Bitcoin ETF Demand Soars Amidst US Rate Cut Expectations

US interest rate cuts are driving a surge in Bitcoin ETF demand, with analysts predicting over 100,000 BTC could be absorbed this quarter alone. Nexo analyst Iliya Kalchev highlighted this trend, emphasizing the potential market impact of such increased investments. The Federal Reserve’s future communication regarding interest rates and upcoming data releases like the US jobs report will play a crucial role in determining the direction of the market.