The SEC decision on Bitcoin ETFs on January 10, 2023, continues to create a buzz in the crypto space and wider financial ecosystem. On this day, the SEC finally gave in after a decade-long wait, giving its green light to the approval of spot Bitcoin ETFs and approving all 11 applications. Among them is BlackRock, which now boasts 11,439 BTC.
At the same time, eyes are on Solana (SOL) and InQubeta (QUBE), two promising plays and narratives in the crypto scene. Tipped for significant growth, they are altcoins to watch.
InQubeta (QUBE): Potential 60x Rally After Launch
InQubeta (QUBE) is one of the new ICOs primed for explosive growth. In the seventh stage of the presale, a token costs only $0.0224, and a whopping $8.3 million has been raised in early funding. Analysts are bullish, predicting a 60x surge in its value after its launch, making it the best new crypto to invest in. This explains the frenzy around the ongoing presale, with investors positioning themselves to ride its anticipated bullish wave.
Positioned at the intersection of AI and blockchain, its unique offering involves transforming the fast-rising AI market. Its crypto-based crowdfunding platform will be the first in the world to allow AI startups to raise capital by minting investment opportunities. These will be tokenized as equity-based NFTs and offered to investors on the NFT marketplace.
BlackRock: 11,439 BTC Owned
Investing in Bitcoin ETFs has emerged as the new trend, following the massive demand after the launch of the investment product. It soared past $4.5 billion on the first day, demonstrating confidence in Bitcoin’s potential. One of the many benefits of Bitcoin ETFs is that investors don’t need to own the underlying assets before gaining direct exposure.
BlackRock, the largest asset manager in the world with trillions of dollars in assets under management (AUM), is one of the new offerers of Bitcoin ETFs. At the moment, it has the second-largest reserve among the funds approved by the SEC, with 11,439 BTC, behind Grayscale. With the Bitcoin ETF market expected to rise in the future, BTC is positioned as one of the best coins to invest in.
Solana (SOL): Aiming for Significant Growth
Solana (SOL) has been gaining strong attention of late, with liquidity set to flow into the ecosystem once again. It had a year to be remembered in 2023 after it soared from $10 at the start of the year to ending it at over $100. With 2024 shaping up to be more promising, Solana has emerged as one of the cryptocurrencies to watch.
According to experts, we might see Solana surpass its all-time high of $260 before the end of the year. Given its massive upside potential, it represents a promising play and one of the best cryptos to buy now. Hence, to position yourself for massive gains this year, SOL is one of the altcoins to have on your radar. Just grab a bag and HODL in anticipation of its bullish wave.
BlackRock, the world’s largest asset manager, owns a staggering 11,439 BTC. Meanwhile, Solana and InQubeta have been creating quite a buzz as they appear poised for significant growth. This makes them altcoins to watch, and you can participate in the InQubeta presale by following the link below.