đ **Bitcoin ETFs Surge Amid Fed Rate Cuts!** đ
What a week for Bitcoin enthusiasts! đ As the central bank of the world's strongest economy slashed interest rates by 0.5%, US investors went on a Bitcoin ETF shopping spree. In just four days leading up to the FOMC meeting, net inflows hit over $500 million! đ
However, the day of the rate cut saw a brief dip with $52.7 million in outflows. But fear not, Bitcoin bounced back with $158.3 million and $92 million in net inflows on Thursday and Friday, respectively. Overall, the week closed with a whopping $397.2 million in net inflows! đ°
Interestingly, BlackRockâs IBIT saw minimal action, while Fidelityâs FBTC and Ark Investâs ARKB stole the spotlight with impressive inflows. đ
Stay bullish, Bitcoiners! đ
