The U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) recorded net inflows on Tuesday, as Federal Reserve Chairman Jerome Powell hinted at the possibility of further interest rate cuts within the year.
According to SoSoValue data, the net inflow for the spot Bitcoin ETF was $102.58 million. This marked a rebound compared to the previous day's outflow of $326 million. The Fidelity Wise Origin Bitcoin ETF (FBTC) saw an inflow of $132.67 million, while the BlackRock iShares Bitcoin ETF (IBIT) experienced a slight outflow of $30.79 million.
The total net assets of all spot Bitcoin ETFs reached $15.355 billion, accounting for 6.82% of Bitcoin's market value. Cumulative inflows amounted to $6.255 billion.
The Ethereum ETF also saw a return of funds, with a net inflow of $236.22 million, reversing the $428 million outflow on Monday. The Fidelity Ethereum Fund (FETH) recorded an inflow of $154.62 million, leading among all funds, while the Grayscale Ethereum Fund and Bitwise Ethereum ETF saw inflows of $34.78 million and $13.27 million, respectively.
On Tuesday, Federal Reserve Chairman Powell stated that the U.S. central bank is nearing the end of its balance sheet reduction plan and is preparing for potential interest rate cuts in the context of a weak labor market.
Powell noted at the National Association for Business Economics conference that the Fed is expected to soon halt its "quantitative tightening" process and mentioned that current reserves are slightly above the level needed for adequate liquidity.
Vincent Liu, Chief Investment Officer at Taiwan's Kronos Research, told Cointelegraph, "If there is a rate cut in October, the market will react quickly, and the liquidity of cryptocurrencies and ETFs will increase, leading to greater price volatility."
He added, "As capital seeks higher efficiency in a low-interest-rate environment, digital assets will receive a positive boost."
Cointelegraph reported that crypto investment products demonstrated strong resilience during last week's market volatility. According to CoinShares data, despite the market crash triggered by U.S.-China tariff tensions, inflows still reached $3.17 billion.
CoinShares noted on Monday that last Friday's market panic only resulted in an outflow of $159 million, even though major exchanges liquidated positions worth up to $20 billion. The resilience shown by crypto products has led to cumulative inflows of $48.7 billion by 2025, surpassing the total for the entire previous year.
Liu stated, "The easing of U.S.-China tariff tensions, along with the strengthening of gold due to depreciation trading, is driving the growth in demand for digital assets."
Related: Bitwise: 48 new Bitcoin (BTC) reserve companies added in just three months
Original article: “U.S. Bitcoin (BTC) and Ethereum (ETH) ETFs rebound as Powell signals rate cuts”
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