Cryptocurrency ETFs are all rising. As of the time of writing, CSOP Bitcoin (03439) rose 5.60%, at HKD 7.725; Bosera Bitcoin (03008) rose 5.43%, at HKD 48.12; Huaxia Bitcoin (03042) rose 5.21%, at HKD 7.67; Huaxia Ethereum (03046) rose 3.76%, at HKD 5.80.
According to the Futu Securities app, cryptocurrency ETFs are all rising. As of the time of writing, CSOP Bitcoin (03439) rose 5.60%, at HKD 7.725; Bosera Bitcoin (03008) rose 5.43%, at HKD 48.12; Huaxia Bitcoin (03042) rose 5.21%, at HKD 7.67; Huaxia Ethereum (03046) rose 3.76%, at HKD 5.80.
On the news front, Bitcoin rose more than 3% in early trading on September 19, surpassing $62,000. Ether broke through $2,400 per coin for the first time since September 15. With market expectations of the Fed lowering interest rates to stimulate speculative asset demand, Bitcoin has experienced its largest increase in over a month.
Previously, it was widely believed that there was a high probability of the Fed announcing a rate cut on Wednesday, with a 55% chance of a 50 basis point cut. At the same time, traders have almost fully priced in the expectation of a 25 basis point rate cut by the Fed, further boosting market optimism. The recent trend of Bitcoin indicates that despite changes in global financial policy sometimes affecting market sentiment, cryptocurrencies are still the focus of investor attention under rate cut expectations. Future trends will depend on the Fed's final decision and further market reactions.