The adoption of ETFs has been growing steadily since their approval by the SEC in mid-January. A recent report shows that the nine ETFs have combined for a trading volume of over $2 billion – the highest recorded trading volume.
These $BTC ETFs are also registering record highs in fund inflows. Another altcoin that has recorded impressive inflows in this time frame is Galaxy Fox ($GFOX). This new ICO crypto has run through its first seven presale stages and will be completing its eighth in the next few days.
Nine Bitcoin ($BTC) ETFs Record $2 Billion in Trading Volumes
Every day since its approval on January 11, Bitcoin ETFs have achieved new heights. Eric Balchunas, senior ETF strategist at Bloomberg, recently revealed that spot Bitcoin ETFs have crossed an aggregate trade volume of $2 billion.
Balchunas also claimed that Bitcoin ETFs rank in the top 10 ETFs and top 20 stocks in terms of trading activity, with its $2 billion in trading volumes. This demonstrates the growing popularity of $BTC and its undisputed status as the top cryptocurrency to buy.
Santiment has provided more support for this claim, stating that the ten ETFs began the week with a $135 million net inflow. The $137 million that GBTC continues to lose was eclipsed by the increasing inflows into the other nine ETFs
Bitcoin has reacted positively to the growing sentiment among institutional investors. On the monthly chart, $BTC has increased by an impressive 27% and has been among the best cryptos to buy. With the halving event happening soon, $BTC could extend its gains above $52,000.
Galaxy Fox ($GFOX) Surges in Presale, Stage 8 Nearly Sold Out
Like Bitcoin, Galaxy Fox ($GFOX) is a new ICO crypto that has been hitting impressive milestones in its presale stages. Selling out its first seven stages in record time, Galaxy Fox entered its eighth stage as one of the best ICOs of 2024.
Buyers have snapped up over 2.7 billion $GFOX tokens, making the eighth stage almost 93% completed. This means that there are just two stages left, and Galaxy Fox has been able to make the top ICO list for doing things differently in the gaming space.
This upcoming play-to-earn (P2E) game has infused the meme coin culture into its ecosystem to make for a more exciting and immersive experience. This also means its ERC20 coin, $GFOX, effectively becomes a dual-utility token.
In addition to the P2E game, the Galaxy Fox ecosystem also features some of the coolest NFTs, a marketplace, a merchandise store, a staking pool, and a treasury. These features give Galaxy Fox the edge over other meme coins like $DOGE, $PEPE, and $BONK.
After increasing 230% in price throughout the first seven stages of its ICO, $GFOX has already shown early success. With only $0.002178 per coin, $GFOX is now the best cheap crypto to buy. With increases of up to 50x predicted by experts in the field, now is the best time to join Galaxy Fox.
Final Thoughts
All things considered, the news of the new ICO crypto, Galaxy Fox, nearly selling off its stage 8, and the increasing transaction volume of Bitcoin ETFs both demonstrate the increasing enthusiasm in the cryptocurrency market.
While the success of Galaxy Fox is a testament to its ability to innovate and build a strong community, Bitcoin’s growing popularity is a reflection of its growing significance in the world of traditional finance.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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