The cryptocurrency market value and activity soared massively after Bitcoin ETFs launched. Grayscale’s ETF had the highest AUM value then and has now fallen to second place after BlackRock’s Bitcoin ETF surpassed it. Meanwhile, presale token DTX sees a rise in whale transactions. Explore Bitcoin ETF market movements and DTX Exchange’s (DTX) public presale.
BlackRock’s Bitcoin ETF Attracts Higher Inflows To Tops The Market
SoSoValue, an on-chain Bitcoin ETF market analyst, reported that on May 28, 2024, Blackrock’s Bitcoin ETF, IBIT, surpassed Grayscale’s GBTC in value of AUM. While Grayscale started with the largest AUM on launch in January, BlackRock’s BTC ETF has been the most popular, enjoying higher investment inflows.
According to the report, between January 11 and May 28, BlacRock’s BTC ETF received 286,671 Bitcoin (BTC), valuing the ETF AUM at $19.79 billion. Meanwhile, Grayscale’s ETF has experienced massive outflows, causing its AUM value to fall to $19.75 billion, pushing BlackRock’s IBIT to market leadership 96 days after launch.
Following the announcement, Bitcoin (BTC) fell from $69,392 to $68,296 the following day. Other crypto market forces instigated the Bitcoin drop, resulting in investor skepticism about Bitcoin future.
This Bitcoin drop came after Bitcoin (BTC) broke through a consolidation phase, rising 7% from $66,278 to $70,597 between May 20 and May 27. With experts suggesting a bearish market sentiment for Bitcoin (BTC) as selling pressure rises, a further Bitcoin drop is expected in the short term.
However, long-term Bitcoin (BTC) price predictions remain bullish, with forecasts expecting it to reach $80,000 by the end of the year.
DTX Exchange (DTX) Attracts Whales In Its Ongoing Public Presale
DTX Exchange (DTX) has pulled crypto whales to its ongoing public presale due to its massive profit potential and unique hybrid strategy. Aspiring to be the best DeFi company, DTX offers a decentralized platform to trade over 120,000 TradFi products and cryptocurrencies. Realizing its growth potential, large crypto buyers flock to its blockchain ICO.
DTX caters to newbie investors with a massive cache of educational material that is easily accessed on the platform. Furthermore, veteran investors will have an easy time on DTX Exchange because of its elegant navigational interface that eases profitability.
Moreover, DTX offers traders cutting-edge tools and capabilities to maximize profits and advanced security with non-custodial wallets.
The multistage public presale is in Round 2, with over $588,000 raised against a $2 million target. The speed at which DTX has reached the current stage and inflows indicates massive investor interest in the product because of its underlying profit potential. Moreover, as the presale progresses, early investors expect significant profits as prices increase with the close of every round, with a 50% rise expected when it reaches Round 3.
With the presale promising a 500% ROI when it reaches the projected $0.12 listing price, whales buying DTX at the current valuation of $0.04 anticipates a 30x price increase when it starts trading on exchanges.
