I doubt local ETFs have any major effects on bitcoin price, specially nowadays where a lot of more important news are out there that are making investors more "cautious". From inflation and recession all the way to the fresh tensions that are increasing in Europe these days (every day I read their airports shutting down due to invaded airspace! and they deploy military aircrafts to the scene. NATO is also moving from proxy war with Russia to direct war with Russia these days). Some silly rate cuts seem like nothing in comparison!