BIG RISE IN BITCOIN ETFS CLOSELY RELATED TO FED INTEREST RATE CUTTERS EXPECTATIONS‼️
There has been a huge capital inflow in Bitcoin ETFs in recent weeks. Despite the uncertainties in the cryptocurrency markets, investors have redirected $436 million worth of funds to these products. The biggest reason for the increased interest in US-based spot Bitcoin ETFs in particular has been the Federal Reserve's possible interest rate cut expectations.
This situation is drawing investors to high-risk assets. The moves of major players such as BlackRock are also remarkable; the company changed the trend in the market with its purchases despite major sales. Investors' search for protection against inflation and monetary policies also makes Bitcoin more attractive.
🔥🔥🔥These large inflows into Bitcoin ETFs suggest that interest rate cuts could trigger a bull run in the crypto market‼️
