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Bloomberg’s specialist predicts spot Bitcoin ETFs will surpass gold ETFs, as Shiba Inu maintains meme coin dominance and InQubeta’s launch draws near, highlighting a transformative phase in cryptocurrency investment trends.
Eric Balchunas, a senior ETF analyst at Bloomberg, reiterated his bullish stance on spot Bitcoin ETFs. According to him, the funds will overtake gold ETFs at some point, unless “some kind of black swan event occurs.”
Amid massive ETF inflows and the soaring BTC price, Bitcoin ETFs are approaching the size of gold ETFs, suggesting a shift in the financial landscape.Meanwhile, in the meme ecosystem—the Ethereum chain, to be more specific—Shiba Inu (SHIB) has maintained its dominance despite growing competition.
But there is more: InQubeta (QUBE), an emerging AI altcoin, sees massive interest as its market debut nears.
InQubeta: Soaring investor interest
InQubeta is an emerging crypto buzzing with potential, with its presale selling out fast, with a staggering $11.9 million raised to date.
A token costs $0.028 in the ninth stage of the presale, with analysts predicting an 85x jump after its market debut.
Positioned at the intersection of AI and blockchain, it will introduce an innovative solution to the fast-rising AI sector, aiming to reshape the fundraising landscape and open up the market to all investors.
Navigating uncharted waters, it will build the world’s first crypto-based crowdfunding platform for AI tech startups. Additionally, its custom-built NFT marketplace will allow seamless investment in trailblazing AI ventures, regardless of income, courtesy of its fractional investment model.
Bitcoin ETFs: Eric Balchunas predicts it will surpass gold ETFs
After a decade-long wait, the US SEC approved the first spot Bitcoin ETFs in January, sparking a market frenzy. Two months later, the ETF market has been termed an “absurd success” and BTC has gone on price discovery after flipping its 2021 peak.
Eric Balchunas, a senior ETF analyst at Bloomberg, couldn’t be more bullish. According to him, Bitcoin ETFs will overtake gold ETFs at some point, with the AUM (assets under management) inching closer to that of gold ETFs.
He further stated that Bitcoin ETFs will likely experience two major catalysts before the end of the year, which will further propel the market size. Balchunas mentioned the accessibility of spot Bitcoin ETFs to the core of the advisory world, wirehouse platforms, boasting between $7 trillion and $10 trillion in assets.
Next, he mentioned the launch of options trading for Bitcoin ETFs as the second catalyst.
Worth mentioning is the halving, which could spur the price to the upside. In light of this, Bitcoin’s future, including that of spot Bitcoin ETFs, is promising, even more bullish than gold ETFs.
Shiba Inu: Dominating the meme scene
Shiba Inu (SHIB) is one of the best meme coins, not only on Ethereum but in the wider crypto market. It is the second-leading meme token by market size in the world, trailing only Dogecoin (DOGE).
Following its recent jump—leading the latest meme craze—it cemented its dominance and leading status. Despite the rise of Solana memecoins like BONK and WIF, Shiba Inu remains an investor favorite, hot on the heels of Dogecoin.
As it races towards a new all-time high (ATH), it is among the best cryptos to invest in. Boasting massive upside potential, Shiba Inu is a bullish wave not to miss out on. If you wish to avoid FOMO (fear of missing out), we suggest adding SHIB to your crypto portfolio and HODLing.
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This article first appeared at crypto.news
