U.S. spot Bitcoin ETFs recorded roughly $222 million in net inflows on Thursday, their biggest daily intake since May. The reversal followed a weak June jobs report that eased some rate-hike concerns and supported a rebound in the cryptocurrency above $62,000.
Data from SoSoValue showed the funds attracted $221.7 million to $223 million in fresh capital, ending a 10-day outflow streak that had removed $2.73 billion. Fidelity’s FBTC led with nearly $166 million, while BlackRock’s IBIT posted a $40.43 million outflow.
The inflows coincided with Bitcoin climbing back above $62,000 after dipping below $58,000 earlier in the week, its lowest level in 21 months. Year-to-date net outflows for the ETFs still stand at about $5.4 billion.
Analysts noted that one session of inflows does not confirm a sustained recovery. They said continued buying would be needed to signal that investors view the recent selloff as an entry point rather than a temporary relief rally.
The labor data showed U.S. employers added only 57,000 jobs in June, well below expectations, with downward revisions to prior months. Markets responded by pushing back some expectations for additional Federal Reserve tightening.
