Following the landmark approval of Spot Bitcoin ETFs by the US SEC on January 10, its trading volume surpassed $4.5 billion on its first day. ETF trading began on January 11th, hitting $1.74 billion in the first hour. While Bitcoin has been on the rose following the surge in its ETF trading, it soon dropped back again. Solana (SOL) has also been gaining momentum, making it one of the altcoins to watch. Meanwhile, InQubeta (QUBE), one of the most promising new ICOs, is nearing $10 million in presale.
InQubeta (QUBE): Nearing $10 Million in Presales
InQubeta (QUBE) has emerged as one of the most promising narratives at the moment. In its early funding, a whopping $8.2 million has been raised, suggesting growing popularity and trust in its potential and promise.
It stands out for its convergence of AI and crypto and the key issues it aims to solve. The AI sector, although one of the fastest-rising, has been struggling with some critical challenges, with InQubeta aiming to solve the most pressing. Its Web3 crowdfunding platform will enable tech startups to raise capital through cryptocurrency (the QUBE token). This seamless fundraising exercise requires startups to mint investment opportunities, which will be represented as equity-based NFTs and offered to investors.
Further, its NFT marketplace will address the challenges involving accessibility to the AI market. Democratized access will be offered, allowing investors to become early backers of promising AI ventures regardless of their income or investment.
At the time of writing, the ICO is in its seventh stage, and a token costs only $0.0224. According to experts’ forecasts, there will be a 65x rally after its launch, positioning it as the best new crypto to invest in.
Spot Bitcoin ETFs Trading Volume: $4.5 Billion on the First Day of Trading
The US SEC finally gave its green light to Spot Bitcoin ETFs on January 10th, and trading officially began the following day. The 11 asset firms, including BlackRock, Grayscale, Bitwise, and others, started Bitcoin ETF trading on January 11th. The trading volume on the first day surpassed expectations.
Spot Bitcoin ETF trading volume surpassed $4.5 billion on its first day, soaring past $1.74 billion in just the first hour. This development has resulted in Bitcoin’s rally, which galloped past $48,000 shortly after markets opened up.
Although Bitcoin has declined since then, its trajectory is bullish. Moreover, as the next halving creeps closer, Bitcoin is positioned as one of the best coins to invest in.
Solana (SOL): Momentum Rises
Solana (SOL) is one of the altcoins that has been able to sustain market excitement. After a slight dip in its price, it has been gaining momentum, with eyes still on the Solana ecosystem. Its explosive growth last year continues to excite investors, with experts predicting staggering growth under a more enabling environment, which will be the bull market this year.
Given the above, Solana is among the best cryptos to buy now. Its growth will be fueled by institutional adoption and the rising demand for its DeFi solution. Hence, to avoid experiencing the fear of missing out (FOMO) later on, we suggest accumulating SOL tokens and HODL.
Spot Bitcoin ETFs have surpassed expectations, with trading volume on the first day soaring past $4.5 billion. Meanwhile, Solana and InQubeta have emerged as altcoins to watch. The former is seeing rising momentum, while InQubeta is gearing up for a 65x rally after its launch.