According to The Block and SoSoValue data, Bitcoin spot ETFs recorded $277 million in net outflows on Friday (May 9), ending a five-day inflow streak that had totaled $1.69 billion. Spot ether ETFs posted $104 million in outflows the same day, with no funds recording positive flows.
The reversal coincided with renewed Iran-U.S. tensions. Iranian officials accused Washington of violating ceasefire terms, with reports of fresh strikes near the Strait of Hormuz pushing crude oil higher and unwinding earlier gains in risk assets. Meanwhile, April’s employment report showed the U.S. economy added 115,000 jobs—nearly double the consensus forecast of 62,000—yet failed to resolve broader macro uncertainty. Bitcoin traded under $80,000 as market participants remained cautious amid geopolitical risks and persistent energy-driven inflation concerns.
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