Crypto Market Update: Spot Bitcoin ETFs Attract $553 Million in Inflows; Dormant Bitcoin Whale Reactivates
September 12, 2025 — By Giann Liguid
The cryptocurrency market showed encouraging signs on Friday, with spot Bitcoin exchange-traded funds (ETFs) in the United States attracting a substantial inflow of fresh capital. Additionally, a long-dormant Bitcoin whale made headlines by moving a significant amount of coins after over a decade of inactivity, sparking curiosity and speculation among investors and analysts alike.
Strong Inflows into US Spot Bitcoin ETFs
Spot Bitcoin ETFs recorded net inflows totaling approximately US$552.78 million on Thursday, marking the fourth consecutive day of sustained investor demand. This streak represents the longest run of inflows for spot Bitcoin ETFs since late August 2025, during the period when Bitcoin soared to its then-record high above US$123,000.
Data from SoSoValue revealed these inflows followed a remarkable single-day intake of US$757.14 million on Wednesday—the most substantial since July 2025. Analysts suggest that the renewed appetite for Bitcoin ETFs mirrors optimism ahead of the upcoming Federal Reserve policy meeting scheduled for September 17, with many investors anticipating a potential interest rate cut. Such a move is widely expected to bolster risk assets, including cryptocurrencies.
Supporting this trend, Ether (ETH) ETFs also recovered after a rough six-day period marked by outflows exceeding US$1 billion. This recovery further underscores growing investor confidence across major crypto assets.
Price Movements of Major Cryptocurrencies
As of Friday, Bitcoin (BTC) was trading around US$114,941, representing a 1% increase over the prior 24 hours. During the day, its price fluctuated between a low of US$113,802 and a high of US$116,309.
Ethereum (ETH) similarly experienced gains, rising 2.5% to approximately US$4,521.17, with daily price levels ranging from US$4,400.20 to US$4,558.54.
Among notable altcoins, Solana (SOL) led with a 5.3% surge to US$239.78. Ripple’s XRP climbed 1.2% to US$3.04, while SUI and Cardano (ADA) also recorded modest gains of 0.4% and 1.1%, respectively.
Long-Dormant Bitcoin Whale Awakens After 13 Years
In a surprising development, blockchain analysts observed activity from a Bitcoin wallet that had been inactive for 13 years. This “whale” wallet, holding 444.81 BTC—valued at just over US$50 million at current prices—transferred 132.03 BTC to a new address and an additional 5 BTC to the Kraken exchange on Wednesday.
The sudden movement from such a long-silent wallet has sparked debate across the crypto community. Questions arise over whether the original owner regained access after more than a decade or if ownership of the coins has changed hands. Historically, reactivation of dormant wallets can precede significant sell-offs or signal shifts in long-term investor sentiment, making this occurrence particularly noteworthy amidst Bitcoin’s ongoing rally above $115,000. —
Gemini Prices IPO Above Expectations
In other noteworthy news, Gemini Trust Company—the cryptocurrency exchange founded by Tyler and Cameron Winklevoss—has priced its initial public offering (IPO) at $28 per share, surpassing earlier projections of $17 to $19. The stock will begin trading on the Nasdaq Global Select Market under the ticker symbol GEMI.
Gemini’s strong IPO pricing reflects robust investor demand and heightened interest in publicly traded crypto firms. While the company will not directly benefit from secondary sales, the offering marks one of the most anticipated crypto sector debuts of 2025. Despite a promising IPO, Gemini’s financials reveal challenges, including widening losses that reached $282.5 million during the first half of 2025, despite a revenue of $142.2 million last year—largely driven by trading fees. The company also remains under regulatory scrutiny after settling a $5 million case with the Commodity Futures Trading Commission (CFTC) earlier this year related to Bitcoin futures misstatements.
Looking Ahead
With spot Bitcoin ETFs continuing to attract significant capital inflows and major players reemerging in the market, the crypto space remains dynamic. Market watchers are closely monitoring Federal Reserve policy announcements and investor sentiments for further cues.
For ongoing updates and in-depth analysis on Bitcoin, Ethereum, and other cryptocurrencies, stay connected with us.
Follow us on Twitter @INN_Technology for real-time news.
About the Author:
Giann Liguid is an investment and technology writer with a background in interdisciplinary studies from Ateneo De Manila University. He covers a broad range of topics including blockchain, security, business, and market trends.
Disclaimer: The author holds no direct investment interests in the companies mentioned in this article. This content is for informational purposes only and does not constitute financial advice.
For related reading: