Wednesday, 28 February 2024

Crypto News

Fidelity’s FBTC hits $1B inflows, Pullix PLX presale raises $3,89M

Fidelity's FBTC hits $1B inflows, Pullix PLX presale raises $3,89M

  • Fidelity’s FBTC hits $1B inflows, second to BlackRock’s IBIT.
  • 10 out of the 11 approved ETFs gain $3.4B, Grayscale sees $2.2B outflows.
  • Pullix PLX token presale gains steam as the trade-to-earn token’s value rises from $0.04 to $0.08.

Fidelity’s FBTC spot bitcoin ETF has emerged as the second to surpass $1 billion in inflows, trailing closely behind BlackRock’s IBIT.

Simultaneously, Pullix, a DeFi protocol, stirred excitement with its PLX token presale, showcasing impressive price surges across stages.

Fidelity’s FBTC inflows

Fidelity’s FBTC has rapidly gained traction in the crypto investment space, becoming the second spot Bitcoin ETF to reach $1 billion in inflows after BlackRock’s IBIT.

According to BitMEX Research, the FBTC ETF achieved this milestone within just five days of trading. The surge in inflows underscores the growing interest among institutional and retail investors in gaining exposure to Bitcoin through regulated and mainstream financial instruments.

BitMEX Research data reveals a robust performance of various spot bitcoin ETFs in the market. While Fidelity’s FBTC and BlackRock’s IBIT lead with $1 billion-plus inflows each, other notable players include Bitwise with $395.5 million, Ark Invest/21Shares with $320.9 million, and Invesco with $194.9 million.

The overall positive sentiment is evident as 10 out of 11 ETFs garnered inflows totalling almost $3.4 billion, with Grayscale experiencing $2.2 billion in outflows.

Pullix PLX token presale

Simultaneously, Pullix, a new player in the crypto sphere, has captivated the attention of crypto traders and investors alike with its hybrid trading platform scheduled for launch before the end of January. The platform is currently conducting the presale for its native token, PLX, and the presale has seen remarkable developments, with PLX prices reflecting significant fluctuations across stages.

Pullix’s PLX token, with its innovative “Trade-to-Earn” mechanism, has witnessed substantial interest. As investors eagerly participate in the presale, the token’s value has surged, revealing the market’s confidence in Pullix’s unique approach to decentralized finance (DeFi).

Starting at an initial price of $0.04, the token swiftly progressed through various stages, reaching $0.08 in the current sixth stage.

The presale has so far raised $3,890,284 reflecting…

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