Bitcoin has gained about 3.8% over seven days as U.S. spot Bitcoin ETFs have drawn $2.39 billion this week, while Quant, Ethena and Bitway have led the 100 largest crypto assets by weekly price gain.
Summary
- Quant rose 61.8% after The Clearing House selected it for a U.S. tokenized-deposit network.
- Ethena gained 54.1% as it expanded USDe’s backing strategy into tokenized stocks and equity futures.
- Bitway climbed 48.0%, although a sharp daily reversal put its weekly advance under pressure.
- Bitcoin held near $84,000 after reaching an eight-month high above $87,000 earlier in the week.
According to CoinGecko, Bitcoin traded near $84,077 on Sep. 26, and the total crypto market value stood near $2.98 trillion. Quant (QNT) ranked first among the top 100 seven-day gainers at 61.8%, followed by Ethena (ENA) at 54.1% and Bitway (BTW) at 48.0%. The rankings use rolling seven-day price changes, so the figures can change during the weekend.
Bitcoin ETF inflows set the market backdrop
U.S. spot Bitcoin ETFs recorded net inflows on all five trading days from Sep. 21 through Sep. 25, according to Farside Investors. The funds drew $999 million on Monday and $714.7 million on Tuesday, followed by $346.9 million, $190.7 million and $134.5 million over the next three sessions. Combined inflows reached about $2.39 billion.
Bitcoin reached $87,392 on Sep. 21 before retreating toward $84,000. In a report on ETF demand published Sep. 24, crypto.news quoted BTCS S.A. strategy adviser Wojciech Kaszycki, who said cash entering spot funds supported the initial price rise while futures positions also increased. He put the next major test near $90,000 if buying continued.
CoinGecko’s seven-day figures showed a much larger move in the three leading tokens than in Bitcoin. Each also had a separate development or trading pattern behind its advance, leaving different price levels in focus for the coming week.
Quant tests $106 after clearing $100
Quant traded near $104.48 in the CoinGecko snapshot, giving it the strongest seven-day return among the 100 largest assets. On Sep. 24, The Clearing House announced that it had selected Quant to power its On-Chain Money Initiative in the United States.
Quant will provide technology to connect banks and coordinate the clearing and settlement of tokenized-deposit transactions. The Clearing House said the network will also connect with payment systems already used by financial institutions, including RTP and CHIPS. It expects the service to become available to participating banks in the first half of 2027.
The U.S. selection follows Quant’s work on a separate British bank project. On Sep. 24, six UK institutions completed live customer transactions through the Great British Tokenised Deposit initiative, which Quant supported alongside EY and Linklaters. The British project tested payments involving customers at different banks.
On the TradingView daily chart, QNT rose through the Murrey Math $100 level and traded around $104.57. Its Average Directional Index stood at 39.13, indicating a strong trend after the steep advance. Price reached $108 during the session before easing below the chart’s $106.25 overshoot level.
A move back above $106.25 would put $112.50 in focus, followed by $118.75 if buyers sustain the advance. If QNT falls below $100, the breakout would face a more demanding test at $93.75, the next marked level on the daily chart.
Ethena approaches $0.28 with RSI near 80
Ethena’s ENA traded near $0.2781 on CoinGecko after gaining 54.1% over seven days. On Sep. 25, the protocol said it would add tokenized U.S. stocks and corresponding equity perpetual futures on Binance to part of the strategy used to back its USDe synthetic dollar.
As reported on Sep. 25, Ethena plans to hold Binance bStocks for stock exposure and take offsetting positions in equity perpetuals. Ethena said Binance’s equity perpetual market had more than $2.9 billion in open interest. The stock-linked positions add another market for a strategy the protocol has also used with crypto assets.
Ethena Labs founder Guy Young called it “the most significant expansion of USDe’s funding mechanism since we started.” The company said its Risk Committee had approved a framework for the stock-based trades.
The strategy involves tokenized U.S. equities, but Binance’s bStocks offering is available to eligible users where permitted by local law. Binance’s original bStocks launch included tokens linked to Nvidia, Tesla, Circle, Micron, and Sandisk shares. The tokens provide stock-linked exposure without the voting rights held by direct shareholders.
On the TradingView daily chart, ENA traded around $0.2756 after touching $0.2807. Price stood above its 20-day moving average at $0.1808, its 50-day average at $0.1491, its 100-day average at $0.1160, and its 200-day average at $0.1082. Daily RSI reached 79.85, above the commonly watched 70 level.
A move above $0.2807 would extend the latest breakout. The day’s $0.2632 low is the first level to watch on a pullback; below it, the earlier $0.22–$0.23 trading area would come back into view. Ethena’s fee-switch proposal links future ENA buybacks to USDe supply thresholds, starting at $7.5 billion, rather than providing an immediate buyback at the supply level cited in the proposal.
Bitway’s reversal puts $0.76 in focus
Bitway traded near $0.9032 on CoinGecko, up 48.0% for the rolling seven-day period. Its daily TradingView chart showed a much sharper move within that window: BTW reached $1.3661 before falling to about $0.9033, with the session’s low at $0.7620.
Earlier in the week, on-chain analyst Ai Yi reported that a new address withdrew 5 million BTW, worth about $3.71 million at the time, from Gate. Other reports of the analyst’s findings put the combined withdrawals by three new addresses at 15 million BTW within three hours. The transfers occurred during the rally, but the transactions alone do not establish who controlled the wallets or why BTW’s price rose.
Bitway also has a staking program running from Sep. 1 to Oct. 1, with an 8% stated annual rate on USDT and an additional 3% offered in BW Points. Its earlier incentive programs were covered in an August Bitway price report after the token rose sharply that month.
The latest daily candle leaves BTW below the Bollinger upper band near $1.1513 but above its middle band near $0.7121. Regaining $1.00 and then $1.1513 would bring the $1.30–$1.37 area back into focus. A fall through the $0.7620 daily low would put the $0.7121 middle band next on the chart.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
