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

ChainCatcher news, according to CoinDesk, 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%, and the U.S. dollar index has increased by less than 0.2%. Despite the uncertainty, demand for spot cryptocurrency ETFs remains strong. This week, net inflows for spot BTC ETFs were approximately $550 million, and net inflows for spot ETH ETFs were nearly $300 million.