Bitcoin ETF Competition Grows; Polkadot & InQubeta Garner Growing Buyer Interest
The Bitcoin ETF industry is seeing new headlines hit the market almost every other day. So much so that Franklin Templeton, which is a global asset management company, has even submitted an application for its own spot ETF.
We have Blackrock, Valkyrie, Bitwise, and almost 20 other applicants in this race so far.
It’s not all about BTC though, there are still optimistic projections for two more cryptocurrencies, namely, Polkadot and InQubeta. According to analysts, these top crypto coins should not be forgotten during the current BTC craze.
Spot Bitcoin ETF Applicants Waiting For Approval
Asset management companies like Fidelity have applied for spot ETFs with a deadline of January 2024. Many see this as a good sign and say that once approved, this can give crypto investors a much more lucrative way to invest in BTC.
Plus, we even have Hong Kong, El Salvador and Saudi Arabia working on their own ETFs too! This is massive for the crypto industry as a whole and may bring $50 billion+ into the market over the next 2 years.
Polkadot (DOT) Predicted To Have Major Gains in 2024
Polkadot is a cryptocurrency that makes it possible for data and assets to be transferred cross-chain. It essentially forms a basis for web3 services and makes use of a parachain network so that blockchain systems are connected.
DOT prices increased by 20% at the beginning of December and showed positive growth over the next few days. However, in the last week, things have calmed down a little as the crypto market continues to adjust and enthusiasts try to find the best cryptos to buy.
According to crypto analysts, DOT prices are only likely to go higher in 2024 as the influence of Web3 grows. Hence, it’s definitely a good crypto to look out for.
InQubeta Is
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