The Kobeissi Letter
The Kobeissi Letter|Sep 29, 2026 19:01
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 surged +29.8% when the US Treasury said it would increase buybacks of long-dated Treasuries. Meanwhile, US spot Bitcoin ETFs posted +$2.4 billion in inflows in the week ending September 25th, their largest weekly intake since October 2025. As a result, year-to-date inflows are up to +$1.0 billion, from -$5.0 billion in total outflows recorded at the end of July. Crypto is in a new bull market.
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