Analysis: Although there is uncertainty regarding the Fed's interest rate cuts, the demand for encryption ETFs remains strong.

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Odaily News Global market investors are waiting for the latest policy measures to be announced by the Fed later today. A 25 basis point rate cut by the Fed has almost become a foregone conclusion. Traders will turn their attention to Fed Chairman Jerome Powell for clues about future policies. The crypto assets market is no exception. Over the past 24 hours, Bitcoin has risen by about 1%, and the dollar index has increased by less than 0.2%. Despite the uncertainty, the demand for Spot crypto assets ETFs remains strong. This week, the net inflow for Spot BTC ETFs is approximately $550 million, while the net inflow for Spot ETH ETFs is close to $300 million. (CoinDesk)

ETH2.27%
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