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After the phenomenal success of spot crypto exchange-traded funds (ETFs), crypto asset companies have now set their eyes on Bitcoin (BTC) Options. Bitcoin ETFs debuted in the US markets in January after a long fight for regulatory approvals and have attracted investor inflows worth billions so far.
Eager to capitalize on the excitement around new-age crypto products, Grayscale Investments has applied with the US regulators to allow options trading on its BTC ETF.
Under options, a user can purchase or sell a crypto asset at a stipulated date and price. The development stoked excitement across the crypto community and all eyes are on how the US regulators approach Grayscale Investments’ application.
Another thing that grabbed the community’s attention was InQubeta (QUBE) and its stellar ICO gains. The Ethereum-based crypto project helps innovators find investors, mentors, and marketing support for AI-centric projects.
InQubeta: A guide to success for AI startups
InQubeta equips AI startups with tools to raise finances and ramp up their business. These tools tap into the expertise of innovators, AI veterans, and finance professionals to guide budding companies.
InQubeta provides an easy method for AI startups to raise funds and helps retail investors participate in the upcoming AI revolution.
The platform has created a native cryptocurrency, the QUBE token, which is the official medium exchange for its network. It made it to the best new ICOs of the year after its presale gains hit the roof. So far, it has garnered presale funding of over $10.9 million.
Citing the example of its deflationary nature, experts have lauded its potential for long-term gains. In a deflationary model, the token supply is reduced when the markets are turbulent or inflation is high.
The action minimizes price fluctuations, so the token value stays stable. The two things together help the token trade at competitive prices.
Even if there is an increase in the supply, it’s reversed by burning the excess tokens. The model focuses on creating scarcity to curb frequent price changes and lose investors’ confidence.
QUBE tokens can also be staked to earn a passive source of income. The entire InQubeta ecosystem is governed by a decentralized autonomous organization (DAO) where the token hodlers get the right to decide the future course of action.
BlackRock’s Bitcoin ETF starts trading on a Brazilian exchange
A peer-to-peer digital asset, Bitcoin was the first cryptocurrency to hit the markets. Since then, its native token BTC has been hailed as one of the best crypto assets. Bitcoin adoption and price have touched record highs after the rollout of spot ETFs in the US.
In a related development, BlackRock’s iShares Bitcoin Trust ETF recently announced that it has gone live on B3, a Brazilian stock exchange. According to reports, BlackRock has lowered its management fee to 0.12% for the first year or till funds’ assets cross $5 billion. Post that, it would hike the fee to 0.25%.
As the investor sentiment post-BTC ETF reaches a fever pitch, analysts are excited about what the future holds for the token. Crypto asset companies, meanwhile, are now eyeing new milestones with Grayscale Investments urging the Securities and Exchange Commission (SEC) to greenlight options trading for its ETF.
Grayscale was among the 11 companies whose spot ETFs went live in the US on January 10.
Chain4Energy joins hands with Fetch.AI Foundation
Fetch.ai is a top altcoin where content creators can design and monetize AI services. Its native token FET is used for settling all payments on the network.
The platform has catalyzed the Web 3.0 space with its AI agents which are building blocks for performing specific tasks. These AI agents can be programmed and transform legacy systems without requiring any changes in API integrations.
The platform was recently in the news after Chain4Energy announced that it had joined the Fetch.ai Foundation. With the move, the Layer 1 blockchain aims to leverage AI to optimize its products and use Fetch.ai’s AI agents to explore new avenues.
Conclusion
The rise of Bitcoin, Fetch.ai, and InQubeta has demonstrated the far-reaching impact of blockchain and how amenable it is for integration with technologies like AI.
As the launch of spot ETFs showed, blockchain-based assets can drive financial inclusion in a regulated way. The success of InQubeta and Fetch.ai, meanwhile, has highlighted how AI-led economies will be a ruling future trend.
Be it diversification, passive income or long-term gains that users are after, these coins are top cryptos to invest in that won’t disappoint.
