10 cryptocurrencies in market capitalization, while Bitcoin (BTC) faced challenges maintaining the $84,000 level.
XRP’s price surged by up to 5.4% over the past 24 hours, reaching around $1.50, while Solana’s price climbed nearly 4% to touch $120 for the first time in eight months. Both cryptocurrencies were trending on Stocktwits at the time of this report.
The retail sentiment regarding XRP shifted to ‘extremely bullish’ from the previous ‘bullish’ category within the last day, while sentiment around Solana remained firmly in the ‘bullish’ zone.
The entire cryptocurrency market witnessed an uptick of around 2% within 24 hours, aiming to reclaim the $3 trillion threshold. Bitcoin’s price slipped by 0.3% during the same period, settling at approximately $83,900. Retail sentiment for the leading cryptocurrency remained in the ‘bullish’ category over the past day on Stocktwits.
Inflows into Bitcoin ETFs Bolster Crypto Market Rally
Recent inflows into spot Bitcoin ETFs have provided essential support to the wider cryptocurrency market, marking six straight days of inflows and returning the 2026 figures to positive territory. Earlier in July, these ETFs had recorded a staggering $5.8 billion in net outflows for the year, but now, the year-to-date inflows amount to $800 million.
Approximately $4 billion of these inflows have occurred since the U.S. Treasury Secretary Scott Bessent’s announcement in August regarding increased bond purchases, which served as a liquidity enhancement strategy amid soaring bond yields reaching multi-year highs.
Despite this positive trend, the $800 million year-to-date net inflows are still significantly lower than the $35.2 billion recorded in 2024 and the $21.4 billion seen in 2025.
According to SoSoValue data, BlackRock’s iShares Bitcoin Trust ETF (IBIT) recorded a net inflow of $162.63 million on Thursday. In contrast, WisdomTree’s Bitcoin Fund (BTCW) registered the highest outflow, amounting to $4.02 million.
Consistent Inflows for XRP and Solana ETFs
Interest in ETFs has also spread to XRP and Solana, with both asset-backed products experiencing fresh inflows. XRP ETFs drew in $14.89 million on Thursday, bringing the total net inflows to around $1.76 billion. Solana ETFs fared even better, with a net inflow of $32.81 million, adding up to total inflows of about $1.52 billion.
These consistent inflows follow recent market fluctuations surrounding the unsuccessful CLARITY Act and the Federal Reserve’s rate decision in September.
Bitcoin Approaches Critical Level Near $85,000
As Bitcoin remains below the $85,000 threshold, traders are closely monitoring whether the leading cryptocurrency can regain necessary levels to indicate a broader recovery.
ITC’s founder and CEO, Benjamin Cowen, stated in a post on X that the upcoming weekly Bitcoin close could influence trends for Q4. He emphasized that maintaining levels above the May peak will bolster the bullish argument, whereas slipping below could signify a failed breakout. Bitcoin had peaked around $82,800 in May.
Similarly, crypto analyst Ted Pillows indicated that Bitcoin must reclaim $85,300 to affirm a stronger upward trajectory, arguing that dips below this level could continue to attract liquidity-driven trading.
So far this year, Solana has outperformed Bitcoin, with Bitcoin’s price showing a nearly 5% decline year-to-date compared to Solana’s 3.5% drop. XRP, on the other hand, has experienced a more significant setback, down over 14% since January.
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