The inflow of Ethereum ETFs is underwhelming, but analysts believe it will drive altcoins, including 99Bitcoins, the viral new L2E, to higher levels.
Nasdaq’s approval and listing of spot Ethereum ETFs was a historic moment for crypto, especially altcoins.
Now, investors have an option: They can choose to accumulate more BTC or diversify their portfolios with a more potent altcoin in ETH.
Indeed, for some, Ethereum, considering its foundational role as a driver of the digital economy via dApps, stands a chance to extend gains and even flip Bitcoin in the years to come.
Spot Ethereum ETFs Inflow Underwhelming
It might take time for this to be realized, but the time is coming.
Analysts are upbeat and confident that ETH will pierce immediate resistance levels and claim all-time highs of around $5,000.
(ETHUSDT)
If the BTC script post-spot Bitcoin ETF approval is any indication, ETH appears undervalued at spot rates.
However, the pace of this expansion depends on inflows.
By the end of yesterday’s trading at Cboe, Nasdaq, and NYSE, all spot Ethereum ETF issuers had bought $1.08 billion worth of ETH.
It is way lower, roughly a third of those seen when spot Bitcoin ETFs debuted in January 2024.
(Source)
There are several explanations behind this muted reception:
Unlike Bitcoin, which is seen as digital gold, investors perceive ETH as a complex investment. Second, the spot where Ethereum ETF issuers are barred from staking is also a big problem.
For this reason, the media frenzy seen when spot Bitcoin ETFs launched is noticeably missing with ETH, dampening investor interest.
Amid this low interest on launch, analysts believe the success of spot Ethereum ETFs would provide major tailwinds for other quality projects, especially 99Bitcoins, whose 99BTC presale is in progress.
99Bitcoins Presale Raises Over $2.5 Million
99Bitcoins, an authoritative crypto news outlet and education platform launched in 2013, is relaunching.
The goal is to be a leading learn-to-earn platform where learners are incentivized to expand their crypto knowledge in exchange for 99BTC.
Whenever they answer quizzes or participate in other educational initiatives, they get 99BTC.
The idea of being an L2E platform is well received, as evidenced by the over $2.5 million raised in the ongoing 99Bitcoins presale.
Each 99BTC token is selling for just $0.00115.
As the presale prepares for the final price increase before launch, investors are encouraged to double down. They can buy 99BTC using their ETH, USDT, or fiat through debit or credit cards.
What’s more, you can invest any amount. There are no caps.
Beyond investment, 99BTC holders can stake and receive an impressive 684% APY, earning passive income.
Once the presale ends, 99BTC will launch in multiple exchanges. Analysts predict the token will easily be 100X, outperforming Ethereum and other top altcoins.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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