U.S. spot Bitcoin exchange-traded funds (ETFs) ended a 10-day streak of net outflows on Thursday, attracting $221.7 million in fresh capital as weaker-than-expected U.S. economic data boosted expectations that the Federal Reserve could ease its monetary stance. The renewed institutional demand helped Bitcoin rebound above $61,000 after falling below $58,000 earlier in the week, offering investors a rare positive signal following one of the sector’s weakest months on record.
According to SoSoValue, Thursday’s inflows were the largest daily total for U.S. spot Bitcoin ETFs in nearly two months, reversing a period that saw investors withdraw approximately $2.73 billion from the funds over the previous 10 trading sessions. The recovery follows a difficult June, during which U.S.-listed Bitcoin ETFs recorded roughly $4.5 billion in net outflows, making it the industry’s worst month since the products launched in January 2024.
Fidelity Leads Institutional Buying
Fidelity’s Wise Origin Bitcoin Fund (FBTC) accounted for the majority of Thursday’s inflows, attracting $165.96 million. The ARK 21Shares Bitcoin ETF (ARKB) followed with $91.84 million, while VanEck’s HODL added $4.35 million.
The only major fund to post losses was BlackRock’s iShares Bitcoin Trust (IBIT), which recorded $40.43 million in net outflows. The world’s largest spot Bitcoin ETF has now experienced several consecutive sessions of investor withdrawals dating back to mid-June, although it remains the dominant fund by assets under management.
While one day of positive flows does little to offset recent selling, it marked the first time since early May that U.S. Bitcoin ETFs collectively attracted more than $200 million in new investments, suggesting institutional sentiment may be stabilizing.
U.S. Spot Bitcoin ETF Flows (Source: SosoValue)
Bitcoin Recovers Above $61,000
The improvement in ETF demand coincided with a recovery in Bitcoin’s market price.
Bitcoin had fallen to its lowest level in roughly 21 months earlier this week amid broad macroeconomic uncertainty and continued ETF outflows. However, following Thursday’s economic data, the cryptocurrency climbed back above $61,000, trading around $61,800 at the time of writing, according to CoinGecko.
The rebound also lifted broader digital asset markets after weeks of pressure driven by concerns that elevated U.S. interest rates would continue weighing on speculative investments.
Bitcoin (BTC) Price Performance on July 03, 2026 (Source: CoinMarketCap)
Weak Jobs Report Shifts Rate Expectations
The primary catalyst behind Thursday’s recovery was a softer-than-expected U.S. labor market report.
The June employment report showed the U.S. economy added just 57,000 nonfarm payrolls, well below economists’ consensus estimate of around 110,000. The weaker hiring figures strengthened market expectations that the Federal Reserve could adopt a more accommodative policy path if economic growth continues to slow.
Federal Reserve Chair Kevin Warsh also indicated that inflation risks have eased, helping reinforce expectations that policymakers may not need to tighten monetary policy further.
The shift pushed Treasury yields and the U.S. dollar lower, creating a more supportive environment for non-yielding assets such as Bitcoin. Historically, cryptocurrencies have benefited when expectations for higher interest rates begin to fade.
Analysts Link ETF Demand to Improving Macro Sentiment
Analysts largely attributed Thursday’s ETF inflows to improving macroeconomic conditions rather than crypto-specific developments.
Andri Fauzan Adziima, research lead at Bitrue Research Institute, said easing inflation concerns and the Federal Reserve’s softer tone helped improve overall market sentiment, encouraging investors to return to digital assets. He added that the same trend is beginning to benefit spot Ethereum ETFs, which attracted $14.9 million in inflows on Wednesday and another $29.1 million on Thursday, according to SoSoValue.
Tim Sun, senior researcher at HashKey, likewise argued that previous ETF outflows reflected market pricing in the possibility of additional interest-rate hikes. As expectations for tighter monetary policy have weakened following the latest jobs report, investors have become more willing to allocate capital back into Bitcoin.
U.S. Spot ETH ETF Flows (Source: SosoValue)
Recovery Remains Fragile
Despite Thursday’s encouraging figures, market observers caution that a single day of inflows is not enough to confirm a sustained recovery.
The previous 10-day outflow streak erased more than $2.7 billion from U.S. spot Bitcoin ETFs, while cumulative net flows for 2026 remain deeply negative. Thursday’s $221.7 million inflow therefore represents only a small fraction of the capital that left the market during June.
Historically, Bitcoin bull markets have been supported by consistent institutional buying through ETFs rather than isolated daily inflows. Investors will be watching closely to see whether Thursday’s rebound develops into a broader trend over the coming weeks.
Stephen Wundke, strategy and revenue director at Algoz Technologies, believes recent buyers are taking advantage of oversold conditions after investors rotated heavily into defensive assets such as U.S. Treasury bills during the recent selloff. He noted that declining Treasury yields and easing oil prices point to moderating inflation, potentially improving the outlook for risk assets.
Still, he expects Bitcoin to remain range-bound before establishing a clearer direction. That cautious outlook is reflected in prediction markets, where traders continue assigning a significantly higher probability that Bitcoin’s next major move will be toward $55,000 rather than $84,000.
For now, the return of more than $221 million in ETF inflows provides a welcome boost after weeks of persistent selling. Whether it marks the beginning of renewed institutional accumulation or merely a short-term rebound will depend largely on upcoming U.S. economic data, Federal Reserve policy decisions, and whether ETF demand remains positive in the weeks ahead.
