ARK Invest says Bitcoin ETF holders are back in the green

The average US spot Bitcoin ETF holder spent most of 2026 underwater. According to ARK Invest, that is no longer the case. The firm reports that holders’ investment gained 43% in a single quarter, a move it says indicates the market may be turning positive. From deep outflows to a record week Rewind to mid-July. Cumulative net outflows from US spot Bitcoin ETFs had reached approximately $5.8 billion, driven by Bitcoin’s choppy price action. Then the price turned. Bitcoin climbed from about $59,500 in early July to around $85,000 by early October, a gain of roughly 42.9%. That rally mattered for one specific number: the average holder’s cost basis. Estimates put it between $81,722 and $82,000. Cost basis is simply the average price investors paid to get in. Once Bitcoin traded above that range, the typical ETF buyer was sitting on a profit for the first time since January. The flows followed the price. In the week ending September 25, 2026, US spot Bitcoin ETFs took in net inflows of approximately $2.4 billion. That was the biggest weekly haul since October 2025. It also flipped total 2026 flows back into positive territory, with estimates ranging from $800 million to $934 million. ...