Bitcoin and Ethereum ETFs are thriving, with U.S. spot Bitcoin ETFs holding $151.72 billion in net assets and Ethereum ETFs with $29.72 billion. The U.S. Federal Reserve is expected to announce a rate cut on Sept. 17, leading to a surge of $619.73 million into these ETFs.

Ethereum ETFs are gaining momentum after recording $359.73 million in daily net inflows, totaling over $1.09 billion. Despite a historical $5.43 billion pull in July, Ethereum funds managed $3.87 billion in net inflows for August, showing renewed interest.

Bitcoin ETFs garnered $260.02 million in daily net inflows on Sept. 15, totaling more than $2.6 billion over five days. Despite conceding ground to ETH funds in July and seeing outflows in August, Bitcoin funds remain strong with $6.02 billion in net inflows.

Markets are rallying in anticipation of the U.S. Federal Reserve’s rate cut announcement, with crypto markets showing steady growth. The crypto market cap is up by half a percentage at $4.01 trillion in the last 30 days, with Bitcoin trading at $115,405 and Ethereum at $4,501.

Read more at Yahoo Finance.: Bitcoin, Ethereum ETFs Pull Over $600M Ahead of Fed Rate Cut