The sharp increase in demand for Bitcoin ETFs indicates a bullish outlook for the price of BTC. Amid a surge of interest in the instrument, the world’s largest asset manager, BlackRock, announced its intention to include IBIT in the investment strategy of the Global Allocation Fund. On the other hand, BlockDAG presale gains Massive Momentum.
Increasing Demand for Bitcoin Spot ETFs
This trend is not unique to BlackRock. Other asset managers are also considering launching ETFs, promoting investment models shifting toward digital currencies. The attractiveness of Bitcoin ETFs is also evidenced by the latest data from CryptoQuant. On March 7, investors poured about $473 million into them, which is equivalent to approximately 7,000 BTC.
“The launch of Bitcoin spot ETFs was a landmark moment in the history of BTC. Their structural impact on liquidity and overall trading volume cannot be overstated. From a regulatory perspective, this is a huge step forward – especially for the US, and can be seen as a major win for cryptocurrencies as an asset class,” Matthew Howells-Barbee, vice president of growth at Kraken, said.
Bitcoin: The road to $100,000
Record capital inflows into spot Bitcoin ETFs come amid favorable market conditions and growing recognition of the major cryptocurrency’s potential.
Analysts believe that the combination of persistently high interest in ETFs, positive market indicators and expected regulatory approval for trading options on Bitcoin funds could push the asset price towards the long-awaited $100,000 mark. Technical, on-chain and fundamental factors will contribute to this growth.
BlockDAG: Presale Interest is Growing
BlockDAG is emerging as a noteworthy player in the crypto presale arena, having raised over $3.6 million thus far. As the second batch of BlockDAG’s presale approaches its end, market interest is surging, suggesting an upward price trajectory with each subsequent batch launch.
Currently priced at $0.0015, BDAG is offering a giveaway of $2 million that is up for grabs for 50 of its community members. This giveaway has already attracted over 3,000 participants and is set to conclude on April 15th.
BlockDAG’s commitment to an eco-friendly and user-friendly crypto mining experience includes offering a range of mining equipment designed for various user needs.
This sustainable approach has made BDAG over $1.5 million by selling over 3,100 miners in its presale, positioning BDAG as a viable mining option and a noteworthy investment prospect in the crypto market.
Main Features of BlockDAG
One of the most exciting aspects of BlockDAG is its remarkable success in the presale phase. With the rapid sellout of presale batches 1 and 2, the project is now gearing for batch 3, with an impressive $3.2 million of presale funds secured. This achievement speaks volumes about the overwhelming confidence and support from early investors, solidifying BlockDAG’s credibility and potential for growth.
On the other hand, BlockDAG offers diverse profit opportunities for its investors. With the potential for 5000x returns from batch 1 to 45, early investors can reap massive rewards upon its official launch. Moreover, the project offers diversified income streams, including Coin Investment Strategy, Mobile Mining convenience, Dedicated Miner Units, and Trade Miners, catering to investors with different risk appetites and preferences.
