BlacRock’s update of its spot Bitcoin ETF application after tight negotiations with the SEC drew attention to some coins.
BlackRock, the largest global asset manager, has again changed its plan for a spot Bitcoin ETF. The company revised its application after the fourth SEC meeting.
In accordance with U.S. Securities and Exchange Commission (SEC) requirements, the updated filing stated that ETF share issuance and redemption will use cash rather than assets such as Bitcoin. This means that new shares of the fund can only be created with cash, not Bitcoin.
As new developments continue to emerge, Bitcoin and staking-themed coins attract attention in the crypto industry. Optimism prevails in expert opinions about the two coins that are the new favorites of investors.
Bitcoin Minetrix (BTCMTX) – Project Making Asset Accessible to Everyone with Bitcoin Theme
As anyone interested in the cryptocurrency industry knows, hopes are growing that a spot BTC ETF could launch in early 2024.
If approved, these funds are expected to bring in a large infusion of institutional capital and expand Bitcoin’s reach into the mainstream market.
Investors are scrambling to increase their exposure to the world’s largest cryptocurrency, as the prospect of greater institutional demand is a strong bullish signal for Bitcoin.
As Bitcoin continues to dominate the headlines, an innovative project called Bitcoin Minetrix (BTCMTX) that offers a unique way to earn BTC is also increasingly being talked about. This project is positioned as a new cryptocurrency that allows anyone to mine Bitcoin effortlessly and safely.
Bitcoin Minetrix leverages Ethereum for users to gain cloud mining power for Bitcoin without expensive hardware or mining contracts. Buy Bitcoin Minetrix tokens It allows them to stake their tokens.
This approach solves major pain points that limit access to mining, such as the lack of transparency in the cloud mining space.
On the other hand, investors also have the opportunity to earn up to 110 percent APY through the staking protocol, which offers two ways to earn crypto in the Bitcoin Minetrix ecosystem.
Bitcoin Minetrix token purchaser Thanks to the majority, the project is in the midst of a trending pre-sale phase where it has raised over $5.5 million in funding. The pre-sale’s soft cap is set at $15 million, meaning there’s still plenty of time for investors to get involved before the project goes live.
It is also worth mentioning that audit firm Coinsult also conducted a smart contract audit that found Bitcoin Minetrix safe and secure.
Post-pre-sale, exchange listings are planned to increase liquidity, as well as a mobile app and partnerships to expand mining capacity. Solid security, ambitious plans, and BTCMTX’s use case combined with its wide range of usage have led to exciting price predictions from many cryptocurrency experts.
In the pre-sale, where the price increases at every stage, BTCMTX token can be purchased for $ 0.123, but investors need to hurry as the price will rise tomorrow.
Sponge Token V2 – Promising Staking System with Team Robustness
Sponge (SPONGE), which gained significant popularity in the crypto market last May, is back on the scene. This time, the team introduced its next update, Sponge V2, which guarantees the opportunity to make even more profits.
The Sponge team had proven its proficiency in obtaining listings on major exchanges. Although it is only six months old, Sponge V1 has managed to be listed on many top cryptocurrency exchanges. These platforms include Gate.io, MEXC, Bitget, Poloniex and CoinW. The competence of the Sponge V1 team is very important for the upcoming stage.
Sponge Token V2 (SPONGEV2) offers a unique Stake-to-Bridge configuration that connects it to the original SPONGE ecosystem. This bill allows both new and existing investors to benefit from the renewed interest in meme coins.
The introduction of SPONGE’s staking system proved to be a major event, causing renewed interest in the token and its price increasing by more than 500 percent in November.
Investors Purchase Sponge Token V2 They can do this using a special widget on the Sponge.vip website. Purchased tokens are instantly staked in the V2 pool.
Alternatively, people who already own and stake SPONGE tokens have the option to withdraw them from the V1 staking pool and re-stake them in the new pool later.
Increasing the amount of staked SPONGE tokens is directly related to the increase in the number of SPONGEV2 tokens earned.
Sponge V2 is now available for purchase, but the only way to gain access is via the sentient bridge model. First, investors need to ‘bridge’ Sponge V1. V1 tokens remain locked forever.
After the staking period ends, SPONGEV2 coins can be obtained by visiting the official SPONGE website and placing a request.
SPONGEV2 has a predetermined four-year staking period during which stakers can accumulate tokens, starting with a significant 40 percent annual percentage return (APY).
In essence, this revolutionary approach creates a mutually advantageous link between existing and future SPONGE tokens. It incentivizes its holders while directing liquidity and momentum towards SPONGEV2.
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Interesting Development in ETF Application! Are These Coins Preparing for a Rally? The article titled was prepared by Koin Bulletin and published on koinbulteni.com.