Bitcoin ETFs See Largest Inflow Since May as Weak Jobs Data Boosts Crypto
Key Facts
In a move highlighting the sensitivity of digital assets to US monetary policy, spot Bitcoin ETFs recorded their largest daily net inflow since May. This surge was primarily triggered by a weaker-than-expected US jobs report, which effectively ended a 10-day streak of net outflows with $222 million in fresh capital. According to reports, this macro catalyst helped Bitcoin rebound from its recent bear-market lows as institutional sentiment shifted rapidly.
The rebound comes as the soft employment data eased market concerns regarding further interest rate hikes, bolstering risk appetite across the crypto sector. Compared to last week's performance, major funds like BlackRock’s IBIT and Fidelity’s FBTC led the recovery phase, with traders now viewing institutional liquidity as a key confirmation of a trend reversal per market data.
Traders should watch for the sustainability of these inflows following the Bitcoin price action at the close of June 28, 2026. With the Chinese Manufacturing PMI scheduled for release on June 30, global risk appetite remains sensitive to macro data, particularly after the Michigan Consumer Sentiment reading of 49.5 on June 26, which continues to influence capital flows into spot ETFs.
Latest Updates · 6
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Update: These $221.7 million inflows represent the largest single-day capital entry into Bitcoin ETFs since May. This milestone, according to reports, strengthens expectations that the market has moved past its correction phase and entered a new period of institutional accumulation.
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Update: Additional data reveals that the preceding 10-day outflow streak resulted in a total of $2.7 billion being withdrawn from the market prior to the recent reversal. However, analysts maintain a cautious outlook, suggesting that these fresh inflows may not yet signal a permanent or sustainable shift in the broader market trend.
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Update: This return to positive flows follows a challenging June, during which Bitcoin ETFs saw total net outflows of $4.5 billion prior to the reversal. According to reports, BlackRock's IBIT fund led these monthly outflows, making the recent shift in liquidity significant for broader market stabilization.
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Update: These inflows of $221.7 million represent the strongest daily liquidity intake since early May, directly contributing to Bitcoin's price recovery above the $61,000 threshold. This momentum reflects a resurgence in institutional buying power as prices stabilize above key technical support levels.
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Update: Despite the overall positive market shift, BlackRock's IBIT ETF recorded a solo outflow of $40.43 million on Thursday. Conversely, prediction markets reflect strong underlying optimism, with Polymarket pricing a 99.95% probability that Bitcoin will maintain its price above the $50,000 level.
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Update: These $222 million inflows mark the strongest single-day performance for the ETFs in two months. Notably, this momentum was driven by robust capital commitments to various other funds in the sector rather than being led by BlackRock's IBIT.