Flows into U.S. spot Bitcoin ETFs reversed. The latest data show a single-day net outflow of $148.7 million, ending a nine-session streak of net inflows and marking a shift from net inflows to net outflows. The prior nine-session streak had drawn cumulative net inflows of about $3.1 billion, and that streak has now come to an end.
Changes in spot Bitcoin ETF flows are drawing market attention. The shift from a multi-day inflow streak to a single-day net outflow indicates a short-term change in the direction of fund flows. In terms of details, the net outflow totaled $148.7 million, the first single-day net outflow after nine consecutive sessions of net inflows. The prior nine-session cumulative net inflow of about $3.1 billion showed that fund flows had maintained a relatively strong inflow trend for a time. The latest session's net outflow ended that streak, with a clear switch between inflows and outflows. The reversal in fund flows has a notable impact on short-term market sentiment. Public information has not yet disclosed the specific product breakdown or triggers behind the outflow, so the confirmed change is mainly at the overall flow level. Data over the coming sessions will show whether this net outflow is a one-day fluctuation or a continuing trend.
In the crypto security sector, crypto hacking losses in September exceeded $766 million, setting a new single-month high for 2026 and marking the most severe monthly security loss of the year. The incidents included large-scale events involving Bitget and Liquid, sharply raising industry attention to security risks. This monthly loss level made September the month with the highest security losses in crypto since the start of 2026.
On the institutional view front, Citi raised its 12-month price targets for Bitcoin and Ethereum to $113,000 and $3,028, respectively. This price-target adjustment from a major investment bank boosted market expectations and reflected expectations of institutional fund inflows.
On the corporate front, the Evernorth merger has received shareholder approval, and the company plans to list on Nasdaq on October 8 under the ticker "XRPN." The company holds about 473 million XRP and is expected to become the largest publicly traded pure-play XRP treasury company, with related institutionalization progress drawing attention.
In stablecoin payments, Visa data show that corporate and commercial cards accounted for nearly 17% of stablecoin-linked card transaction volume, with related payments up nearly 200% year over year. Stablecoin payments are accelerating into corporate settlement scenarios, and Visa's official data provides an industry reference point.
Overall, the single-day net outflow from U.S. spot Bitcoin ETFs, ending a nine-session inflow streak, is the most direct change in current crypto market fund flows. At the same time, September security losses, Citi's target price adjustments, Evernorth's listing progress and Visa's stablecoin payment data also reflect market dynamics from the perspectives of security, institutional expectations, listed companies and payment use cases, respectively. Going forward, whether U.S. spot Bitcoin ETF flows can return to net inflows, whether September security incidents trigger new risk control measures, the market reaction after Citi's target price adjustments, Evernorth's Nasdaq listing progress, and the growth trend in Visa's stablecoin-linked card transactions are all worth continued attention.