BTC slid to a Friday session low of $66,022 in response to the hotter-than-expected US Jobs Report.

Nonfarm payrolls surged 303k in March after increasing by 270k in February. The US unemployment rate fell from 3.9% to 3.8%. However, average hourly earnings rose by 4.1% year-on-year compared with 4.3% in February. Softer wage growth figures drove demand for riskier assets.

On Friday, the Nasdaq Composite Index gained 1.24%, supporting a BTC recovery from sub-$67,000.

BTC-Spot ETF Market Sees Four Days of Net Inflows

On Friday, April 5, the BTC-spot ETF market saw total net inflows for the fourth session. According to Farside Investors, BTC-spot ETF market net inflows fall from $213.4 million (April 4) to $203.0 million (April 5). iShares Bitcoin Trust ensured the BTC-spot ETF market ended the week positively. Notable flow data for Friday, April 5, included,

• iShares Bitcoin Trust (IBIT) saw net inflows jump from $144 million (April 4) to $308.8 million (April 5).
• Fidelity Wise Origin Bitcoin Fund (FBTC) saw net inflows fall from $106.6 million to $83 million.
• Bitwise Bitcoin ETF (BITB) saw net inflows rise from $11.2 million to $74.0 million.
• Grayscale Bitcoin Trust (GBTC) saw net outflows jump from $79.3 million to $198.9 million.

The surge in IBIT net inflows coincided with news of prominent Wall Street names entering the BTC-spot ETF market fray.

According to an April 4 Form S-1 post-effective amendment, entities under Goldman Sachs (GS), Citigroup (C), UBS (UBS), Citadel (CTL), and ABN AMRO became authorized participants. A willingness to associate with the BTC-spot ETF market and BTC was another step in the evolution of the US crypto market.