US Bitcoin & Ether ETFs See Surge as Powell Hints at Rate Cuts

US spot Bitcoin and Ether exchange-traded funds (ETFs) experienced a rebound on Tuesday, seeing inflows driven by Federal Reserve Chair Jerome Powell’s suggestion of potential rate cuts before the end of the year. Data from SoSoValue reveals that spot Bitcoin ETFs recorded $102.58 million in net inflows after a previous outflow of $326 million, with Fidelity’s Wise Origin Bitcoin Fund (FBTC) leading gains at $132.67 million, while BlackRock’s iShares Bitcoin Trust (IBIT) posted a modest outflow of $30.79 million.