Bitcoin
Bitcoin ETF inflows offset April outflows; Rebel Satoshi pre-sale spikes
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only.
Bloomberg analyst advises investors not to worry about Bitcoin ETF spot flows despite a crypto slump. Meanwhile, Rebel Satoshi’s RECQ is targeting higher prices.
TLDR
- A Bloomberg analyst says investors should not worry about spot Bitcoin outflows in the short term.
- RECQ of the rebel Satoshi surprises investors with the rapid growth of its pre-sales.
Bitcoin (BTC) is leading the market in the latest crypto rush. These gains came after spot Bitcoin ETFs saw massive inflows in May, covering April’s outflows. Meanwhile, a Bloomberg analyst said investors shouldn’t worry about ETF inflows and outflows. About that, Rebel SatoshiRECQ token is looking for more gains after entering Stage 2. Read on to find out more!
Bloomberg Analyst Tells Investors Not to Worry About ETF Flows
Eric Balchunas, a prominent Bloomberg analyst, believes that investors should not pay too much attention to the inflows and outflows of spot Bitcoin ETFs.
Balchunas shared his sentiments in a May 17, 2024 post on X. Additionally, the analyst pointed out that spot Bitcoin ETFs took in $1.3 billion in inflows during the first two weeks of May.
Remarkably, these inflows completely offset outflows throughout April. With that in mind, Balchunas said it’s best not to get excited about short-term inflows and outflows because it’s normal ETF life. However, he predicted that inflows would outpace outflows in the long run.
As of May 21, investors have invested more than $12 billion in spot Bitcoin ETFs, indicating a positive growth trajectory. On the other hand, Bitcoin has stabilized above $71,000, setting the stage for another crypto run.
RECQ Soars 120%, Ready to Lead Meme Coins in Next Bull Run
Rebel Satoshi, an emerging meme coin project that seeks to become a beacon for little guys who dare to challenge centralized crypto organizations, has gained traction from investors with its bold mission and made it popular among investors due to its dual-token ecosystem.
When completed, 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 purchase RBLZ and RECQ tokens. RBLZ is Rebel Satoshiof the member badge, while RECQ is the utility token.
In May, RBLZ launched on four exchanges after generating a 150% ROI during its presale, which ended on February 29th. On the other hand, RECQ is in Stage 2 of its ongoing public pre-sale. RECQ is priced at $0.0044 during this phase, offering investors a promising entry point.
So far, Early Bird Round and Stage 1 investors have seen their stakes in RECQ soar 120% and 19%, respectively. Stage 2 investors will enjoy a 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 website Satoshi Rebel Website or join the community at Telegram
Disclosure: This content is provided by third parties. crypto.news does not endorse any products mentioned on this page. Users should do their own research before taking any action related to the company.