As the weather began to cool with the onset of fall, crypto markets began to heat up again in September, showcasing strong performances and significant capital inflows. Here are some highlights from our latest Monthly Market Update:
▪ Bitcoin’s Recovery: Closing the month at $65,000, Bitcoin showed resilience, especially post-Federal Reserve’s decision to cut rates by 50 bps.
▪ Global Rate Cuts: With 21 central banks reducing rates in September, a surge in liquidity has shown a strong correlation with Bitcoin’s price, suggesting bullish trends ahead.
▪ Regulatory Wins: The SEC’s accelerated approval for trading options on BlackRock’s spot bitcoin ETF marks a pivotal moment, potentially increasing liquidity and opening new channels for investors.
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Marketing @ VettaFi / Fmr J.P. Morgan Asset Mgmt - ETFs
3moThis was such a cool idea! Had way too much fun taking 360 videos with Alberto Munoz, Valerie Caro and Allison Kurlak 😂 Thank you for your partnership Galaxy and Invesco US!