- Fidelity’s FBTC hits $1B inflows, second to BlackRock’s IBIT.
- 10 out of the 11 approved ETFs gain $3.4B, Grayscale sees $2.2B outflows.
- Pullix PLX token presale gains steam as the trade-to-earn token’s value rises from $0.04 to $0.08.
Fidelity’s FBTC spot bitcoin ETF has emerged as the second to surpass $1 billion in inflows, trailing closely behind BlackRock’s IBIT. This milestone was achieved within just five days of trading, indicating a growing interest in Bitcoin among institutional and retail investors through regulated and mainstream financial instruments.
Data from BitMEX Research shows a strong performance of various spot bitcoin ETFs, with Fidelity’s FBTC and BlackRock’s IBIT leading with $1 billion-plus inflows each. Other notable players include Bitwise with $395.5 million, Ark Invest/21Shares with $320.9 million, and Invesco with $194.9 million.
Out of 11 ETFs, 10 have experienced inflows totalling almost $3.4 billion, with Grayscale being the only outlier with $2.2 billion in outflows.
Pullix PLX token presale
Pullix, a DeFi protocol, is gaining attention in the crypto trading world with its PLX token presale. The token, with its innovative “Trade-to-Earn” mechanism, has seen significant interest and price fluctuations across stages.
The presale has raised $3,890,284 so far, with the token’s value rising from $0.04 to $0.08 in the current sixth stage. This growth reflects investor confidence in Pullix’s vision of bridging decentralized and centralized exchanges, offering a comprehensive trading experience with a focus on liquidity provision.
Conclusion
The recent developments in the crypto market demonstrate its continuous evolution. Fidelity’s FBTC achieving $1 billion in inflows signifies the growing mainstream acceptance of Bitcoin, while Pullix’s PLX presale success highlights the demand for innovative DeFi solutions.
The constantly evolving nature of the crypto world promises exciting prospects, and investors remain poised for further groundbreaking developments.
