The US Securities and Exchange Commission (SEC) just approved Bitcoin exchange-traded funds applications submitted by companies like Grayscale, Fidelity, and BlackRock.
A spot ETF would track the price of BTC, giving investors exposure to its price movements without having to own any BTC directly.
InQubeta (QUBE) has also emerged as a novel crypto. The project intends to democratize access to artificial intelligence (AI) investments, allowing those who don’t meet the requirements of mainstream investing firms to be part of the technological revolution.
InQubeta (QUBE) presale accomplishes new milestones
InQubeta’s creative way of opening up access to AI investments positions it to play an important role as artificial intelligence plays a larger role in many industries. Investors have been betting big on AI in the past several years as its viability expands exponentially.
Investing in AI today positions investors to enjoy considerable profits as the technology reshapes industries and redefines how societies work.
Here’s what the investment process looks like on the InQubeta network:
- AI startups get the capital they seek by making ERC20 coins that denote investment opportunities. The authenticity of these tokens can be easily verified on the blockchain, and they offer rewards like profit-sharing
- Tokens are fractionalized into smaller pieces to suit every investor’s budget and added to the ERC20 token list on the marketplace
- Investors can research the different companies looking for capital on the NFT marketplace and buy coins they like with QUBE
- Investors can keep track of the growth of their tokens through their InQubeta accounts. These non-fungible tokens can also be resold on the marketplace for QUBE
Holding on to QUBE also gives investors access to InQubeta’s democratic governance system. Holders can vote on existing discussions and suggest new ideas.
Filecoin (FIL) getting more interest from whales
Filecoin aims to safeguard humanity’s most essential data with its decentralized storage system. It was a top ICO in 2017, as its initial coin offering raised $205 million. The project hosts an open protocol that records commitments made by participants, allowing them to rent or monetize storage space.
Filecoin has lots of potential for long-term growth thanks to the utility the project provides to its users.
How a Bitcoin spot ETF would impact the cryptocurrency space
It’s almost a foregone conclusion that the first Bitcoin ETF will be approved in the next several days. This will considerably increase the liquidity and accessibility regarding BTC as it opens up trillions of dollars to the most popular cryptocurrency.
Investors would now be able to make profits off its price movements, which appeals to a broader range of investors, particularly those who prefer mainstream investment firms.
Some forecasts have BTC prices rising as high as $100,000 following the approval of an ETF. Some experts like Anthony Scaramucci believe it could push prices as high as $330,000.