None
EN
Bitcoin lags S&P 500, Nasdaq despite renewed ETF inflows
[]
FXStreet Forex & Commodities News
Bitcoin (BTC) gained 2.15% last week, trailing the S&P 500's 3.51% return and the Nasdaq's 5.09% gain, despite a broad rally across risk assets.
The gains came following a weaker-than-expected July payrolls report, according to market-making firm Wintermute.
Bitcoin ETF inflows rebound ahead of inflation data releaseDespite the lag in Bitcoin's momentum, institutional inflows appear to be picking up again.
More than 80% of the combined Bitcoin and Ethereum ETF inflows went to BlackRock products.
“ETF inflows are back, but we need to see them continue for a little longer before turning outright constructive,” the firm added.