Spot ETFs are the talk of the town. The SEC decision on Bitcoin ETFs on January 10 sent ripples of anticipation across the crypto landscape, leaving skeptics grinding their teeth. Bitcoin’s emergence into traditional finance has now paved the way for a rivalry many think impossible or are pessimistic about: gold vs. Bitcoin.
After successfully flipping silver to become the second-largest ETF commodity, has gold finally found a worthy challenger in Bitcoin, the digital gold? Only time will tell, but as it stands, the rivalry promises to be exciting. Grab your popcorn and enjoy the financial thriller.
Meanwhile, InQubeta (QUBE), an AI-focused altcoin, has been stirring up quite a buzz in the ICO space and the broader crypto landscape. After blasting through $8.5 million in presale, its sight is set on $10 million next, making it one of the altcoins to watch.
InQubeta (QUBE): A Unique AI Altcoin
InQubeta (QUBE) has emerged as a popular choice among investors seeking staggering gains. It is one of the new ICOs, perhaps the most promising if we are to consider its remarkable fundraising success and innovative concept as an AI altcoin. Hence, it comes as no surprise that the presale has been selling out fast.
Its appeal lies in its novelty as an AI crypto and the critical problem it aims to solve. It has been hailed for its forward-thinking approach as it seeks to solve pressing challenges within the fast-rising AI sector. Its crowdfunding platform will allow tech startups to raise funds through cryptocurrency.
In addition to this, its NFT marketplace will be a game-changer. To raise funds, startups will mint investment opportunities, represented as equity-based NFTs, on the marketplace. Further, these NFTs will be divided into bits, thereby allowing investors to become early backers irrespective of their income. In essence, the marketplace will be mutually beneficial for AI developers and investors.
In the seventh stage of the presale, a token costs only $0.0224 and has been hailed as the best new crypto to invest in. According to analysts, it will soar past 5,000% after its launch, and you can become an early adopter by following the link below.
Bitcoin ETF vs. Gold: A New Rivalry
Investing in BTC ETFs in the US was an elusive dream until January 10, 2024. After a decade-long wait since the first application, the SEC eventually gave in, approving 11 spot Bitcoin ETF applications at once. This historic development will be remembered for years to come as it begins Bitcoin’s journey into the mainstream as well as the entire crypto industry.
Spot Bitcoin ETF trading began on January 11—a day after the product’s approval. On the first day of trading, the volume soared past $4.5 billion, sending Bitcoin on a joyride past $48,000. The ETF impact on crypto prices was notable from the first day of trading, with BTC soaring and altcoins following closely behind.
Further, after the first week of trading, Bitcoin flipped silver to become the second-largest ETF commodity. Given the novelty of the crypto market—15 years old—this is a remarkable feat. Now, we have a new and exciting rivalry between gold—a traditional store of value—and Bitcoin—the digital gold.
Emerging as a new challenge to gold ETFs, Bitcoin is one to watch out for. Besides its novelty—people are always drawn to shinier things—BTC also has several advantages. For starters, it has a limited supply (capped at 21 million), and the rate at which new supply is introduced is lower compared to gold.
Will Bitcoin ETFs outperform or surpass gold ETFs in the future? Only time will tell, but one thing is certain: the future couldn’t be more exciting, with the whole world watching, popcorn in hand.
Conclusion
The Bitcoin ETF is now the closest rival to the gold ETF after becoming the second-largest ETF commodity. The competition between the two asset classes promises to be interesting. Meanwhile, InQubeta has emerged as the best new cryptocurrency to invest in. To become an early holder, click the link below.
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