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Analysis: Although there is uncertainty in the Fed's interest rate cut, demand for crypto ETFs remains strong

Source: Odaily
Odaily Planet Daily News Global market investors are waiting for the latest policy measures announced by the Federal Reserve later today. The Fed's 25 basis points cut rate is almost a foregone conclusion. Traders will turn to Fed Chairman Jerome Powell to look for clues to future policies. The cryptocurrency market is no exception. Bitcoin has risen about 1% in the past 24 hours, and the U.S. dollar index has risen less than 0.2%. Despite uncertainty, demand for spot cryptocurrency ETFs remains strong. This week, spot BTC ETF net inflows was approximately $550 million and spot ETH ETF net inflows was nearly $300 million. (CoinDesk)
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