Here's how Bitcoin and Ethereum investors in the US are preparing for the FOMC meeting

The US Federal Reserve will meet on September 18-19 to discuss whether it will follow the lead of other central banks, such as the ECB, and start lowering key interest rates after years of increases.

This is a particularly interesting development for all financial markets, but especially for cryptocurrencies, given their relatively short history and susceptibility to similar news and events. It is therefore interesting to see what US investors have done to prepare, at least as far as bitcoin and ethereum ETF investments are concerned.

Buying bitcoin

Since their inception in mid-January this year, the 11 spot bitcoin ETFs have reflected the general sentiment of US investors towards the largest cryptocurrency. Their activity has also affected the price movements of the underlying asset, as prolonged buying spurts have led to rallies and vice versa.

Their stocks are heavily influenced by market news and the overall state of the local economy. For example, they went on a short-term buying spree on August 23 and 26 (Friday and Monday) after Jerome Powell said that the US central bank will likely cut interest rates soon.

Although their behavior changed in the following weeks due to economic uncertainty, they began to accumulate again in recent days. FarSide bitcoin-etf-flow-all-data/” data-wpel-link=”external” target=”_blank”>data shows that total net inflows into all US spot btc ETFs rose to $186.8 million on Tuesday, which was the last full day of trading before the FOMC meeting.

Previously, positive figures stood at $12.8 million on Monday, a whopping $263.2 million last Friday, and $39 million last Thursday. This means that US-based investors have accumulated their btc ETF portfolios by just over $500 million over the past four trading days.

What's happening with eth?

ethereum spot ETFs have failed to attract serious investor demand and interest, as has been reported in the past. The trend has not changed much this week, with total outflows standing at $9.4 million on Monday and $15.1 million yesterday.

This means that even promising news about riskier assets, such as a potential rate cut by the Federal Reserve, could not help ethereum ETFs in terms of changing investors' outlook.

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