🚀 **Bitcoin ETF Rollercoaster Amid Fed Rate Cut!** 🚀

In the days leading up to the much-anticipated US FOMC meeting, local investors were on a buying spree for spot Bitcoin ETFs, with over $500 million in net inflows from September 12 to 17. However, the excitement took a turn when the Fed announced a surprising 50 basis point rate cut, leading to $52.7 million in net outflows yesterday.

Ark Invest’s ARKB saw the largest withdrawals at $43.4 million, followed by Grayscale’s GBTC with $8.1 million. Despite this, Bitcoin's price surged to nearly $63,000, showing resilience in the face of market fluctuations. 🌟

Stay optimistic, BTC enthusiasts! 🌐