Tag: Galaxy

  • Immutable and InQubeta altcoins to watch; Invesco and Galaxy slash fee in Spot Bitcoin ETF race

    Immutable and InQubeta altcoins to watch; Invesco and Galaxy slash fee in Spot Bitcoin ETF race

    Following the SEC decision on Bitcoin ETFs and the launch of the market on January 11, the race between asset managers continues to heat up. Invesco, a leading global provider of ETFs, in partnership with Galaxy Asset Management, launched the Invesco Galaxy Bitcoin ETF (BTCO). This move was intended to offer efficient exposure to spot Bitcoin—a different approach to other Bitcoin ETF issuers.

    To capture a greater share of the Bitcoin ETF market and climb up the ladder—currently ranked 6th—Invesco and Galaxy said on Monday that they are cutting the sponsor fee. The fund’s fee will be slashed from 0.39% to 0.25%, putting it on par with most rivals.

    At the same time, altcoins sharing the spotlight are Immutable (IMX) and InQubeta (QUBE). These top altcoins have been stirring up quite a buzz thanks to their staggering upside potential. Poised to skyrocket, these are the best cryptos to buy now and altcoins plays not to miss out on.

    InQubeta (QUBE): aiming for a surge after launch

    InQubeta (QUBE) is one of the new ICOs quickly gaining investors’ confidence. For starters, it is one of the most bullish narratives, standing at the intersection of AI and blockchain. Additionally, other token features like deflationary tokenomics, governance, and staking further make it stand out.

    Given the above, the presale selling outcomes as no surprise. To date, an astounding $8.6 million has been raised in early funding, with the $10 million fundraising milestone eyed next. In the seventh stage of the ICO, a token costs only $0.0224, and analysts tip it for a 6,000% rally after launch.

    Positioned as the best new crypto to invest in, other appeals of InQubeta involve the role it is designed to play. It aims to primarily address the fundraising challenge within the burgeoning AI sector. To this end, it will build the first crowdfunding platform that will allow tech startups to raise funds through crypto on its NFT marketplace.

    Invesco and Galaxy reduce Bitcoin ETF fee

    Spot Bitcoin ETFs continue to be the talk of the financial town—a buzz not likely to recede anytime soon. Investor sentiment post BTC ETF has also been on the rise as the market soars, with asset managers competing to get a significant slice.

    A piece of exciting news that is stirring up quite a buzz is Invesco and Galaxy deciding to cut the sponsor fee on their Bitcoin ETF, BTCO. On Monday, they announced reducing their fund’s fee from 0.39% to 0.25%, which will put BTCO on par with most rivals.

    This move came on the back of the desire to gain a competitive edge. Currently, the spot Bitcoin ETF market is dominated by BlackRock, Grayscale, and Fidelity, with Invesco and Galaxy’s ETF product ranking 6th. Hence, this new rate might see BTCO rank higher, presently boasting about $280 million in trading volume and assets under management (AUM).

    Immutable (IMX): a solid altcoin to watch out for

    Immutable (IMX) is the first layer-2 scaling solution for NFTs on Ethereum. With this, it has been able to carve out a niche and become a pioneer in the dynamic crypto landscape. As a layer-2 scaling solution, it addresses Ethereum’s limitations like illiquidity, low scalability, and poor user experience, among others.

    One of its competitive advantages is its massive scalability and zero gas fees for minting and trading NFTs. Remarkably, it does this without compromising asset or user security. Given this, Immutable is primed for massive adoption and staggering growth.

    In light of the above, it is clear why Immutable is one of the altcoins to watch for significant growth. Hence, if you wish to position yourself for substantial gains, IMX is among the best altcoins to invest in.

    Conclusion

    Invesco and Galaxy have decided to reduce their Bitcoin ETF fee from 0.39% to 0.25% as competition heats up. 

    Meanwhile, aiming to skyrocket are Immutable and InQubeta, making them altcoins to watch and investors’ favourites.

    For more information about the InQubeta presale, visit the InQubeta Presale or join the InQubeta Communities.

    Source link

  • Galaxy Digital CEO predicts Bitcoin ETF approval by January 10 as Everlodge tokenizes real estate

    Galaxy Digital CEO predicts Bitcoin ETF approval by January 10 as Everlodge tokenizes real estate

    • Galaxy Digital CEO predicts Bitcoin ETF approval by Jan 10, citing market dynamics and SEC urgency.
    • Everlodge disrupts real estate with blockchain and fractional ownership.
    • Everlodge’s ELDG token features discounts, rewards, and staking; the Beta presale stage attracts investor attention.

    Galaxy Digital CEO Michael Novogratz’s recent insights into the highly anticipated Bitcoin ETF approval set the stage for a dynamic landscape for Bitcoin (BTC) and the entire crypto market.

    As Bitcoin continues to make waves, Everlodge, a unique property marketplace, enters the fray with an innovative approach to fractional vacation home ownership. This article delves into Novogratz’s predictions, the significance of January 10th, and why the Everlodge presale is capturing attention as a promising investment opportunity.

