Even though BTC's price wasn’t very impressive on Monday, the sentiment around ETFs buying Bitcoin improved slightly—but only to a very limited extent. U.S. investors had a net inflow of just over 2,000 BTC, which doesn’t count as a buying frenzy. Among them, Fidelity investors purchased over four figures, followed by BlackRock, ARK, and Bitwise with over three figures. Other institutions are negligible. Looking at the current situation, the market’s main focus is still on the September rate cut. The tariff issue is relatively fine for now, as there’s still a month to go. However, the rate cut debate is much trickier. Even if there’s a rate cut, we still need to consider whether it’s due to economic downturns or a defensive move. It all depends on how the market interprets it. At the moment, ETF investors haven’t shown a clear preference for any direction. This post is sponsored by Bitget ｜ @Bitget_zh