Spot BTC ETF May Reach $3 Billion in Initial Post-Launch Days, Trading Broker Says + More News
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Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.
In this edition:
- Demand for Spot Bitcoin ETF May Reach $3 Billion in Initial Post-Launch Days, Trading Broker Says
- XRP Healthcare and Burnratty Investment Group Reveal Investment Opportunities in African Healthcare Mergers and Acquisitions
- Coins.ph is the First Philippine Exchange to Support BRC-20
- KuCoin Labs Partners with OOFP to Support All Kinds of Assets on Bitcoin
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Demand for Spot Bitcoin ETF May Reach $3 Billion in Initial Post-Launch Days, Trading Broker Says
Trading broker Market Haven’s experts noted that a green light for a Bitcoin (BTC) exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) would pave the way for a surge in crypto adoption, given that it would integrate BTC into conventional, regulated financial avenues.
According to the press release, the crypto landscape will evolve with this new momentum.
A Market Haven spokesperson said that the anticipated launch of a spot Bitcoin ETF stands as a notable moment for the industry, adding:
“It is expected to generate a staggering demand, potentially reaching up to $3 billion in the initial days.”
This would be a breakthrough move that would usher in “a new epoch for traders to dive into crypto waters,” they added.
The spokesperson continued. “The SEC’s approval of Bitcoin ETFs is not just a milestone, it is a catalyst that is set to electrify the entire crypto market. This fundamental decision marks a paradigm shift, signaling a wave of institutional investment and legitimizing cryptocurrencies in the mainstream financial arena.”
XRP Healthcare and Burnratty Investment Group Reveal Investment Opportunities in African Healthcare Mergers and Acquisitions
, a Pharma and Healthcare platform on the XRP Ledger, and The Burnratty Investment Group announced the launch of investment tickets for their Private Healthcare mergers and acquisitions venture in Africa.
The announcement stated that this investment opportunity offers a chance for individuals and institutions to actively participate in the growth and transformation of the healthcare sector on this continent.
With an investment range starting at $300,000 and reaching up to a maximum of $3,000,000, “this venture provides a rare opportunity for investors to contribute to the expansion and enhancement of private healthcare establishments, including clinics, pharmacies, and hospitals in Africa.”
The investment process is designed to be flexible, accepting contributions in fiat, USDT, or XRP, it added.
The raised funds will enable the acquisition and consolidation of private healthcare establishments. These entities will operate synergistically under one roof, benefitting from improved systems, access to top-tier medical professionals, and enhanced medical provisions.
The Burnratty Investment Group is focused on the consolidation of the fragmented Ugandan healthcare sector through the acquisition of small and medium-sized stable and profitable businesses.
At the core of this venture is XRP Healthcare’s blockchain technology. The native token XRPH, paired with(USDT, will play a central role in facilitating seamless and efficient transactions within the ecosystem, the companies said.
Coins.ph is the First Philippine Exchange to Support BRC-20
Coins.ph
became the first Philippine crypto exchange to bring BRC-20 token services to the local market, a move that aligns with the company’s vision to provide Filipinos with greater access to digital asset services, the press release said.
“This move signifies that Coins.ph is committed to being at the forefront of digital asset innovation,” said CEO Wei Zhou. “BRC-20 has seen significant growth in activity since it launched earlier this year. We want to allow our users to participate in these opportunities whether it be through tokens like ORDI which we recently listed, or other product offerings enabled by BRC-20.”
In addition to listing ORDI, Coins.ph is looking at expanding the range of BRC-20 tokens available on its platform as these have significant traction in the market due to their unique features and innovative use cases, it argued.
The exchange also has plans to further bolster its BRC-20 offerings and be the leading provider of BRC-20 services in the Philippines, the announcement stated.
KuCoin Labs Partners with OOFP to Support All Kinds of Assets on Bitcoin
, the corporate VC arm of the KuCoin ecosystem, has joined forces with OOFP, a project within the Bitcoin ecosystem that provides value-added services for assets like inscriptions, runes, and non-fungible tokens (NFTs).
Per the press release, OOFP combines a vault pool for mining with strategies like holding, staking, and decentralized finance (DeFi) to enhance asset appreciation and growth. It “aims to create a vibrant ecosystem where participants can benefit from the increased value of their assets,” it said.
By offering value-added services and opportunities for asset appreciation, OOFP aims to attract and engage participants, contributing to the overall development and success of the Bitcoin ecosystem.
The collaboration with KuCoin Labs will enable OOFP to expand ecosystem partnership with all Bitcoin assets like BIIS, DOVI.
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