- Net inflows into spot Bitcoin ETFs after the first 21 days of trading are nearly $2.8 billion.
- Solana is expected to create a new ATH before the end of 2024.
- NuggetRush is a novel P2E memecoin preparing to skyrocket after its launch, with analysts predicting a 65x upswing.
It has been a month since the SEC gave its green light to spot Bitcoin ETFs—a month of massive inflows. Yet, this landmark event continues to create a buzz in the crypto landscape, outshining the recent DYM and JUP airdrops—the biggest in 2024.
According to a report by Bloomberg, since its debut on January 11—specifically after 21 trading days—spot Bitcoin funds have received net inflows of nearly $2.8 billion. The report added that the ETF launch is now deemed “successful,” having surpassed multiple records.
At the same time, institutional demand for Solana (SOL) and NuggetRush (NUGX) soars. These top altcoins have been riding the excitement wave in the crypto space, and coupled with their unique concepts, they are primed to explode.
NuggetRush (NUGX): Growing Investor Demand
NuggetRush (NUGX) is one of the new and shiny cryptocurrencies on the market. It also boasts a unique concept and staggering upside potential as a top ICO. In the fifth round of the presale, a token costs only $0.018, and analysts tip it for a remarkable 65x rally post-launch.
Given the above, NuggetRush has been hailed as the best new crypto to invest in. However, besides its astounding growth potential, it has so much more to offer. As a blend of play-to-earn (P2E), memes, NFT, and GameFi, it has been seeing growing interest among both retail and institutional investors.
The upcoming game will feature a unique gold-mining gameplay experience, expected to create a stir in the gaming world. Besides its use as the in-game currency within the gaming platform, NUGX will also function as the governance token, among other use cases. Primed for adoption and massive growth, you can participate in the ICO via the link below.
Bitcoin (BTC): Bitcoin ETFs See Nearly $2.8 Billion in Net Inflows After Day 21
Bitcoin (BTC) is the new investment vehicle on Wall Street. The SEC green light to spot Bitcoin ETFs allows everyday investors and institutions to gain exposure to Bitcoin without going through the hassle of buying or storing the digital asset.
Following the launch of the market on January 11—after the approval a day before—it has now been termed a success in various quarters. According to a recent report by Bloomberg, which has been stirring up quite a buzz, Bitcoin ETFs have seen massive inflows since their debut.
After 21 days of trading, the funds have received net inflows of nearly $2.8 billion, according to Bloomberg. This takes into account the massive $6.4 billion that investors withdrew from the Grayscale Bitcoin Trust (GBTC) after it was changed into a spot Bitcoin ETF. Leading the market among the newly launched ETFs are BlackRock and Fidelity, which have seen incredible success.
Solana (SOL): A Top Altcoin
Solana (SOL) is among the top altcoins on the market. It continues its impressive performance from the previous year, with many betting on it to perform even better in 2024. Given its significant upside potential and the critical role it plays, it is among the best cryptos to buy now.
While it currently trades around $100, analysts predict a massive bull run before the year comes to an end. According to forecasts, Solana will create a new all-time high (ATH) before the end of 2024.
If you don’t wish to FOMO (fear of missing out) later on, this might serve as a reminder to double down on Solana. Simply add some of the tokens to your crypto portfolio and HODL in anticipation of its explosive growth.
Conclusion
The newly launched spot Bitcoin ETF market has been a success, with massive $2.8 billion net inflows recorded in the first 21 days of trading. At the same time, Solana and NuggetRush are experiencing growing demand, making them poised for explosive growth. To participate in the ongoing NUGX ICO, click the link below.
