Bitcoin ETFs see biggest inflow since May after weak US jobs report sparks BTC price rebound
US spot Bitcoin ETFs saw $223 million in net inflows on Thursday, their biggest daily gain since May, ending a 10-day outflow streak that had removed $2.73 billion. The rebound followed a weaker-than-expected June US jobs report, which eased fears of near-term Federal Reserve tightening and helped Bitcoin recover from a 21-month low below $58,000 to briefly above $62,000. The labor data showed only 57,000 jobs added, downward revisions to prior months, and signs of cooling in hiring, though unemployment fell to 4.2% as labor force participation dropped. Markets responded by pulling back rate-hike expectations, weakening the dollar and lifting risk assets. Bitcoin’s near-term outlook now hinges on whether ETF inflows continue and whether it can hold support around $60,000 to $62,000. Despite the relief rally, recent outflows, mixed technical signals, and fragile positioning still point to elevated volatility.
