Alright, here’s a rewritten version of the provided text, aiming for a natural, human-like tone with some added interpretation: Toncoin (TON) Value Forecast for March 26th
**The Fed Holds, Bitcoin ETF Hype Dwindles, and the ETF Scene is Cooling Off**
The Federal Reserve’s choice to maintain current interest rates appears to have dampened investor excitement somewhat. Furthermore, the initial surge of capital into those new U.S. Bitcoin ETFs has undeniably decelerated in recent days.
Examining the figures, on January 29th, the 12 spot Bitcoin ETFs together garnered approximately $92 million. Not a poor showing, yet a clear reduction from the initial excitement. Intriguingly, the majority of that sum originated from Grayscale’s “mini” Bitcoin Trust, which witnessed an influx exceeding $106 million. Fidelity’s FBTC also enjoyed a respectable day, accumulating roughly $18 million.
Nevertheless, BlackRock’s IBIT, which possesses a vast amount of assets (nearly $60 billion!), actually experienced an *outflow* of funds – a $92.09 million withdrawal, terminating its nine-day winning streak. Bitwise’s BITB also encountered a minor outflow. The remaining eight Bitcoin ETFs? Essentially stagnant.
In total, around $3 billion worth of these investment instruments changed hands on January 29th, and their total net assets now hover around $121 billion. That constitutes a little less than 6% of all the Bitcoin in existence.
So, what’s transpiring? Well, the Fed’s decision to maintain interest rates likely contributes. They referenced a “modest increase in inflation” as the rationale, which was largely anticipated.
Despite this, Bitcoin itself actually *appreciated* slightly, increasing over 3% and trading around $105,366 (at the time of this writing).
According to Matt Mena, a crypto strategist at 21Shares, the market isn’t in a state of panic, but everyone is essentially awaiting confirmation that those interest rate reductions are actually forthcoming. In other words, investors are adopting a “wait-and-see” approach.
Financial specialists are presently diverting their consideration regarding the Individual Utilization Use (PCE) report, planned for discharge this Friday. This report is anticipated to be a basic impetus for hazard resources, including Bitcoin.
Until those signs rise, Bitcoin is predicted to combine inside its present range, with $105,000 as a basic breakout point. As per Mena, in the event that Friday’s information is positive for hazard resources, $108,000 will be the following major potential gain target.
