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Bitcoin ETFs Surge Amid Rate Hopes | Bitcoin and Crypto News
Description
Bitcoin ETFs just had their biggest inflow since April, fueled by BlackRock’s IBIT scooping up nearly $700 million — a strong signal that big players are returning after a rough stretch. Despite hacks and rising rates, Bitcoin holds steady near $64K, buoyed by a weaker-than-expected jobs report that may ease Fed rate hikes and boost institutional appetite. While ETFs have drained $4.5B so far this year, last week’s surge hints at a potential reversal — past bull runs were powered by consistent billion-dollar weekly inflows. The next big test? Upcoming CPI data, which could dramatically shape ETF flows and Bitcoin’s trajectory.
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