<img src="https://crypto.news/app/uploads/2023/12/crypto-news-hologram-coins-trading-chart-is-up-background-neon-colors01.webp” />
Disclosure: This article does not represent investment advice. The content and materials appearing on this page are for educational purposes only.
The cryptocurrency market is abuzz after the approval of 11 spot bitcoin exchange-traded funds (ETFs). Investment management firm VanEck predicts that $2 billion will flow into cryptocurrencies in the first week of the ETFs' launch. Meanwhile, newcomer Galaxy Fox is aiming for a fundraising goal of $5 million this January.
VanEck: $2 billion flowing into cryptocurrencies
Before the approval of bitcoin ETFs on January 10, there were rumors that BlackRock, a renowned asset management company, was preparing to invest $2 billion in spot bitcoin ETFs.
This news came from VanEck's head of digital asset research, Matthew Sigel. was shared by
The Block's editor-in-chief Tim Copeland in a Jan. 6 post on X.
However, it is essential to exercise caution in the speculative world of cryptocurrencies. While he acknowledged the rumor, Sigel emphasized the need for verification.
So far, this claim has not been confirmed, even after spot bitcoin ETFs were approved.
Galaxy Fox is aiming for $5 million in pre-sales.
Galaxy Fox has reached a $2.6 million pre-sale milestone.
Its ongoing pre-sale, now in Stage 7 and with GFOX priced at $0.00198, continues to gain momentum.
A goal of $5 million in January is certainly within reach as the project is hitting milestones.
The pre-sale success, with over $2.6 million raised, is testament to the excitement surrounding Galaxy Fox. What sets it apart is its multifaceted utility.
Beyond speculative trading, the project offers a gaming platform that integrates token earnings, nft trading, and staking for passive income.
Smart investors understand the importance of utility in the crypto space. Galaxy Fox shines in this department, offering a versatile token with multiple use cases.
With many altcoins with no real underlying value, Galaxy Fox stands out. Its ecosystem is designed to serve gamers and investors, creating a unique synergy that sets it apart in the cryptocurrency market.
The popularity of the GFOX token is evident as over 87% of the tokens allocated for Stage 7 have already been sold.
Conclusion
Looking at the impact of the recent approval of bitcoin ETFs and the actions of key players like BlackRock, it is evident that the market is primed for further growth. Galaxy Fox is one of multiple projects being explored.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.
