Santa did extend his stay and gift-sharing to January. There is no other way—although maybe not entirely—to explain the SEC decision on Bitcoin ETFs on Wednesday, January 10. After a decade-long wait, the US SEC finally gave the green light for 11 spot Bitcoin ETFs, sending ripples of excitement around the world.
In less than a month, spot Bitcoin ETFs in the US now hold a significant 3.3% of the total Bitcoin supply as of January 31st. With institutional interest in BTC growing at a rapid pace, many can’t help but stay bullish but it is advisable to be mindful of overly long positions.
At the same time, following the rise in investor sentiment post BTC ETF, traders have shifted their focus to InQubeta (QUBE), a new AI altcoin. Boasting staggering upside potential, it is positioned among the best cryptos to buy now.
InQubeta (QUBE): Potential 55x Rally Post-Launch
InQubeta (QUBE) continues to capture investors’ interest—justifiably. It has been hailed as one of the most promising new ICOs, meaning it has explosive upside potential. To date, an astounding $8.6 million has been raised in early funding. Given how difficult such a feat is, investors’ confidence in its potential is through the roof.
In the seventh stage of the presale, a token costs just $0.0224. According to forecasts, it is primed for a 55x rally after launch—a promising play not to miss out on. Tipped as the best new crypto to invest in, becoming an early adopter is one of the best ways to position for staggering gains.
While traders can’t help but be enticed by its significant upside potential, another key appeal is its innovative concept and the problem it aims to solve. Positioned at the intersection of AI and blockchain, InQubeta is currently one of the most bullish narratives.
It intends to solve critical problems within the fast-rising AI market, notably fundraising and accessibility. To address these challenges, it will build the first crowdfunding platform that will allow AI startups to raise funds through crypto. By minting investment opportunities, which will be represented as NFTs, capital can be raised.
More importantly, through its fractional investment model, investors can partially invest in AI ventures. There will be no limit on investment, thereby increasing market participation and allowing investors to profit from the burgeoning AI market. Poised for adoption, you can become an early adopter by clicking the link below.
Spot Bitcoin ETFs: Over 3% of Current BTC Supply
Meet Bitcoin (BTC), the new kid on Wall Street. The approval of 11 spot Bitcoin ETFs by the US on January 10, 2024, is one for the books, marking a milestone and a significant stride toward mainstream adoption and acceptance.
The approval of spot Bitcoin ETFs in the US means investing in BTC ETFs is now possible. The coolest part? You can gain exposure without holding the digital asset. This is all institutional players needed, as they joined the fray. BlackRock, Grayscale, and Fidelity are currently leading the Bitcoin ETF market, which flipped silver in the first week of trading to become the second-largest ETF commodity in the US.
Currently, spot Bitcoin ETFs in the US hold a substantial 3.3% of the total Bitcoin supply. This indicates a shift in Bitcoin investment dynamics, with institutions gearing up to play a big role in its future outlook.
Despite the initial excitement after the launch of these ETFs—and Bitcoin soaring past $48,000—the Bitcoin ETF market effects haven’t significantly affected its market value. In fact, after its launch, BTC retested $38,000—a big drop.
Nevertheless, it has regained momentum, and with growing institutional interest in Bitcoin, its growth potential is staggering. Hence, it is one of the best coins to invest in. BTC might be the next big thing in the financial world, so holding some now could be a great move. Don’t be left behind in what promises to be an exciting ride.
Conclusion
Spot Bitcoin ETFs are starting to become the real deal, already capturing over 3% of BTC’s total supply. Meanwhile, InQubeta has emerged as a favorite among traders. On the cusp of skyrocketing, you can ride its massive bullish wave by participating in the presale below.
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