US bitcoin ETFs see largest inflow since January, $731M

The size of the inflow signals a renewed institutional appetite for bitcoin exposure, likely driven by macro expectations rather than crypto-specific catalysts. Waller's dovish tone suggests rate-cut bets are re-entering the market narrative, which historically supports risk assets, but the concentration in a single day raises questions about sustainability. The key watch is whether this momentum holds across multiple sessions or fades as quickly as it appeared, and whether other macro signals reinforce or contradict the Fed's messaging. For market participants, the flow data now acts as a barometer for how sensitive digital assets remain to interest-rate policy.