Following the SEC decision on Bitcoin ETFs earlier in January, the market has been seeing massive inflows. On February 7, Bitcoin spot ETFs recorded a staggering $146 million in net inflows—a nine-day streak—according to data from SoSoValue.
With investor sentiment post BTC ETF on the rise, Solana (SOL) and InQubeta (QUBE) have emerged as top picks among whales. Their unique concepts and whopping upward potential position them as the best coins to invest in.
InQubeta (QUBE): An Exciting AI Altcoin
InQubeta (QUBE) is a favorite among whales for a good number of reasons. For starters, it has been hailed as the best ICO, recently blasting through $9.2 million in early funding and soaring past most of the new ICOs. More importantly, it boasts a unique concept—a blend of AI and crypto—and remarkable growth potential.
It stands at the intersection of AI and blockchain, which happen to be the world’s most disruptive innovations. This makes it one of the most bullish narratives, positioning it as one of the best cryptos to buy now. As an AI altcoin, it aims to solve the most pressing issues in the burgeoning AI market, with a focus on fundraising and accessibility.
AI tech startups can source funds by minting investment opportunities on the NFT marketplace. This will be represented as equity-based NFTs—tokenized real-world AI investments—and offered to investors on the marketplace. Further, by employing a fractional investment model, investors can hold stakes in AI ventures regardless of their budgets.
In the seventh stage of the presale, a token costs only $0.0224. With experts bullish, it is tipped for a 70x rally post-launch—the best new crypto to invest in. If you wish to become an early QUBE adopter or holder, click the link below.
Bitcoin (BTC): Spot BTC ETF Attracts $146 Million in Net Inflow
Thanks to the SEC giving the green light for spot Bitcoin ETFs, investing in BTC ETFs in the US is now a reality after a decade-long wait. As the new investment vehicle on Wall Street, Bitcoin (BTC) has been stirring up quite a buzz, with competition heating up among asset managers offering spot Bitcoin ETFs, notably Fidelity, Grayscale, and BlackRock.
The spot Bitcoin ETF market, although it started somewhat uncertainly, falling below expectations, has been gaining steam. According to data from the financial analytics firm SoSoValue, Bitcoin spot exchange-traded funds (ETFs) recorded an impressive $146 million in net inflows on February 7.
Unfortunately, Grayscale’s GBTC outflow continues. On the same day, it experienced a net outflow of $80.78 million. Nevertheless, this was offset by the nine remaining ETFs, boasting a collective net inflow of $226 million. Fidelity accounted for an impressive $130 million of inflow, signifying its increasing popularity among investors seeking exposure to Bitcoin through ETFs.
Solana (SOL): Whale Favorite
Solana (SOL) continues to show its market dominance, riding the market’s bullish wave. It is preparing for another bull run in 2024, which is shaping up to dwarf its impressive performance last year. As a result, it is positioned as one of the altcoins to watch.
Its remarkable market movement has caught the attention of whales, who are hoping to position themselves for significant gains. Solana’s massive growth potential makes it one of the most compelling investments—a must-have token.
To avoid FOMO (fear of missing out), you should add Solana to your portfolio ahead of its big green candles. Grab a bag and HODL.
Conclusion
Bitcoin spot ETFs attracted $146 million in inflow on February 6, showing incredible growth. At the same time, Solana and InQubeta have shown remarkable performance, capturing whales’ attention. Set to skyrocket, these are the best cryptos to invest in.