Bitcoin ETF Rush Could Pull Over 100,000 BTC From Circulation as Powell Speech and FOMC Minutes Loom

COINOTAG News on October 4 quoted Nexo analyst Iliya Kalchev saying mounting expectations for an additional U.S. interest rate cut have prompted a discernible shift in market sentiment, drawing renewed institutional appetite for a Bitcoin ETF as investors reposition risk exposure.

Kalchev estimated that current inflow dynamics could result in fourth-quarter capital movements removing in excess of 100,000 BTC from circulation, a projection framed as contingent on sustained demand rather than an assured outcome.

Market momentum will hinge on near-term catalysts including Federal Reserve Chair Jerome Powell‘s speech, the release of the FOMC meeting minutes and the timing of the delayed U.S. jobs report, whose publication remains dependent on the duration of the current U.S. government shutdown.