Bitcoin ETFs recorded a single-day net inflow of $103 million, returning to net inflows, while Ethereum ETFs saw net outflows for a third consecutive day. In the same period, weaker-than-expected U.S. nonfarm payroll data pushed down U.S. Treasury yields, and Bitcoin briefly touched $87,000. These changes correspond to the crypto market's fund flows and price action, respectively, and constitute the latest developments covered in this article.
From an indicator standpoint, ETF fund flows are viewed by the market as a core indicator for observing capital preferences in the crypto market; U.S. nonfarm payroll data is an important macroeconomic variable affecting U.S. Treasury yields and crypto asset price performance. The following sections examine the latest changes and areas to watch from the fund flow and price sides, respectively.
Bitcoin ETFs returning to net inflows this time is a key change in the latest data. This shift means there has been a directional adjustment in capital preference for related products. Meanwhile, Ethereum ETFs saw net outflows for three consecutive days, opposite to the direction of Bitcoin ETF flows. The flow directions of the two types of ETF products were not consistent, indicating a divergence in capital allocation between Bitcoin- and Ethereum-related products. ETF flow data is public, continuous, and comparable, providing a direct basis for observing capital preferences. Although single-day or multi-day data cannot alone be used to judge long-term trends, directional changes are still regarded by the market as important signals. The main feature of the current fund flow data is not the inflow or outflow of a single product, but the directional difference between the two types of products.
On the price side, Bitcoin briefly touched $87,000. After U.S. nonfarm payroll data came in weaker than expected, U.S. Treasury yields fell, and Bitcoin prices strengthened in the short term. Relevant data show a notable correlation between macroeconomic data and Bitcoin prices. This means macroeconomic data remains an important external factor affecting crypto asset prices. The chronological relationship between weak nonfarm payroll data pushing down U.S. Treasury yields and Bitcoin's short-term strength constitutes the latest price fact.
Observing fund flows and price action in the same period, Bitcoin ETFs returning to net inflows and Bitcoin briefly touching $87,000 occurred at the same time; Ethereum ETFs' three consecutive days of net outflows indicate different choices of capital between the two types of products. It should be noted that available public information does not provide more details on ETF issuers, specific duration, or price continuity. Therefore, the correlation between the two sets of data should be treated with caution, and causality should not be inferred from it.
The news coverage in the original material also includes the SEC proposing to ease crypto custody rules, South Korea's financial regulator proposing detailed rules for tokenized securities, and NEAR Intents being hacked and the hacker identified. These items fall under regulatory and security topics; this article focuses on ETF flows and Bitcoin price performance and does not discuss them in detail.
Going forward, attention can be paid to whether Bitcoin ETF net inflows continue, whether Ethereum ETF net outflows end, and whether the linkage between changes in U.S. Treasury yields and Bitcoin prices continues to emerge. ETF flow data remains a core indicator for observing capital preferences, and macroeconomic variables such as U.S. nonfarm payroll data may continue to affect U.S. Treasury yields and crypto asset price performance. The regulatory and security matters not discussed in detail can also be monitored, but they are different topics from the ETF flows and price performance focused on in this article. Currently, public information is limited, and interpretation of the events should be limited to confirmed facts.
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