PANews reported on October 10th that, according to SoSoValue, Bitcoin spot ETFs saw a net inflow of $198 million on October 9th, Eastern Time, marking the ninth consecutive day of net inflows. BlackRock's IBIT ETF saw a net inflow of $255 million, bringing its total net inflow to $65.19 billion; while the Bitwise BITB ETF saw a net inflow of $6.58 million, bringing its total net inflow to $2.52 billion. As of press time, the total net asset value of Bitcoin spot ETFs stood at $164.79 billion, representing 6.83% of Bitcoin's total market capitalization, with cumulative net inflows reaching $62.77 billion.PANews reported on October 10th that, according to SoSoValue, Bitcoin spot ETFs saw a net inflow of $198 million on October 9th, Eastern Time, marking the ninth consecutive day of net inflows. BlackRock's IBIT ETF saw a net inflow of $255 million, bringing its total net inflow to $65.19 billion; while the Bitwise BITB ETF saw a net inflow of $6.58 million, bringing its total net inflow to $2.52 billion. As of press time, the total net asset value of Bitcoin spot ETFs stood at $164.79 billion, representing 6.83% of Bitcoin's total market capitalization, with cumulative net inflows reaching $62.77 billion.

                                                                               Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus.                     US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more