Bitcoin Demand Showing 'Signs of Improvement' Despite 'Challenging' Backdrop, Says Binance Co-CEO as Spot ETF Inflows Surge
Binance (CRYPTO: BNB) Co-CEO Richard Teng noted on Tuesday that institutional demand for Bitcoin (CRYPTO: BTC) was improving despite a “challenging” macroeconomic scenario. Bitcoin in Bull Market? Spot Bitcoin exchange-traded funds recorded over $3 billion in net inflows from Sept. 17 through Sept. 29, marking nine consecutive positive U.S. trading sessions. In fact, the week ending Sept. 25 marked the strongest weekly showing since last October, attracting $2.4 billion in net inflows. Year-to-date inflows are now up by over $1 billion. BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT ), the world’s largest cryptocurrency-focused fund, alone pulled in more than $1 billion in inflows last week, according to data from SoSo Value. Moreover, Bitcoin is up 43% in the third quarter. It’s on track for its best quarterly performance since late 2024 and its strongest third quarter in nearly a decade. BREAKING: Bitcoin is up +43.1% so far in Q3 2026, on track for its best quarterly performance since Q4 2024. This would also mark their 3rd-best quarterly gain since US spot Bitcoin ETFs officially began trading in January 2024. Since August 19th alone, Bitcoin prices have… pic.twitter.com/lfZ3a
Binance (CRYPTO: BNB) Co-CEO Richard Teng noted on Tuesday that institutional demand for Bitcoin (CRYPTO: BTC) was improving despite a “challenging” macroeconomic scenario. Bitcoin in Bull Market? Spot Bitcoin exchange-traded funds recorded over $3 billion in net inflows from Sept. 17 through Sept.
S. trading sessions. In fact, the week ending Sept. 4 billion in net inflows.
Year-to-date inflows are now up by over $1 billion. BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT ), the world’s largest cryptocurrency-focused fund, alone pulled in more than $1 billion in inflows last week, according to data from SoSo Value. Moreover, Bitcoin is up 43% in the third quarter. It’s on track for its best quarterly performance since late 2024 and its strongest third quarter in nearly a decade.
1% so far in Q3 2026, on track for its best quarterly performance since Q4 2024. This would also mark their 3rd-best quarterly gain since US spot Bitcoin ETFs officially began trading in January 2024. S. Treasury yields.
6%, reaching its highest level since June 2002. S. yields continuing to pressure risk assets. However, investor demand is showing signs of improvement.
Spot BTC ETFs attracted US$999M in net inflows, while technical indicators are also beginning to show early signs of… — Richard Teng (@_RichardTeng) September 29, 2026 Read Also: Bitcoin, Ethereum, XRP, Dogecoin Hold Firm as Treasury Yield Hits 24-Year High How Long Before BTC Reclaims $90,000? Bitcoin began its rally in late August, reclaiming the $80,000 level for the first time since mid-May. This rebound followed the Treasury doubling its debt buybacks to shore up the bond market, sending yields and the dollar lower. The ascent accelerated, and Bitcoin topped $87,000 earlier this month, its highest since late January.
Veteran trader Peter Brandt said Bitcoin could trade between $200,000 and $250,000 by early 2029, potentially rising to $600,000 by late 2029. Financial advisor Ric Edelman reiterated that the asset will hit $500,000 by 2030. 25, according to Pro. com