The latest moves by institutions in the race to become the first company to offer a Bitcoin (BTC) ETF have seen asset managers file fresh and modified proposals with the SEC. Which has successfully been approved. This move had a massive impact since market enthusiasts have been closely watching the development of this case. Experts say these 19b-4 forms change things, and this news has increased optimism for Bitcoin ETF approval.
While excitement filled the market, the AI-centered cryptocurrency platform, InQubeta (QUBE), and the DeFi gaming platform, GALA (GALA), have been hitting bullish prices. Despite GALA’s decline throughout last year, the token has delivered a 6-month recovery of over 104%, while QUBE has shot up by 175% in a similar timeframe. Surprisingly, the performances of these altcoins are better than what investors expected.
Let’s explore the Bitcoin ETF proposal modification and the performance of GALA and QUBE.
InQubeta (QUBE) Impresses Investors With Explosive Early-Stage Performance
InQubeta’s value charged over 44% higher after it entered the sixth stage of the crypto ICO, reporting better-than-expected results. The cryptocurrency platform benefited from strong demand for its QUBE token, translating to a milestone sale of over 715 million tokens. This activity recently allowed InQubeta to hit another milestone to begin the year, earning more than $8.1 million in investments.
InQubeta delivered that impressive top-line performance when the market was experiencing high interest in DeFi companies with innovative qualities. InQubeta’s appeal is rooted in its offerings of investment opportunities in the AI sector, which it achieves using highly valuable NFTs. These NFTs are minted by startup companies in the AI space and then listed on InQubeta’s NFT marketplace for QUBE holders’ purchases. This offering makes QUBE one of the most valuable altcoins on the market.
The highly anticipated launch of QUBE on DEXs (Decentralized Exchanges) is expected to fuel demand for the cryptocurrency and increase its reach and upside potential. The market has been rallying since last year, and QUBE’s constant climb is evidence that the token will not be left out of the upcoming bull run. Since the beginning of the presale, QUBE has surged by over 175%, and its promise to deliver an extra 60% before the end of the crypto ICO continues to pull investors to the event.
InQubeta also included a staking mechanism for platform users, like traditional DeFi companies. This feature rewards stakers from a pool funded with a 5% tax on all transactions, and it helps users gain more revenue streams. The platform is taking advantage of current trends and strengthening its position in two multi-billion dollar high-growth industries. Investors’ optimism has also steadily risen because the InQubeta team plans to start cross-chain expansion and other impressive partnerships.
Gala (GALA) Delivering Shocking Recovery Following Previous Decline
Gala has endured a mix of good and bad times over the years. One fresh example is the platform’s recent unveiling of GALA V2, which sparked optimism and frustration in the Gala Games community. This triggered fluctuations in its price and overall market cap. But even with these setbacks, Gala has kept a firm hold on many gaming ventures.
Last year, the platform communicated its plans to use GALA as a gas payment on the network. This innovative move increases the function and utility of the Gala, and it has sparked a solid rise of over 104%. Some analysts project a 40% rise for GALA when it starts trending on DEXs (Decentralized Exchanges) after the Bitcoin halving event starts.
Bitcoin (BTC) ETF Approval Gains Optimism Following Modified Filings
Institutional firms hoping to win approval to launch ETFs linked to the price of Bitcoin recently modified their filings with the SEC. BlackRock, VanEck, Valkyrie, and several others all submitted new documents detailing arrangements that they’ve made to make sure that the trading of this BTC ETF is efficient. Experts on the filing process commented that companies that meet the deadline on revision filings can go live with their Bitcoin ETF by the 10th of January. Valkyrie, Ark, and 21Shares all filed to level a management fee of 0.80% on the BTC ETF. The Fidelity Wise Origin opted to levy only 0.39% as fees on theirs. Invesco’s levy was 0.59%, but they promised that the first $5 billion in assets wouldn’t have to be paid for six months.
Final Thoughts
The value of Bitcoin has skyrocketed this year. Its surge past the $46,000 mark was primarily triggered by optimism that the SEC is close to approving a Bitcoin ETF. Investors are eager to see what prices it’ll print next. Meanwhile, Gala and InQubeta are pulling in numbers. Although GALA’s growth is not remarkable, it’s better than investors expected. But QUBE has been delivering significant returns to investors and gearing up for another rally, making the ongoing presale the best time to invest in InQubeta.
