U.S. spot Bitcoin ETFs see $221.7M inflows as softer U.S. data boosts Bitcoin above $61K
U.S. spot Bitcoin ETFs recorded $221.7 million in net inflows, ending a 10-day withdrawal streak as weaker U.S. jobs data and easing Federal Reserve rate hike concerns helped Bitcoin rebound about 7.7% from its weekly low. Bitcoin climbed back above $61,000, with Fidelity’s FBTC leading inflows at $166 million. Analysts noted historical July trends and late-cycle patterns supporting a potential recovery phase. The inflows reflect renewed investor appetite amid softer economic signals and reduced expectations for Fed tightening.
U.S. spot Bitcoin ETFs recorded $221.7 million in net inflows, ending a 10-day withdrawal streak as weaker U.S. jobs data and easing Federal Reserve rate hike concerns helped Bitcoin rebound about 7.7% from its weekly low. Bitcoin climbed back above $61,000, with Fidelity’s FBTC leading inflows at $166 million. Analysts noted historical July trends and late-cycle patterns supporting a potential recovery phase. The inflows reflect renewed investor appetite amid softer economic signals and reduced expectations for Fed tightening.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
