Analysis: Although there is uncertainty regarding the Federal Reserve's interest rate cuts, the demand for cryptocurrency ETFs remains strong

ChainCatcher news, global market investors are waiting for the latest policy measures from the Federal Reserve. A 25 basis point rate cut by the Fed is almost a foregone conclusion. Traders will turn their attention to Fed Chairman Jerome Powell for clues about future policies. The cryptocurrency market is no exception.

In the past 24 hours, Bitcoin has risen about 1%, while the US dollar index has increased by less than 0.2%. Despite the uncertainty, the demand for spot cryptocurrency ETFs remains strong. This week, the net inflow for spot BTC ETFs was approximately $550 million, and the net inflow for spot ETH ETFs was nearly $300 million.