Analysis: Despite uncertainty about the Fed's rate cut, demand for crypto ETFs remains strong
2hours ago
According to Odaily Planet Daily, global market investors are waiting for the latest policy measures to be announced by the Federal Reserve later today. A 25 basis point interest rate cut by the Federal Reserve is almost a foregone conclusion. Traders will turn their attention to Federal Reserve Chairman Jerome Powell for clues about future policies. The cryptocurrency market is no exception. Bitcoin rose by about 1% in the past 24 hours, and the US dollar index rose by less than 0.2%. Despite the uncertainty, demand for spot cryptocurrency ETFs remains strong. This week, the spot BTC ETF had a net inflow of approximately US$550 million, and the spot ETH ETF had a net inflow of nearly US$300 million. (CoinDesk)
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