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Crypto Macro

Bitcoin ETFs Draw $134M in First Two Trading Days of October

Spot Bitcoin ETFs took in $134.4 million over the first two trading days of October, rebounding from a Sept. 30 outflow. The inflows came as a weak jobs report cooled bets on further Federal Reserve rate hikes, giving the new month a green start.

Original source

AI take

The rebound is less about ETF demand itself than about the macro trigger: a soft jobs print shifting rate expectations, which remains the dominant driver for bitcoin flows. That matters for readers tracking whether these vehicles are building an independent investor base or simply amplifying the macro trade. The open question is whether inflows persist once the labor data fades from the tape, or whether September's choppiness returns.

Generated by AI for reference only.

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