As per DL News, Bitcoin surged above $93,000 on Wednesday after Vanguard, the second-largest asset manager, began offering regulated crypto ETFs to its brokerage clients. The move coincided with growing expectations of a Federal Reserve rate cut, with the CME FedWatch tool showing an 87% chance of a 0.25% cut. Coinbase’s Singapore director Hassan Ahmed noted that a potential rate cut could boost risk-on sentiment and crypto demand. In the past 24 hours, $419 million in short positions were liquidated, while Bitcoin ETFs recorded $59 million in inflows, extending a five-day streak of net investment.
Vanguard Embraces Crypto ETFs, Bitcoin Surges to $93,000 Amid Rate Cut Expectations
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