One analyst predicted that selling pressure in bitcoin ETFs is starting to ease, pointing out that four funds saw net inflows for the day.

The outflows were primarily driven by macroeconomic headlines, especially the stronger-than-expected U.S. jobs report, one analyst said.

Spot Bitcoin ETFs posted a fourth straight week of billion-dollar outflows, while Ether ETFs shed another $173 million as investors cut crypto exposure amid macro uncertainty.