Following Bitcoin’s (BTC) new peak—flying past $73,000—the flagship crypto is hard to ignore. The mind-blowing success of spot Bitcoin ETFs after their approval by the US SEC has wowed institutions and countries, prompting Thailand to undergo a U-turn.
In an exciting development that has stirred up quite a buzz, Thailand’s SEC has given the green light to asset managers who wish to provide institutional investors with exposure to US spot Bitcoin ETFs.
Meanwhile, in the crypto market, Binance Coin (BNB) has been gaining significant traction, sparking market excitement. At the same time, InQubeta (QUBE), one of the most talked-about new ICOs, blasted past $11.7 million in presale.
InQubeta (QUBE): Why Investors Are Swarming the Ongoing Presale
InQubeta (QUBE) is the talk of the ICO community as it races towards $12 million in presale, with a staggering $11.7 million raised to date. This impressive presale participation can be attributed to its solid fundamentals as an AI altcoin and its astounding upside potential.
Standing at the intersection of AI and blockchain, it seeks to transform the fundraising scene of the AI sector and make the market accessible to all investors. To address these issues, it will build the first-ever crypto-based crowdfunding platform for tech startups and an NFT marketplace. This forward-thinking approach makes it poised for adoption and massive growth.
The presale is ongoing and is currently in the eighth stage. A token costs only $0.0245—heavily discounted—and is tipped to soar by 80x after its launch. Analyst’s bullish outlook on this emerging crypto makes it a recommended presale and a must-have token.
Spot Bitcoin ETFs: Thailand Gives Asset Managers Green Light
After a decade-long wait, the US SEC finally approved spot Bitcoin ETFs on January 10. Since its introduction on Wall Street, the asset class has surpassed expectations, recording as much as $4.5 billion in inflow on the first day of trading. Early this week, it flipped silver to become the eighth largest asset globally—what a run just two months after its launch!
Given Bitcoin’s remarkable performance as a store of value, it is hard to ignore, even among those with an unenthusiastic stance, like Thailand. Before now, the Thailand SEC announced it had no plans to have spot Bitcoin ETFs in its jurisdiction but then did a complete U-turn.
Early this week, the Thailand SEC gave approval to asset management firms that wish to provide institutional investors with exposure to spot Bitcoin ETFs. Eligible firms can now launch funds for institutional investors and ultra-high-net-worth individuals who seek exposure to Bitcoin through ETFs.
This development has been met with much excitement, representing a significant stride towards mainstream adoption. With more peaks to be created by BTC this year, it remains the best cryptocurrency to invest in.
Binance Coin (BNB): Mirroring the Wider Bullish Crypto Market
Binance Coin (BNB) is one of the best altcoins on the market and a good crypto to buy. It has managed to stay in the spotlight ahead of newly launched tokens like Starknet or DYM, highlighting its dominance and potential.
Trading in tandem with the overall crypto market, BNB’s bull has been on a rampage, keeping the bears at bay. Its remarkable performance has seen it cement its status as one of the top altcoins and a must-have crypto.
Gearing up for further upsides, BNB is a bullish wave not to miss out on. You can position yourself for significant gains by adding Binance Coin to your portfolio—WAGMI.
Conclusion
Thailand gave asset managers the green light to launch funds for institutional investors seeking exposure to spot Bitcoin ETFs. Meanwhile, in the crypto market, BNB continues its upward charge, while InQubeta explodes in presale, raising a mind-blowing $11.7 million. Preparing to skyrocket after its launch, you can become an early holder through the link below.