On Friday, at 8:30 ET, the U.S. Bureau of Labor Statistics will publish the nonfarm payrolls report for the month of August.
According to consensus estimates, the economy is said to have added 65,000 jobs last month, following a unexpected 23,000 losses in July. However, the unemployment rate is seen rising to 4.2% from 4.1%.
The data could influence the Fed rate hike expectations and move the dollar and bitcoin.
U.S. spot bitcoin ETFs took in about $731 million on Thursday, the strongest daily haul since January, according to SoSoValue. That single session is more than three times the size of any day of an 11-day streak in late August.
BlackRock's IBIT drew roughly $454 million of it, with Ark and 21Shares' ARKB taking $138 million and Fidelity's FBTC $74 million. Grayscale's two products added a combined $57 million. VanEck's HODL and WisdomTree's BTCW were the only funds to shed money, at $20 million and $5 million.
Every fund gained between 5.7% and 5.9% on the day, and total net assets closed at $103.34 billion, now equal to just over 6% of bitcoin's market capitalization. Cumulative net inflows since the January 2024 launches reached $55.44 billion.
The day reverses Tuesday's $236 million outflow, when IBIT alone accounted for $201 million of the redemptions. The same fund has now driven both the largest outflow and the largest inflow of the past week.
Friday's print is where this gets tested. A second consecutive session above $500 million would mark the first sustained institutional bid since the summer.
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