The crypto market is abuzz with anticipation as Bitwise, a leading crypto asset manager, filed an amended application for a spot Bitcoin exchange-traded fund (ETF). This comprised a 40-page new text responding to the United States Securities and Exchange Commission’s (SEC) objection to the product. Simultaneously, industry experts predict potential price spikes in Polkadot ($DOT) and InQubeta ($QUBE) as we approach the fourth quarter of 2023.
In this article, we will delve into the latest developments surrounding Bitwise’s ETF application. Further, we will also explore the factors contributing to the bullish projections for Polkadot and InQubeta and why they are altcoins to watch.
What you'll learn 👉
InQubeta ($QUBE): A Top Crypto to Buy
InQubeta ($QUBE) is positioned at the frontier of the intersection of AI and blockchain technology. In other words, its value proposition revolves around becoming the first crowdfunding platform for AI startups via cryptocurrency. In addition, it aims to democratize access to the profitable AI market by lowering the barrier to entry. Consequently, there has been staggering participation in its presale, with over $3.2 million raised at the time of this writing. This astounding figure highlights confidence in its unique offering, thereby propelling analysts to predict a promising outlook for Q4 2023. According to their forecasts, $QUBE will experience a 30x rally, making it the best new crypto to invest in.
Regarding its functionality, AI entrepreneurs and investors will be able to raise funds and invest, respectively, within its NFT marketplace. Here, AI startups will mint investment opportunities, tokenized as NFTs, to raise funds. Further, these NFTs will be fractionalized into bits and offered to investors, thereby allowing them to hold stakes in promising AI ventures regardless of their income.
This promising project is currently in its presale phase, which is a great opportunity to be an early adopter. It is currently at stage 4 and priced at $0.0133. To participate in the presale, follow the link below.
Bitwise’s Bitcoin ($BTC) ETF Application Update
Bitwise has been at the forefront of efforts to launch a Bitcoin ETF in the United States. Its approval will mark a significant milestone in the integration of cryptocurrencies into traditional finance. However, this effort has been frustrated by the SEC.
In recent developments regarding Bitwise’s ETF application, the crypto asset manager filed an amended application for a spot Bitcoin ETF. This covered responses to the SEC’s objection to a spot Bitcoin ETF. Likewise, it tackled arguments made by the agency against the use of the CME BTC futures market for surveillance sharing. Notably, this move came after a US court overturned the SEC’s rejection of a Grayscale Investments application. This revolved around converting its over-the-counter Grayscale Bitcoin Trust into a listed BTC ETF.
Ultimately, with Bitwise’s amended application, the SEC might finally see reason and grant the first-ever spot $BTC ETF in the United States.
Polkadot ($DOT): Interoperability and Dominance
Polkadot ($DOT) is popularly identified as a layer-0 metaprotocol. As a metaprotocol, it is capable of autonomously updating its codebase without the danger of hard forks. Furthermore, Polkadot is known as a multichain protocol that connects a network of specialized blockchains. Therefore, one of its key features is cross-chain transfer or interoperability.
According to key experts, Polkadot, one of the top crypto coins in the market, is gearing up for a rally in the forthcoming final quarter of the year. This bullish prediction can be attributed to its critical role within the blockchain ecosystem. Moreover, as one of the dominant tokens in the crypto market, Polkadot has strong bullish momentum. Therefore, it is one of the top altcoins to buy for substantial returns.
Conclusion
The recent update of Bitwise’s Bitcoin ETF application might be a step closer to the approval of the first spot Bitcoin ETF in the United States. Meanwhile, analysts predict a bullish outlook for Polkadot and InQubeta. This is thanks to their unique value proposition, positioning them as the best coins to invest in.
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