US bitcoin ETFs haul in $731 million as rate cut hopes heat up

Wall Street just flooded bitcoin ETFs with their biggest single-day haul since January's launch frenzy. Investors poured $731 million into these funds on Thursday, signaling a massive return of appetite for risk. The catalyst wasn't a technical breakout, but a shift in tone from the Federal Reserve. Governor Christopher Waller’s recent dovish remarks sparked the fire, leading traders to bet that interest rate cuts are finally back on the table. When the Fed hints at loosening the belt, capital typically flows straight into high-upside assets like crypto. BlackRock’s IBIT led the pack as usual, absorbing a significant chunk of the day’s liquidity. This surge breaks a month of stagnant sideways trading and puts the spotlight back on institutional demand. If this momentum holds through the weekend, we'll see if the $70,000 resistance level stands a chance. Will this inflow remain a one-day spike or is the secondary bull run officially here?