Weekly Recap | Bitcoin Pulls Back, ETF Inflows Surge, Echobit’s September Campaigns Gain Momentum
- #Crypto Market
- # Bitcoin ETFs
2026.09.29
Weekly Recap (September 21–27)
Last week, the crypto market showed a divergence between price performance and capital flows, with prices pulling back while institutional inflows strengthened. Bitcoin briefly approached $85,000 at the beginning of the week before retreating amid volatility, with its weekly decline reaching approximately 2.3% as of September 25.
However, the price weakness was not accompanied by institutional outflows. U.S. spot Bitcoin ETFs recorded net inflows for five consecutive trading days from September 21 to 25, bringing weekly net inflows to approximately $2.39 billion, one of the largest weekly inflow totals in nearly a year. The inflows also pushed cumulative ETF flows for 2026 back into positive territory. Meanwhile, U.S. spot Ethereum ETFs recorded approximately $690 million in net inflows during the same period, while Solana ETFs saw around $188 million in net inflows.
This week, macro pressure on the crypto market is increasing, with attention shifting back to oil prices, the U.S. dollar, Treasury yields, and the Federal Reserve’s future rate path. Market expectations for another Fed rate hike in October have risen to around 70%, while the dollar remains near a two-month high, putting short-term pressure on risk assets. Markets will closely monitor U.S. inflation, employment, and nonfarm payroll data this week. Overall, Bitcoin may remain highly volatile, with macro policy pressure and institutional capital flows emerging as the two key variables shaping market direction.
This article provides a quick review of the key developments across the crypto industry over the past week, along with a preview of the major trends and events to watch in the week ahead.
Market Pulse
- U.S. spot Bitcoin ETFs recorded $2.386 billion in net inflows last week, marking their strongest weekly inflow in nearly a year.
- U.S. spot Ethereum ETFs saw approximately $689 million in net inflows, reflecting a significant return of institutional capital.
- U.S. spot Bitcoin ETFs recorded approximately $2.4 billion in weekly net inflows, the highest weekly total of 2026.
- U.S. spot Ethereum ETFs recorded approximately $690 million in net inflows, reversing the previous outflow trend.
- BTC and ETH rallied sharply early in the week before retreating, bringing renewed attention to interest rates and macro liquidity.
- Bitget experienced a security incident, with on-chain tracking indicating approximately $387.5 million in assets involved.
- Deutsche Bank launched digital asset custody services for institutional clients.
- Binance announced a $100 million investment in Circle and signed a five-year agreement to promote USDC.
Funding & M&A
The industry saw 8 funding and M&A deals last week, with a combined value of more than $74 million, primarily focused on infrastructure and DeFi:
- HIFI raised $37 million in a Series A round led by Left Lane Capital.
- TRON ecosystem wallet MeshWallet raised $10 million through a private placement.
- Atum raised $13.5 million in a seed round led by Variant.
- XStable secured several million dollars in funding to develop AI-native gold and foreign exchange trading products.
- On-chain yield protocol infiniFi raised more than $3 million.
Policy & Compliance
- Following the U.S. Senate’s failure to advance the CLARITY Act, the CFTC submitted a new crypto market regulatory proposal to the White House.
- The UK FCA published guidance outlining the scope of crypto asset regulation, with authorization applications scheduled to open on September 30.
- Vietnam plans to issue its first crypto asset service licenses in 2026.
- European regulators continued working on adjustments to stablecoin and RWA regulations.
- The Bitwise NEAR spot ETF was approved for listing on NYSE Arca, becoming the first U.S. spot NEAR ETF.
Echobit Highlights
- Echobit September Futures Trading Competition continued, driving trading engagement and market activity.
- Echobit TradFi Futures Trading Campaign continued, expanding users’ diversified trading experience.
- Echobit To Da Moon continued, combining BTC-themed activities and rewards to boost community engagement.
- Echobit Spot Trading 2X Cashback Season launched, offering enhanced rewards for spot trading.
- Echobit TradFi Futures Trading Campaign continued to provide users with diversified trading opportunities.
- Echobit Earn launched new products offering rates of up to 50% APR.
- Echobit Create Your Trader Name launched as an interactive community activity.
- Echobit Follow X Join & Win encouraged users to participate through social media engagement.
- Echobit Community Activity Suggestion Program encouraged community members to contribute ideas for future activities.
- Echobit Meme Coin Gain Prediction invited users to predict potential Meme Coin gains.
- Echobit ETH Price Prediction invited users to share their views on Ethereum’s potential price movements.
- Echobit Guess The Crypto Phrase launched a fun guessing game to enrich community interaction.
- Echobit Weekly Hot Topics continued to encourage discussion and engagement around key market developments.
- Echobit Options Expiry Challenge launched as a new interactive activity.
- Echobit New X Followers Giveaway encouraged community participation through social media engagement.
- Echobit Guess The Token: Emoji Challenge added a fun Emoji-based token guessing format to community activities.
- Echobit Crypto Knowledge Challenge launched, combining interactive quizzes with crypto knowledge.
Next Week Preview (September 28–October 3)
- Robinhood’s third HOOD Summit will take place from September 29–30, with new product announcements expected.
- Australia’s digital asset licensing transition period will end on September 30, with unlicensed crypto companies potentially facing fines of up to 10% of annual turnover.
- Smarter Web Company plans to issue perpetual preference shares on the London Stock Exchange to increase its Bitcoin holdings, with the proposal scheduled for a shareholder vote on September 28.
- The U.S. government, together with major AI companies, will launch the unified government services website America.gov on September 29.
- CoinEx announced that it will cease operations and conduct an orderly wind-down, with spot trading scheduled to stop on September 29.
- 0G plans to officially launch its new compute-focused digital asset, Infinite AI (iAI), on September 29.
- Hut 8 won a $140 million bid for the Texas data center assets of bankrupt crypto miner Poolin.
- The UK FCA’s crypto asset regulatory authorization applications are scheduled to open on September 30.
- Australia’s digital asset licensing transition period will end on September 30, with unlicensed crypto companies potentially facing fines of up to 10% of annual turnover.
- Thailand’s SEC has proposed allowing retail investors to trade overseas crypto derivatives, with the consultation period ending September 30.
- The EU plans to revise MiCA rules covering tokenized assets and non-EU stablecoins, with the consultation period ending September 30.
- KBW 2026 will take place in Seoul from September 30 to October 1.
- Brazil’s central bank will prohibit the use of stablecoins and cryptocurrencies for cross-border payment settlement from October 1.
- South Korea will introduce civil seizure rules targeting crypto assets from October 1.
Echobit will continue tracking global crypto developments, with a focus on market movements, regulatory trends, and funding opportunities—helping you navigate every market cycle and stay ahead of what’s next.