The crypto market has been eagerly awaiting the approval of Bitcoin ETFs (exchange-traded funds) by the US Securities and Exchange Commission (SEC). However, once again, hopes have been dashed as the SEC continues to frustrate efforts with another round of delays. Recently, the agency held its decision on four prominent Bitcoin ETF filings under consideration. Amid this uncertainty, there has been a surge in whale investment, particularly in solid projects like Polkadot ($DOT) and InQubeta ($QUBE). Notably, these projects boast strong fundamentals, which can be linked to the massive interest from retail and whale investors.
In this article, we will explore the ongoing Bitcoin ETF applications and the reluctance of the SEC to approve this new product. In addition, we will delve into the growing interest in Polkadot and InQubeta, including why they are altcoins to watch.
What you'll learn 👉
InQubeta ($QUBE): Growing Whale Interest
InQubeta ($QUBE) is a token of interest and an investor favorite for several reasons. Its emergence in the crypto landscape has been met with huge enthusiasm, with a staggering $3.4 million raised in its ongoing presale. Interestingly, the recent wave of whale interest can be linked to its exceptional fundamentals and explosive growth potential, combining to position it as one of the altcoins to buy.
Notably, as a convergence of blockchain and AI, InQubeta boasts solid fundamentals, which will see it skyrocket. Furthermore, it stands out not only for this fascinating intersection but also for the innovative solution it will be introducing. By leveraging blockchain technology, InQubeta seeks to reshape the fundraising scene of the AI industry. In other words, it aims to become the world’s first crowdfunding platform for AI startups through cryptocurrency, using the $QUBE token. Similarly, it also intends to democratize access to the profitable AI market by utilizing NFTs and a fractional investment model. Therefore, it is one of the new DeFi projects to look out for.
With its innovative concept on the verge of adoption, investors are positioning themselves to ride its bullish wave. Moreover, according to top experts, it will rally by 45x before the end of the year, making it the best new crypto to invest in. Meanwhile, the presale is ongoing, currently at stage 4. It is priced at $0.0133, which is an appealingly low entry point.
Bitcoin ETF: SEC Delay Decision on Approval
The path to a Bitcoin ETF in the United States is proving to be more difficult than expected. In the SEC’s latest move regarding this product, it delayed its decisions on various Bitcoin ETF applications filed this year. Notably, many firms have applications to launch their own Bitcoin ETF, including giants like BlackRock and Bitwise, although the SEC has so far postponed its decision.
Some notable Bitcoin ETFs on hold by the SEC include BlackRock, Valkyrie, Invesco Galaxy Digital, and Bitwise. With the product’s approval taking longer than expected, the crypto community can draw hope from the recent ruling in favor of Grayscale. It is to be noted that a US court recently overturned the SEC’s decision to disapprove Grayscale’s application to convert its Bitcoin trust shares to an ETF. Given this, the chance of a Bitcoin ETF approval in the near future is increased.
Polkadot ($DOT): Championing Interoperability
Polkadot ($DOT) is a multichain protocol that connects and secures a network of blockchains. Therefore, it facilitates the cross-chain transfer of data or assets. In other words, Polkadot allows blockchains to be interoperable with each other, thereby allowing trustless information and transaction sharing among independent blockchains.
In addition, this multichain protocol was designed to provide a foundation for a decentralized internet of blockchains. The protocol also simplifies the creation of new applications and services.
Lately, Polkadot has been witnessing a surge in interest, particularly among whales. This development can be linked to its pivotal role in interoperability and its projected rally, making it a top crypto to invest in.
The delay in Bitcoin ETF approvals by the SEC has been met with disappointment within the crypto community. On the other hand, the growing whale interest in Polkadot and InQubeta has sent ripples through the crypto market. With these projects primed for a surge, they currently represent the best coins to invest in. To participate in the ongoing $QUBE presale, simply follow the link below.
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