A Bitcoin (BTC) exchange-traded fund (ETF) allows investors to buy into Bitcoin without using cryptocurrency exchanges. The possibilities of ETF approvals have been making rounds in the cryptocurrency market for months, stoking rapid price movements in old and new cryptocurrencies. Based on recent market patterns and public pressure for a Bitcoin ETF approval, it’s safe to say that 2024 could be the year it finally launches.
Since institutional interest in cryptocurrency has tripled recently, cryptocurrency platforms like InQubeta (QUBE) are also positioned to record milestone expansions. InQubeta’s offerings of investment opportunities in the AI sector and an impressive presale event have won over a large investor base. Industry experts have noted that InQubeta’s growth pattern mirrors top DeFi projects and positions it for massive institutional adoption.
Let’s explore the potential for a Bitcoin spot ETF approval and InQubeta’s expected success in 2024.
InQubeta’s (QUBE) Investment Ventures Hint At Meteoric Expansion In 2024
Based on InQubeta’s performance during its ongoing crypto ICO, early investors could become millionaires when the platform launches. InQubeta has delivered 175% returns to investors and offers them long-term benefits from the growth of artificial intelligence. After the platform goes live, QUBE holders can buy some of the best NFTs to invest in. These NFT collections have experienced high anticipation because they represent investment opportunities in AI technologies.
In addition to breaking into the AI sector at an affordable rate, InQubeta offers passive income to investors when they participate in the platform. Users will be able to earn from the 5% pool that is dedicated to QUBE stakers. These future-proof features set InQubeta on a path that will rival top DeFi projects soon, and the presale numbers are proof of InQubeta’s potential.
Massive demand for the QUBE token has earned InQubeta a milestone sale of over 698 million tokens and raised more than $7.8 million. QUBE has surged from $0.007 to $0.01925, representing a gain of 175% for initial buyers, and it’s still going to dish out 60% more by the end of the crypto ICO event. This performance is impressive because InQubeta is still in early development.
According to the project roadmap, the InQubeta team plans to list QUBE on multiple exchanges at $0.0308 and implement cross-chain expansion. Experts have projected that QUBE will record high trading activity throughout the first month of listing. This could push its price from $0.0308 to $0.50, with more than 2,400% profits for investors who buy in at the current discount price.
Bitcoin (BTC) ETF Approval Sparks Bullish Expectations For 2024
Bitcoin was one of the most widely traded cryptocurrencies this year. The token also delivered an impressive comeback, surging to a fresh 18-month high during the recent market run and gaining over 150% for the year. Although bullish momentum from the upcoming Bitcoin halving event plays a big part in this performance, the Bitcoin ETF hype also contributed.
Immediately after huge companies like BlackRock showed interest in the ETF race, investors started buying up BTC in anticipation of its ETF approval. Fortunately for investors and the overall cryptocurrency market, the SEC is set to approve the first spot Bitcoin ETF sometime in the first quarter of 2024. This is exciting news for BTC holders because a Bitcoin ETF approval could usher in a new wave of investors into the cryptocurrency market. As we’ve seen over the years, a bullish run on Bitcoin often bleeds into other altcoins.
Final Thoughts
The market has been teeming with excitement for the potential approval of a Bitcoin ETF. This has triggered a massive influx of investors into the crypto market, especially institutional investors. This new investment base is slowly bleeding into other cryptos, and InQubeta could be the next token to enjoy it because of its potential to become the next big thing in crypto and AI. Investing in artificial intelligence is infamous for being a challenging sector to break into. But InQubeta has changed the optics, offering life-changing returns for purchasing the best NFTs to invest in. The presale also has an ongoing 15% bonus for buyers to take advantage of.