Bitcoin ETF inflows compensate April’s outflows; Rebel Satoshi presale peaks

Bloomberg analyst advises investors not to worry about spot Bitcoin ETF flows despite a crypto crash. Meanwhile, Rebel Satoshi’s RECQ aims for higher prices.

TLDR

• A Bloomberg analyst says investors should not worry over short-term spot Bitcoin outflows.
• Rebel Satoshi’s RECQ surprises investors with the rapid growth of its presale. 

Bitcoin (BTC) is leading the market in the latest crypto bull run. These gains came after spot Bitcoin ETFs recorded massive inflows in May, covering April’s outflows. Meanwhile, a Bloomberg analyst has said investors should not fret about ETF inflows and outflows. Meanwhile, Rebel Satoshi’s RECQ token is eyeing more gains after entering Stage 2. Read on to discover more!

Bloomberg analyst tells investors not worry about ETF flows

Eric Balchunas, a prominent analyst at Bloomberg, believes investors should not pay much attention to the inflows and outflows of spot Bitcoin ETFs.

Balchunas shared his sentiments in a May 17, 2024, post on X. Moreover, the analyst pointed out that spot Bitcoin ETFs raked in $1.3 billion in inflows during the first two weeks of May. 

Notably, these inflows completely offset the outflows throughout April. With this in mind, Balchunas said it is best not to get emotional over short-term inflows and outflows because it is normal ETF life. However, he predicted that inflows would surpass outflows in the long term.

As of May 21, investors had poured over $12 billion into spot Bitcoin ETFs, indicating a positive growth trajectory. On the other hand, Bitcoin had stabilized above $71,000, setting the stage for another crypto bull run.

RECQ surges 120%, poised to lead meme coins in the next bull run

Rebel Satoshi, an emerging meme coin project that seeks to become a beacon for the little guys who dare challenge centralized crypto organizations, has gained investor traction with its bold mission and have made it popular among investors due to its dual-token ecosystem.

When complete, the Rebel Satoshi ecosystem will feature an NFT marketplace, the Rebel NFT Vault, an arcade, and a staking program. To unlock these features, investors must buy RBLZ and RECQ tokens. RBLZ is Rebel Satoshi’s membership badge, while RECQ is the utility token. 

As of May, RBLZ has launched on four exchanges after generating a 150% ROI during its presale, which ended on February 29. On the other hand, RECQ is in Stage 2 of its ongoing public presale. RECQ’s price is $0.0044 during this stage, offering investors a promising entry point. 

So far, Early Bird Round and Stage 1 investors have seen their RECQ holdings soar 120% and 19%, respectively. Stage 2 investors will enjoy an 184% ROI when RECQ reaches its launch price of $0.0125. This ROI explains why RECQ is a promising crypto to buy now.

For more information, visit the official Rebel Satoshi Website or join the community on Telegram

This article first appeared at crypto.news