Bitcoin, Ether ETFs Rebound as Powell Signals Rate Cuts
US spot Bitcoin and Ether ETFs experienced strong inflows following signals from Federal Reserve Chair Jerome Powell that interest rate cuts could arrive before the end of the year. Spot Bitcoin ETFs recorded $102.58 million in net inflows, reversing a $326 million outflow from the prior day; Fidelity’s Wise Origin Bitcoin Fund led with $132.67 million in inflows, while BlackRock’s iShares Bitcoin Trust saw a $30.79 million outflow. Total assets in spot Bitcoin ETFs reached $153.55 billion, accounting for 6.82% of Bitcoin’s market cap. Spot Ether ETFs also rebounded, with $236.22 million in net inflows, led by Fidelity’s Ethereum Fund at $154.62 million. Powell indicated the Fed is nearing the end of its quantitative tightening and is preparing for possible rate cuts due to a weakening labor market. Crypto investment products demonstrated resilience during recent market volatility, with $3.17 billion in inflows despite a major market downturn tied to US-China tariff concerns. Total inflows in 2025 have already surpassed last year’s total, driven by easing macroeconomic tensions and increasing demand for digital assets.
