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U.S. spot ETFs now hold 1.1M+ BTC, surpassing Satoshi’s stash, fueling bullish momentum for the altcoin Cutoshi
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U.S. spot ETFs have accumulated over 1.1 million Bitcoin and now officially own more BTC than the anonymous founder Satoshi Nakamoto. The ETF firms have achieved this milestone within a year of their inception.
This has proven to be a bullish sign for the new altcoin Cutoshi (CUTO), which follows Satoshi’s vision and walks in the path paved by Bitcoin.
Bitcoin ETFs holdings surpasses Satoshi Nakamoto
Most of these BTC owned by ETFs belong to BlackRock’s iShares Bitcoin Trust (IBIT), making it the most significant Bitcoin exchange-traded fund with around 528,000 Bitcoin.
These organizations’ mass acquisition of Bitcoin illustrates the increasing acceptance and reducing regulatory pressure. Moreover, these ETFs improve accessibility for retail investors and can increase participation from investors who were hesitant to invest in Bitcoin earlier.
Although it decreases Bitcoin’s decentralized nature, the increasing ETF holdings would provide more liquidity and induce more demand, ultimately driving the price up. This shift in sentiment toward cryptocurrencies would give a more inclusive environment for rising projects and thus boost their growth potential.
Cutoshi: Hybrid DeFi meme coin thrives in presale
Cutoshi is the rising hybrid altcoin that merges DeFi and meme coins to provide a unique memeFi ecosystem. It follows Bitcoin and Satoshi Nakamoto’s vision of a decentralized economy that embodies privacy, security and monetary freedom.
Cutoshi fuses Satoshi’s teachings with the spirit of the Chinese Lucky Cat, which has inspired its meme aspect. This cat figurine is known for its lucky powers in Chinese and Japanese folklore, so Asian people decorate it in their homes. It brings good fortune and prosperity to the owners.
It has brought the lucky cat’s powers to the blockchain by tokenizing it as its native token, CUTO, to bring good luck and wealth to your digital assets. Cutoshi aims to grow its community through the power of memes and spread the mass adoption of DeFi by offering functionalities in its ecosystem essential for a thriving decentralized economy.
The ecosystem includes a decentralized exchange, the Cutoshi DEX, a cross-chain-compatible platform allowing users to swap their digital assets across various blockchains. It offers secure and private peer-to-peer swaps at unmatched speed for a competitive fee of 0.25%.
Furthermore, the Cutoshi Academy bridges the knowledge gap for crypto newcomers by providing engaging learning modules that explain complex crypto and web3 concepts in an easily understandable way. This allows newcomers to adapt to the DeFi economy and transition smoothly.
Earn CUTO through cutoshi token farming
The farming mechanism boosts community growth and allows members to earn CUTO. Over 3,300 members are farming by completing the fun challenges on the Cutoshi quest board and competing to rise in the leaderboard.
The higher one ranks on the leaderboard, the more rewards one receives for continued contribution. Every member who participates will receive CUTO points for helping the community grow. After CUTO launches, they can convert these points into tokens.
Accumulate enormous wealth through the CUTO presale
CUTO is the main currency of the ecosystem, which is crucial as it will be used for transaction fees on the DEX and the buyback and burn mechanism. The token’s supply is deliberately capped at 440 million to keep the asset deflationary and increase its value over time.
CUTO is available to acquire for $0.031 in presale stage four. The token has come a long way since the starting price of $0.015 in stage one and Cutoshi has raised over $1.36 million with the presale. The early investors who have gained a massive ROI from the CUTO presale are now obtaining more to capitalize on the coming surge in further rounds.
For more information, visit the official Cutoshi website and join the community on X and Telegram.
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This article first appeared at crypto.news
