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A Bloomberg analyst advises investors not to worry about spot Bitcoin ETF inflows despite the cryptocurrency's collapse. Meanwhile, Rebel Satoshi's RECQ aims to push prices higher.
TLDR
- Investors shouldn't worry about short-term spot Bitcoin inflows, a Bloomberg analyst says.
- RECQ for Rebel Satoshi Surprises investors with rapid growth of pre-sale.
Bitcoin (BTC) Leading the market in the latest cryptocurrency rally. These gains came after spot Bitcoin ETFs recorded massive inflows in May, covering outflows in April. Meanwhile, a Bloomberg analyst said investors shouldn't worry about inflows and outflows from ETFs. while, Satoshi the rebelRECQ token is looking forward to further gains after entering the second phase. Read on to discover more!
A Bloomberg analyst tells investors not to worry about ETF flows
Eric Balchunas, a senior analyst at Bloomberg, believes 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. Furthermore, the analyst noted that spot Bitcoin ETFs generated $1.3 billion in inflows during the first two weeks of May.
It is worth noting that 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 that's the normal life of ETFs. However, expect inflows to exceed outflows in the long term.
As of May 21, investors have poured more than $12 billion into Bitcoin ETFs, indicating a positive growth trajectory. On the other hand, Bitcoin settled above $71,000, paving the way for another bullish wave for the cryptocurrency.
The value of RECQ has risen by 120%, and is poised to lead the cryptocurrency on its next upward trend
Rebel Satoshi, a startup meme project seeking to become a beacon for youngsters who dare to challenge centralized cryptocurrency regulators, has gained investor traction with its bold mission and made it popular among investors for its dual-token ecosystem.
When complete, the Rebel Satoshi ecosystem will contain an NFT marketplace, Rebel NFT Vault, arcade, and staking software. To unlock these features, investors must purchase RBLZ and RECQ tokens. RBLZ is Satoshi the rebelMembership badge, while RECQ is a utility icon.
As of May, RBLZ has launched on four exchanges after achieving a 150% ROI during the pre-sale that ended on February 29. RECQ, on the other hand, is in the second phase of its ongoing public presale. The price of RECQ is $0.0044 during this phase, providing investors with a promising entry point.
To date, early bird and seed round investors have seen their RECQ holdings rise by 120% and 19%, respectively. Phase 2 investors will enjoy a 184% ROI when RECQ reaches its launch price of $0.0125. This ROI explains why RECQ is a promising cryptocurrency to buy now.
For more information, visit the official Satoshi Rebel website Or join the community on cable
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