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The crypto market is buzzing after the approval of 11 spot Bitcoin exchange-traded funds (ETFs). Investment management firm VanEck predicts that $2 billion will flow into crypto in the first week of the ETFs’ launch. Meanwhile, newcomer Galaxy Fox aims for a $5 million fundraising target this January.
VanEck: $2 billion flowing into crypto
Before the approval of Bitcoin ETFs on Jan. 10, there were rumors that BlackRock, a renowned asset management firm, was preparing to invest $2 billion in spot Bitcoin ETFs.
This news came from VanEck’s head of digital assets research, Matthew Sigel. It was shared by
The Block’s editor-in-chief, Tim Copeland, in a Jan. 6 post on X.
However, it’s essential to tread cautiously in the speculative crypto world. While acknowledging the rumor, Sigel emphasized the need for verification.
So far, this claim has not been confirmed, even after spot Bitcoin ETFs have been approved.
Galaxy Fox targets $5 million in presale.
Galaxy Fox has reached a milestone of $2.6 million in its presale.
Its ongoing presale, now at Stage 7 and with GFOX priced at $0.00198, continues gaining momentum.
A $5 million target in January is certainly within reach, as the project is hitting milestones.
The success of the presale, with over $2.6 million raised, is a testament to the excitement surrounding Galaxy Fox. What sets it apart is its multifaceted utility.
Beyond speculative trading, the project offers a gaming platform integrating token earnings, NFT swapping, and staking for passive income.
Savvy investors understand the importance of utility in the crypto space. Galaxy Fox shines in this department, offering a versatile token with multiple use cases.
With many altcoins without real underlying value, Galaxy Fox stands out. Its ecosystem is designed to cater to gamers and investors, creating a unique synergy that sets it apart in the crypto market.
The GFOX token’s popularity is evident as over 87% of the tokens allotted for Stage 7 have already been sold.
Conclusion
As you observe the impact of the recent approval of Bitcoin ETFs and the actions of key players like BlackRock, it’s evident that the market is poised for further growth. Galaxy Fox is one of the multiple projects being explored.
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