Here’s how US-based Bitcoin and Ethereum investors 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 hikes.

This is a particularly intriguing event for all financial markets, but especially for crypto, given its relatively short history and susceptibility to similar news and developments. As such, it’s interesting to see what US investors have done to prepare, at least when it comes to Bitcoin and Ethereum ETF investments.

Buy Bitcoin

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

Its actions are heavily influenced by market news and the general state of the local economy. For example, they went short-term buying on August 23rd and 26th (Friday and Monday) after Jerome Powell said the US central bank will likely cut interest rates soon.

Although their behavior changed in the coming weeks due to economic uncertainty, they started to accumulate again in the last few days. FarSide data shows that total net inflows into all spot BTC ETFs in the US soared to $186.8 million on Tuesday, which was the last full day of trading before the FOMC meeting.

Previously, the positive numbers 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 built up their BTC ETF portfolios by just over $500 million in the last four trading days.

What about ETH?

Spot Ethereum ETFs have failed to attract serious investor demand and interest, as discussed in the past. The trend hasn’t changed much this week, as total outflows stood at $9.4 million on Monday and $15.1 million yesterday.

This means that even promising news for the riskier assets, such as a possible rate cut by the Fed, could not help Ethereum ETFs in terms of changing the investor outlook.

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