BlackRock’s Bitcoin ETF Looks To Overtake Grayscale’s; $MEDA Keeps Raising the Bar for New Meme Coin Launch

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TLDR 

  • BlackRock’s IBIT rapidly closes the gap with Grayscale’s GBTC as the competition intensifies in the Bitcoin ETF battle. 
  • Milei Moneda ($MEDA) gains momentum, setting a high standard for emerging meme coins with its unique features and bullish potential

In recent weeks, the crypto market has seen the battle for dominance in the Bitcoin ETF space heating up as BlackRock’s iShares Bitcoin Trust (IBIT) closes in on Grayscale’s Bitcoin Trust (GBTC) in terms of assets under management (AUM). This move has gained significant attention as observers speculate on who will be the victor. 

Meanwhile, the meme coin market is also witnessing the emergence of a standout contender, Milei Moneda ($MEDA), gaining ground with its unique potential. Let’s dive into the details of these trends! 

Economize Like Milei: Invest in $MEDA!

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BlackRock’s IBIT Races To Catch Grayscale’s GBTC in Bitcoin ETF Battle

During the second week of April, crypto news reports showed that the difference in AUM between IBIT and GBTC shrank from $6 billion to the current $3.8 billion. The gap between the two funds now stands at just under $4 billion, with IBIT holding $18.1 billion and GBTC at $21.9 billion.

This rapid pump has captured the attention of experts and enthusiasts, who previously predicted that IBIT would overtake GBTC by May. However, with the current pace, many expect that this milestone could be achieved even sooner, possibly within this month.

IBIT, which received approval to trade from the U.S. SEC in January 2024, has garnered immense popularity. Backed by BlackRock, the product boasts low fees of 0.12% for the first 12 months and 0.25% thereafter. This affordability has been a compelling feature, pulling investors towards IBIT.

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In contrast, GBTC has faced challenges due to its higher fee structure of 1.5%. Decrypt reports that investors are moving away from GBTC to seek out more cost-effective alternatives. Additionally, GBTC has experienced significant outflows as failed crypto companies exposed to the product seek to recover funds for ex-clients as part of their bankruptcy processes.

With BlackRock’s IBIT gaining momentum and inching closer to surpassing Grayscale’s GBTC in AUM, the competition between the two Bitcoin ETFs is intensifying. Investors are closely watching the battle as they also observe the emergence of Milei Moneda ($MEDA), the new force in the meme coin space. 

Altcoins to Watch Out For – $MEDA Raises the Standard of Top Meme Coins 

Amidst the various new DeFi projects recently launched in 2024, one that has stood out significantly is Milei Moneda ($MEDA). Embodying the spirit of Javier Milei, this meme coin represents a movement aimed at meaningful economic reforms and financial independence. The meme coin’s unique features have captivated the market’s attention since its presale debut. 

Distinguishing itself from other top DeFi coins, Milei Moneda operates with a deflationary token model. The project also offers exclusive NFT offerings, staking rewards, a robust governance structure, and access to the coolest NFTs. These features position $MEDA as a standout player in the crypto space, attracting investors seeking both financial opportunities and a community-driven project.

Currently, in Stage 2 of the presale, $MEDA is selling at $0.0125 per token, representing a 25% increase from its Stage 1 price of $0.010. As the presale progresses to Stage 3, Milei Moneda’s price will increase to $0.015 until it reaches its presale price target of $0.020.

With $MEDA’s upcoming launch on Uniswap in May approaching, market analysts are notably bullish on the meme coin’s future trajectory. With its growing momentum and innovative features, price projections show that $MEDA has the potential for a 100x price increase after it officially starts trading. With its promising outlook, Milei Moneda ($MEDA) has significantly raised the standard for emerging meme coins. 

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!

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