Bitcoin prices surged past the $115,000 mark in recent hours, driven by a significant influx of over half a billion dollars into Bitcoin-focused exchange-traded funds (ETFs) and growing optimism around interest rate cuts. As investors anticipate a potential Federal Reserve interest rate reduction, these ETFs have seen an increase in net inflows, exceeding $552.7 million according to Coinglass. This surge is largely attributed to institutional investor confidence bolstered by the recent success of BlackRock’s IBIT and Fidelity’s FBTC, which saw notable daily inflows. Market participants are now intently watching the upcoming Federal Open Market Committee (FOMC) meeting on September 16th for any indication on rate cuts.