Excitement peaked following Grayscale’s update of its spot Bitcoin ETF filing. Optimism has been reignited, with the dreams of an area Bitcoin ETF in the US staying alive. In another exciting development, Blur (BLUR), the governance token of an NFT marketplace, broke into the list of the top 100 cryptocurrencies after explosive growth.
As with every new cycle, the top 100 cryptocurrencies have changed. There are new entrants and departures. With the list shaping up, investors are curious about which token will make it next. A popular contender has been InQubeta (QUBE), an AI altcoin. This intersection of AI and blockchain has been hailed as the future, and QUBE has been tipped to become a top 100 cryptocurrency.
This article will discuss Grayscale’s updated spot Bitcoin ETF filing and Blur becoming one of the top altcoins on the market. In addition, it will cover why InQubeta is one of the most promising altcoins to watch.
InQubeta (QUBE): A Future Top 100 Crypto
While the competition is intense, InQubeta (QUBE) checks most of the boxes on why it should be a top 100 cryptocurrency. Its influence spans two of the biggest industries in the world: AI and cryptocurrency. As a result, it is primed for explosive growth. In addition, it will solve one of the most critical problems in the AI sector: fundraising. This top ICO has raised $5.3 million at the time of writing.
It will become the first crowdfunding platform for AI startups, allowing them to source funds through cryptocurrency. Startups will raise funds by minting investment opportunities, represented as NFTs. These equity-based NFTs will be offered to investors, through which capital will be presented.
This project is still in its early stages, meaning you can ride its bullish wave to the fullest by investing now. It is in its fifth presale round, and a token costs only $0.0161. According to analysts, its value will be a 40x increase after launch, positioning it as the best new crypto to invest in.
Grayscale’s Spot Bitcoin ETF Filing: A Promising Development
Grayscale is one of the leading asset managers filing for a Bitcoin spot ETF. It took a different approach, requesting that its existing investment vehicle, the Grayscale Bitcoin Fund (GBTC), be converted into an ETF. While it was initially rejected by the US Securities and Exchange Commission (SEC), a lawsuit was filed. A three-judge panel of the District of Columbia Court of Appeals ruled that the SEC was wrong to reject Grayscale’s proposed Bitcoin ETF without a clear explanation.
The SEC has since been urged to review and approve the application. According to Grayscale, there shouldn’t be any issue regarding the approval of this product. The market surveillance used for approved Bitcoin futures ETFs is sufficient; they rely on Bitcoin’s underlying price.
Following this development, Grayscale recently updated its spot Bitcoin ETF filing. This development has been met with excitement, signifying a remarkable stride in the application process and imminent approval. Hopefully, in the coming weeks, the SEC will approve the first spot Bitcoin ETF.
Blur (BLUR): A Top 100 Cryptocurrency
A new cycle is here; expectedly, new entrants in the top 100 cryptocurrencies are growing. Blur (BLUR) is one of these new members, becoming one of the top crypto coins following a significant surge in value. You must be wondering, What is Blur?
It is the native governance token of Blur, an NFT marketplace and aggregator platform. It offers advanced features like portfolio management and multi-marketplace NFT comparisons. It has become a popular destination for NFT traders, who prefer it for trading activities.
Blur came to prominence in 2022 after its launch. Today, it has become a top altcoin. With substantial room for growth, it is one of the best coins to invest in.
Conclusion
Grayscale updating its spot ETF filing indicates its imminent approval by the SEC. Meanwhile, competition is intense in the crypto market, with tokens fighting to break into the top 100 cryptocurrencies. Blur recently made it to the list, and InQubeta has also been tipped to reach this status.