Viewpoint: Further Rate Cut Expectations Drive Bitcoin ETF Demand, Q4 ETF to Acquire Over 100k BTC

BlockBeats News, October 4th, Nexo's analyst Iliya Kalchev stated that the increasing expectation of another interest rate cut in the United States has triggered a "shift in market sentiment," attracting investors' renewed demand for a Bitcoin ETF. "At the current pace, the fourth-quarter inflow of funds could lead to over 100,000 BTC being taken out of circulation."

However, Bitcoin's momentum will depend on several key events next week, including the upcoming speech by Federal Reserve Chair Jerome Powell and the release of the Federal Open Market Committee (FOMC) meeting minutes. Investors are also awaiting the delayed release of the U.S. jobs report, but its release date depends on the duration of the current U.S. government shutdown, marking the first occurrence of such a situation since 2018.