21Shares: U.S. Spot Bitcoin ETFs Added 79,800 BTC in Q3
Original headline21Shares：美国现货比特币 ETF 三季度增持 7.98 万枚 BTC
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US spot bitcoin ETFs added 79,800 BTC in Q3 2026, worth roughly $6.2 billion, according to a 21Shares report, nearly double the 41,300 BTC of newly mined supply over the same period. ETFs replaced bitcoin treasury companies as the primary source of demand, with corporate purchases falling from $7.1 billion in Q2 to about $1 billion in Q3. Meanwhile, long-term holders reduced their balances by 248,000 BTC, approximately $17.4 billion worth. Bitcoin rose 42.7% in the quarter. The shift suggests institutional ETF flows are now absorbing the bulk of new supply while treasury strategies cool and long-term holders take profits into strength. Watch next quarter's ETF net inflows and treasury company buying to see whether institutional demand can sustainably offset miner issuance and continued distribution from long-term holders.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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US Spot Bitcoin ETFs, Bitcoin (BTC), 21Shares
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