Spot Bitcoin ETF Sees Underwhelming Weekly Inflows; InQubeta’s Promising Outlook Captivates Investors

banner-image

The price of Bitcoin (BTC) has fallen to its lowest level since the SEC decision on Bitcoin ETFs. The investment product was approved on January 10, bringing an end to a decade-long journey. This milestone event represents a significant step toward mainstream adoption and acceptance. However, the underwhelming weekly inflows into spot Bitcoin ETFs have raised concerns, falling short of expectations.

Meanwhile, InQubeta (QUBE), a top ICO, has been stirring up quite a buzz in the crypto space. Its promising outlook—tipped to skyrocket after launch—has captivated investors’ interest, positioning it as one of the best cryptos to buy now.

InQubeta (QUBE): A Potential 6,000% Rally

Given its fascinating blend of AI and crypto, InQubeta (QUBE) is one of the most bullish altcoin plays at the moment. It aims to transform the burgeoning AI market with blockchain technology, making it primed for widespread adoption and explosive growth. This explains the overwhelming participation in its ongoing presale, with a staggering $8.5 million raised so far.

To reshape the AI sector, it will build the first crowdfunding platform for AI tech startups through cryptocurrency. In addition, its NFT marketplace is set to take the crypto world by storm, as it will serve as a hunting ground for emerging and cutting-edge AI ventures. More importantly, it will provide democratized access to the fast-rising AI market, allowing investors to become early backers irrespective of their income.

In the seventh stage of the presale, there is a window of opportunity to become an early adopter. At its current stage, a token costs only $0.0224 and is tipped for a 6,000% rally after launch, positioning it as the best new crypto to invest in. To participate in this promising ICO, click the link below.

Bitcoin (BTC): Weekly Inflows Fail to Meet Expectations

Prior to the approval of spot Bitcoin ETFs by the US SEC, it was the rave of the moment, and BTC duly rode this speculation wave. One of the initial Bitcoin ETF market effects after approval was BTC soaring past $48,000 briefly, although the price has since corrected. With investors “selling the news,” the price of BTC has taken a significant hit, which the underwhelming ETF weekly inflows have been unable to propel.

In the first three days of trading, inflows into nine spot Bitcoin ETFs were $1.9 billion, according to reports. This fell short of expectations from market players, with popular forecasts being $3 billion on the first day alone. So far, BlackRock and Fidelity have been the top gainers, seeing nearly 70% of inflows.

The underwhelming weekly inflows have raised concerns, regardless of the several benefits of Bitcoin ETFs. Nevertheless, the Bitcoin ETF market is still in its early stages, and there have been some encouraging developments so far. Worthy of note is Bitcoin surpassing silver in the first week of trading to become the second-largest ETF commodity. It is now behind only gold and is tipped to become the leading ETF commodity in the future.

Despite the significant drop in the price of BTC, it remains one of the best coins to invest in. “Buy the dip” and HODL will likely be a smart move if you haven’t already added more BTC to your portfolio at its currently discounted price.

Conclusion

Spot Bitcoin ETF’s weekly inflows fall short of expectations, with the price of Bitcoin seeing a significant drop. Meanwhile, InQubeta has emerged as an investor favorite. It is primed for a strong rally—a potential 6,000% surge—and you can participate in the ICO through the link below.

Visit InQubeta Presale 

Join The InQubeta Communities

 

June 23, 2024

ETFSwap (ETFS) Set To Launch Own ETF Following Spot Ethereum ETFs..

June 22, 2024

Top US Rapper 50 Cent has seen a major exploit of..

June 22, 2024

Bitcoin's blockchain bandwidth usage has surged past 90% following the recent..

ads-image ads-image