U.S. Spot Bitcoin ETFs Snap 10-Day Outflow Streak With $221.7M Inflow

U.S. spot Bitcoin ETFs swung back to net inflows, pulling in $221.7 million in a single session and breaking a run of 10 straight trading days of redemptions, CoinDesk reported. SoSoValue data show the day's figure was the strongest one-day intake in the past two months. Over the prior 10 sessions, these products recorded nearly $2.7 billion in cumulative outflows. The reversal in ETF flows came as softer U.S. macro data eased fears of additional Federal Reserve tightening and lifted risk appetite. Bitcoin, which briefly fell below $58,000 earlier in the week, climbed back above $61,000 and was last near $62,500. That puts BTC about 7.7% above its weekly low, suggesting some capital returned to spot products following the drawdown. Markets took June labor numbers as supportive. U.S. Department of Labor data showed nonfarm payrolls rose by 57,000, well below expectations of about 110,000. Fed commentary cited in the report was also read as pointing to easing inflation pressures, pushing down rate-hike expectations and weighing on the U.S. dollar. Ethereum spot ETFs in the U.S. also benefited from the improved tone, posting net inflows of $14.9 million on Wednesday and $29.1 million on Thursday. Investors are also revisiting Bitcoin's historical July performance. On X, analyst Cyclop cited CoinGlass monthly return data showing Bitcoin has delivered gains of more than 20% in July during past bear markets. Another analyst, Ardi, said the current correction may be entering its later stages. The report added that Thursday's ETF inflows were primarily driven by the latest U.S. data and shifting rate expectations, rather than seasonality alone.