Spot Bitcoin ETFs Top $3 Billion Net Flows, Shattering Gold ETF Launch; Whales Shift Attention to Celestia and NuggetRush
TLDR
- Spot Bitcoin ETFs blast through $3 billion in net flows after 32 days of trading.
- Celestia’s massive growth potential and ongoing price discovery make it a whale favorite.
- NuggetRush nears its launch, with experts predicting a 70x jump.
The buzz around the launch of spot Bitcoin ETFs was worth it, which analysts and financial experts have deemed to be a “success.” It has now surged past the historical performance of the traditional gold ETFs after a month of trading, with net flows blasting through $3 billion. For context, it took Gold ETFs nearly two years to absorb the same capital as Bitcoin ETFs did in the past 32 days, according to Bloomberg ETF analyst Eric Balchunas.
This remarkable milestone includes Grayscale’s massive outflows, which makes it all the more impressive. While gold remains the leading ETF commodity in the US—with Bitcoin trailing behind after flipping silver—its performance is nothing short of incredible.
In other crypto news—also stirring up quite a buzz—whales shift their focus to Celestia (TIA) and NuggetRush (NUGX), two promising altcoins. These cryptocurrencies boast staggering upside potential and stand out for their novelty, making them the best cryptos to invest in today.
NuggetRush (NUGX): Unique Concept and Massive Growth Potential
NuggetRush (NUGX) is an emerging crypto that boasts the potential for explosive growth and astounding gains. As it prepares to launch, it has been hailed as one of the most promising new ICOs. In the fifth round of the ICO, a token is priced at just $0.018, and analysts predict a 70x upswing post-launch—Lambo!
Besides its anticipated upward trajectory after launch, whales are showing a keen interest due to its unique concept. It combines the best of memes, play-to-earn (P2E), and NFTs, making it appealing to investors across the crypto landscape.
The upcoming P2E game appears poised for adoption, as it will feature a novel gold-mining gameplay experience and integrate NFTs. On the cusp of exploding, this is a bullish wave not to miss out on.
Bitcoin (BTC): $3 Billion in Net Flows After a Month of Spot ETF Trading
The US SEC finally gave the green light for spot Bitcoin ETFs after a decade-long wait. Despite several rejections, asset managers remain resilient, with the tides finally shifting in their favor in 2024. On January 10, the SEC approved the spot Bitcoin ETF investment vehicle, and the market launched a day later. After 32 days of trading, it has been deemed a success, outperforming gold ETFs within a similar timeframe.
According to reports, Bitcoin spot ETFs in the US have collectively broken the $3 billion barrier in net flows after roughly one month since the market launched. It outperformed gold ETFs—which launched 20 years ago—after the first month of its trading, with analysts optimistic about its mainstream adoption and acceptance.
What makes this milestone incredible is that it includes Grayscale’s massive outflows, fueled by early and long-term investors cashing out. Excluding Grayscale, inflows are close to $10 billion after just 32 days of trading. To put it into context, it took the Gold ETF nearly two years to achieve $3 billion in net flows.
Celestia (TIA): Price Discovery Journey Continues
Celestia (TIA) is a new investor favorite. The rising interest among whales suggests its massive potential and further upside. This makes it one of the best cryptos to invest in and a bullish wave to take advantage of.
Despite the crypto community buzzing with the huge JUP and DYM airdrops, Celestia has been able to maintain market hype.
This is due to its staggering growth potential as a new crypto—it launched in the final quarter of 2023—and the critical role it plays in the crypto space.
With its journey of price discovery ongoing, Celestia is among the best cryptos to buy now. It created a new all-time high (ATH) earlier this week, with more to come. If you don’t wish to miss out on this massive wave or FOMO later on, HODL (hold on for dear life).
Conclusion
Spot Bitcoin ETFs have been a success, boasting $3 billion in net flows after 32 days of trading. At the same time, whales have been showing keen interest in Celestia and NuggetRush, which can be attributed to their novelty and staggering growth potential. To participate in the NUGX presale and position for massive gains, click the link below.
Visit NuggetRush Presale Website
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