    Bitcoin ETF approval anticipation 

    Michael Novogratz, the CEO of Galaxy Digital, has sparked excitement in the cryptocurrency community with his bold prediction regarding the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). In a recent CNBC interview, Novogratz pointed out Bitcoin’s remarkable 150% surge over the past year, attributing this bullish trend to the Federal Reserve’s dovish stance.

    The anticipation revolves around the critical date of January 10th, a potential deadline with legal implications. Novogratz confidently stated, “We’re gonna get this ETF before Jan. 10.” He underscored the urgency tied to SEC Chair Gary Gensler and potential legal repercussions involving Grayscale, adding a layer of significance to this anticipated milestone.

    Everlodge: revolutionizing fractional vacation home ownership

    Transitioning from the dynamic Bitcoin landscape, Everlodge emerges as a disruptive force in the real estate market.

    Everlodge positions itself as a property marketplace that allows users to fractionally invest in hotels, vacation homes, and luxury villas, leveraging blockchain technology. What sets Everlodge apart is its integration of fractional vacation home ownership, timeshare, and NFT technology, creating a unique amalgamation of traditional and cutting-edge approaches. It digitizes and fractionalizes real estate, allowing users to invest in smaller amounts while enjoying the potential for value appreciation.

    Everlodge is currently in the presale stage of its native token, EDLG, which has become a focal point for investors seeking diverse investment opportunities. The EDLG presale, currently in its Beta stage, offers a unique chance to get involved in the world’s first property marketplace for fractional vacation home ownership.

    The ELDG token offers holders discounts on property purchases, rewards in the form of free nightly stays, and staking opportunities for fixed monthly interest. The Everlodge ecosystem, comprising a marketplace, launchpad, rewards club, and lending platform, adds layers of utility to the token.

    Conclusion

    Novogratz’s optimism extends to the regulatory front. While acknowledging hurdles posed by certain politicians and corporate leaders, including Elizabeth Warren and the Biden White House, he sees potential progress through a bipartisan group.

    The convergence of Galaxy Digital’s Bitcoin ETF predictions and Everlodge’s groundbreaking approach to property ownership sets the stage for a dynamic period in the financial and real estate markets. Investors and enthusiasts alike are navigating this landscape with cautious optimism, looking towards January 10th and beyond.



    Source link

  • Galaxy Digital CEO says BTC and ETH are best investments

    Galaxy Digital CEO says BTC and ETH are best investments

    • Mike Novogratz is bullish on crypto, particularly the top two coins Bitcoin and Ethereum.
    • The Galaxy Digital CEO says BTC and ETH been best risk-adjusted investments over the last few years.
    • He also suggested during the company’s earnings call that the US risks losing its place as finanial and innovation leader.

    Galaxy Digital CEO Mike Novogratz says crypto is in “a good moment” highlighting the fact that Bitcoin and Ethereum have been the best risk-adjusted investments in the world over the past few years.

    The billionaire investor said this while commenting on the crypto market outlook during Galaxy Digital’s earnings call. He said:

    “I look right now and say, “What’s the good?” Bitcoin is trading over $27,000, Ethereum over $1,700. On a risk-adjusted basis, that’s volatility adjusted, Sharpe ratio adjusted, Bitcoin and Ethereum have been the two best-performing assets in the world this year. They’ve been the two best-performing assets in the world over the last two years. So, whatever Jamie Dimon wants to say, whatever the Biden administration wants to say, they’re just wrong, and the world knows that.”

    Novogratz explains what’s driving crypto

    Bitcoin has tested resistance near $29,000 in 2023, with its current price of $28,650 about 84% higher year-to-date. Ethereum has also traded above $1,800 as investors eye the $2,000 level. According to latest market data, the price of Ethereum is about 61% higher YTD.

    In Novogratz’ opinion, recent price action has the top coins poised for greater gains over the next several months. As highlighted in the earnings call transcript, the Galaxy Digital CEO believes all “the selling that needed done as crypto prices fell was done.

    Retail has also been behind much of the recent price appreciation, the billionaire investor added.

    What’s promising, and what has driven crypto broadly this year, is two things. One, all the selling that needed to get done got done, right? There was so much bad news, if you had to sell, panic selling and just the nervousness of “Oh my God! This thing could go to zero,” and people were in sheer panic, you had seller’s exhaustion. But, you’ve had Asia reopen. China has—you know, post the Xi protests around COVID Zero, China took the regulatory boot of the necks of their tech companies, and that includes crypto, so you’re seeing, with Chinese traveling, you’re seeing more activity from Asia.”

    Bitcoin could be “substantially” higher in a few months

    Novogratz also believes the current wave of adoption across the Middle-East, Hong Kong and Europe is good for the crypto industry, even as the US risks losing its place as a financial market leader. 

    According to him, the Biden administration’s attack on crypto, as evidenced by the series of enforcement actions and charges among other things, is shortsighted.

    As for his outlook for Bitcoin and the broader crypto market, the Galaxy Digital chief noted:

    The market feels strong, and when I look at it technically on charts, we’ve had big weekly closes. I’m surprised to hear myself say this, given where my mindset was in late December, but it would not surprise if we were substantially higher three months, six months, nine months from now.”



    Source link