Bitcoin spot ETFs post first net inflow in 10 days as rate-hike bets ease

Bitcoin recovered to the $62,000 range after weaker U.S. jobs data tempered expectations for additional interest-rate increases.

Summary

Bitcoin spot ETFs recorded their first net inflow in 10 days, while Bitcoin recovered to the $62,000 range. The move came after weaker-than-expected U.S. employment data reduced market expectations for further interest-rate hikes, a macro shift that can support risk assets including crypto.

Terms & Concepts
  • spot ETFs: Funds that hold the underlying asset directly.
  • net inflow: More money entered than left over a period.