The cryptocurrency market is experiencing a bullish trend as the U.S. Federal Reserve meeting on September 16-17 approaches, with an 88% probability of a 0.25% rate cut. Bitcoin and Ethereum ETFs are at the forefront, with spot Bitcoin ETFs amassing $219 billion in assets under management and $642 million in inflows on September 12, highlighting strong institutional interest.
Additionally, 92 altcoin ETF filings are awaiting approval, with Solana, XRP, and Litecoin having a 95% chance of approval. If these ETFs are approved, significant investment inflows are expected, potentially boosting the altcoin market. The combination of potential rate cuts, jobless claims data, and ETF growth is creating a favorable environment for both retail and institutional cryptocurrency investments.
Bitcoin and Altcoin ETFs Surge as Fed Meeting Approaches
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