Analysts: The abnormal flow of spot bitcoin ETFs appears to be influenced by investors' uncertainty about the path of the Federal Reserve's rate hike
2024-05-31 06:49:59
Rachael Lucas, a cryptocurrency analyst at BTC Markets, said the unusual flow of spot Bitcoin ETFs appears to have been affected by investor uncertainty about the path of the Federal Reserve's rate hike, especially in anticipation of a major U.S. economic report on May 31. If U.S. inflation data beat expectations and personal income and spending trends rise, it could dampen investor optimism that the Federal Reserve could cut interest rates in September. A more hawkish Fed could negatively impact demand for risky assets, including Bitcoin and related ETFs.
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