Bitcoin and Ethereum ETFs Attract $339 Million Amid Fed Rate Cut Hints
Recent developments have sparked renewed interest in Bitcoin and Ethereum exchange-traded funds (ETFs), with significant inflows totaling $339 million observed on October 14. This rebound is largely attributed to Federal Reserve Chair Jerome Powell's indications of potential rate cuts, which promise to increase liquidity across financial markets.
As expectations of these cuts grow, both traditional stocks and cryptocurrencies have benefited, with major indices rising amid a weakening dollar. Experts predict that an influx of cash into yield-bearing stablecoins and decentralized finance products could follow, driven by the liquidity released from the Fed's monetary policy changes.
The market for yield-bearing stablecoins, currently valued at $13.7 billion, may see a notable surge as investors seek attractive returns in this evolving landscape.
The press radar on this topic:
Bitcoin, Ethereum ETFs bounce back with $339m inflows as market steadies
US Bitcoin and Ether ETFs rebound as Powell signals rate cuts
US stocks soar as dollar slips amid Fed cut bets
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