Friday, 12 April 2024

Crypto News

Record-breaking month for Bitcoin ETFs in market debut; rising memecoin could outshine Cardano

Record-breaking month for Bitcoin ETFs in market debut; rising memecoin could outshine Cardano

The cryptocurrency market is witnessing unprecedented growth, with Bitcoin ETFs making a historic debut and the emergence of promising altcoins like Rebel Satoshi ($RBLZ). 

This article explores the record-breaking month for Bitcoin ETFs and analyzes the potential of Rebel Satoshi in comparison to established players like Cardano.

Bitcoin ETFs surge after market debut

In recent months, the cryptocurrency market has experienced significant milestones, with the launch of Bitcoin exchange-traded funds (ETFs) marking a historic moment. The process of bringing spot Bitcoin ETFs to the US market took over a decade, but finally, on January 11, 10 such products began trading. 

The market response has been overwhelming, with these ETFs accumulating an average of $125 million worth of Bitcoin daily over the past four weeks. Despite heavy outflows from the Grayscale Bitcoin Trust (GBTC), Bitcoin ETFs ex-GBTC have amassed over $11 billion worth of Bitcoin in just one month.

The success of Bitcoin ETFs has exceeded expectations, with BlackRock’s IBIT, Fidelity’s FBTC, and Ark 21’s ARKB leading the pack. These ETFs have collectively amassed billions of dollars in assets under management (AUM), with IBIT nearing $5 billion and FBTC nearly $4 billion in AUM. BlackRock’s IBIT has even secured a position in the top five ETFs based on 2024 inflows, rubbing elbows with industry giants like iShares Core S&P 500 ETF and Vanguard S&P 500 ETF.

Rebel Satoshi ($RBLZ) vs. Cardano: analysts’ perspective

While the spotlight shines on Bitcoin ETFs, analysts are closely watching the rise of Rebel Satoshi ($RBLZ) as it aims to outshine established altcoins like Cardano. 

Analysts predict a bullish trajectory for Rebel Satoshi, citing its innovative approach and strong community support. Compared to Cardano, Rebel Satoshi offers unique features and potential for exponential growth in the cryptocurrency market.

Amidst the dominance of Bitcoin ETFs, Rebel Satoshi ($RBLZ) emerges as a promising contender in the cryptocurrency market. With its presale selling over 123 million RBLZ and raising $1.8 million, Rebel Satoshi is gaining momentum as the next big player. Built on the Ethereum network, Rebel Satoshi offers a secure investment opportunity audited by top auditing firm Source Hat.

The Rebel Satoshi presale nearing $2 million in funds raised. With previous…

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