Bitcoin ETFs see $843.9M inflow, largest since April, as cooling US labor market eases Fed pressure
Bitcoin ETFs recorded a $843.9M inflow, the largest since April, attributed to a cooling US labor market easing pressure on the Federal Reserve and shifting macro headwinds in favor of risk assets.
Detected & updated continuously · Source: Nebula
Story subjects
Sources
@CryptoLogicHQ
Institutional capital is back. With the cooling US labor market easing Fed pressure, Bitcoin ETFs just saw a massive $843.9M inflow—the largest since April. Macro headwinds are shifting, and risk assets are taking notice. 📈 https://t.co/a4urKRdGPj
@TU_Crypto_News
Lia Holmgren says last week’s 5.7% market surge came despite more aggressive selling than buying, suggesting the rally lacked genuine conviction. She also pointed to a 108,000 jobs miss and said the Fed is reacting to a confused market.
@benwinnner
With slightly weaker job numbers the belief is the Fed will not raise interest rates.