Is the Bitcoin ETF rally over?

price has more than doubled since the batch of spot exchange-traded funds began trading in the U.S. back in January.

On Friday, however, the tide seemed to turn, with strong inflows across various ETFs, including Grayscale's GBTC. Additionally, BlackRock's IBIT fund is currently nearing parity with GBTC in terms of holdings. Kaiko analysts attribute this rebound in ETF inflows to U.S. jobs data, which sparked speculation about interest rate cuts by the Federal Reserve.

“Interestingly, ChinaAMC's Bitcoin ETF saw the strongest volume despite its higher fee of 99 basis points. ETH ETFs attracted 23% of the total first day volume, while BTC accounted for the majority at 77%,” Kaiko note reads.

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