๐ **Bitcoin ETFs Surge Amid Fed Rate Cuts!** ๐
What a week for Bitcoin enthusiasts! ๐ As the central bank of the world's strongest economy slashed interest rates by 0.5%, US investors went on a Bitcoin ETF shopping spree. In just four days leading up to the FOMC meeting, net inflows hit over $500 million! ๐
However, the day of the rate cut saw a brief dip with $52.7 million in outflows. But fear not, Bitcoin bounced back with $158.3 million and $92 million in net inflows on Thursday and Friday, respectively. Overall, the week closed with a whopping $397.2 million in net inflows! ๐ฐ
Interestingly, BlackRockโs IBIT saw minimal action, while Fidelityโs FBTC and Ark Investโs ARKB stole the spotlight with impressive inflows. ๐
Stay bullish, Bitcoiners! ๐
