#ETF Flows — What’s Your Take?

As we step into September 2025, the ETF markets are in full storm mode. From traditional asset classes to the digital frontier, the flows reveal investors’ shifting risk perceptions and strategic pivots.

Bitcoin ETFs: Defying the Red September
Historically, Bitcoin tends to dip in September—but this year might be different. In just the past two days, BTC ETFs saw a whopping $633 million in inflows—the strongest performance since early August. Long-term investors are reallocating their coins into ETFs, creating a new distribution model in the market. Despite Bitcoin dropping below the $110,000 level, institutional demand remains strong.
“ETFs create demand, while supply comes from old holders.” — JA_Maartun, CryptoQuant
Ethereum ETFs: Conflicting Waves
Ethereum is riding a paradox. While Q3 saw $33 billion in institutional inflows, early September witnessed a sharp $135 million outflow. ETH surged over 90% from mid-July to late August, reaching $4,744. Yet the recent exits suggest investors are cautious amid short-term uncertainties.

Bond & Equity ETFs: Record Inflows on Rate Cut Hopes
Traditional markets are buzzing too. August saw a total of $118 billion flow into ETFs, with $43 billion directed toward bond ETFs—the highest monthly bond inflow ever. The Fed’s signal of a potential rate cut in September has especially boosted interest in short-term government bond ETFs.

International Equities: Shining Through Dollar Weakness

Non-U.S. equity ETFs have attracted over $100 billion in inflows since the start of the year. With the dollar down 8%, international stocks have become more appealing. Chinese and emerging market ETFs alone saw $12 billion in inflows over the past three months.