QCP Capital Analysis: Fed rate cut expectations rise to 4 times, SEC delays approval of multiple encryption ETFs

QCP Capital analysis points out that market volatility is on the rise, with the VIX index touching 28 at one point and eventually falling to 26.6. However, the Cboe VIX futures structure has entered a 'Spot premium' mode, which may imply that the market has bottomed out. Meanwhile, tonight's US CPI data may affect the market's adjustment of expectations for a Fed rate cut. Currently, the market expects the number of Fed rate cuts in 2025 to increase to 4 times, far higher than the predicted once in January. In addition, the US SEC has postponed the approval of XRP, SOL, LTC, ADA, and DOGE Spot ETFs to May, while announcing a high-level roundtable meeting on encryption regulation on March 21, which could be a key signal for future regulatory direction.