Bitcoin Spot ETFs Record $277M Outflows on Friday as April Jobs Beat Fails to Sustain Rally Amid Iran Tensions

According to SoSoValue data, Bitcoin spot ETFs recorded $277 million in net outflows on Thursday, snapping a five-day inflow streak totaling $1.69 billion, with BTC trading under $79,700 on Friday as of the April employment report. Spot ether ETFs posted $104 million in outflows the same day with no funds recording net inflows.

The U.S. economy added 115,000 jobs in April, nearly double the consensus forecast of 62,000, while unemployment held at 4.3%. However, the flow reversal coincided with renewed Iran-U.S. ceasefire tensions, with prediction markets pricing a 97% probability of no Hormuz normalization by May 15. Analysts noted the rally has been driven primarily by institutional buying and short liquidations rather than retail participation, leaving pullbacks toward the $75,000–$78,000 support zone possible without broader retail engagement.