TLDR
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.
>> Buy NuggetRush Now <<
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
Read more on cryptonews.com