Bitcoin, Ether ETFs End Outflow Streaks Ahead of NFP

Bitcoin and ether exchange-traded funds logged inflows in the latest trading session, ending a 13-day outflow run for bitcoin funds and a 17-day run for ether funds as traders rotated into equity perpetual futures ahead of the U.S. Nonfarm Payrolls release.

Traders increased activity in equity perpetual contracts, or perps, which are continuous futures with no set expiration. Perps let participants adjust leverage and position size quickly, so they are commonly used to take short-term directional bets or hedges ahead of major data releases.

ETF flow data showed the end of consecutive daily redemptions that had reduced holdings over recent weeks. The inflows into spot-style bitcoin and ether funds occurred alongside higher volumes in equity perps, indicating a shift in where trading capital was allocated in the run-up to payrolls.

Market participants cited the payrolls report as a key scheduled event that could move interest-rate expectations and equity volatility. Traders positioned in perps to respond rapidly to changes in rates or market volatility that could follow the payrolls print.

Analysts note that ETF flows often change quickly around scheduled economic releases, with allocations adjusted as headline numbers and market reactions appear. The recent inflows into crypto ETFs took place while activity in equity perps was rising.

Bitcoin and ether spot ETFs provide regulated, exchange-traded exposure to the two largest cryptocurrencies without direct custody of the underlying assets. Perpetual futures use funding rates to track underlying prices and remain open indefinitely, making them a common tool for leveraged trading and short-term positioning.

Market participants monitor the U.S. Nonfarm Payrolls monthly report because it affects Federal Reserve policy expectations and can alter flows across asset classes. Stronger payrolls tend to support higher interest-rate expectations, while weaker payrolls can lift appetite for risk assets.