Bitcoin ETF Inflows Offset April Outflows; Rebel Satoshi pre-sale reaches peak

Bloomberg analyst advises investors not to worry about bitcoin ETF spot flows despite a crypto crash. Meanwhile, Rebel Satoshi's RECQ is targeting higher prices.

TLDR

• A Bloomberg analyst says investors shouldn't worry about bitcoin spot outflows in the near term.
• Rebel Satoshi's RECQ surprises investors with the rapid growth of its pre-sales.

bitcoin (btc) is leading the market in the latest cryptocurrency bull run. These gains came after bitcoin spot ETFs recorded massive inflows in May, covering outflows in April. Meanwhile, a Bloomberg analyst has said investors should not worry about ETF inflows and outflows. Meanwhile, rebel satoshiRECQ token is looking to make 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 investors should not pay 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 noted that bitcoin spot ETFs raised $1.3 billion in inflows during the first two weeks of May.

Notably, these inflows completely offset outflows throughout April. With this in mind, Balchunas said it's best not to get excited about short-term inflows and outflows because that's normal life for ETFs. However, he predicted that inflows would outpace outflows in the long run.

As of May 21, investors had invested more than $12 billion in spot bitcoin ETFs, indicating a positive growth trajectory. On the other hand, bitcoin had stabilized above $71,000, setting the stage for another cryptocurrency bull run.

RECQ surges 120%, set to lead meme coins in next bull run

Rebel Satoshi, an emerging meme coin project that seeks to become a beacon for small guys who dare to challenge centralized crypto organizations, has gained traction among investors with its bold mission and made it popular among investors due to its dual token ecosystem.

When complete, the Rebel Satoshi ecosystem will feature an nft marketplace, Rebel nft Vault, a game room, and a staking program. To unlock these features, investors must purchase RBLZ and RECQ tokens. RBLZ is rebel satoshiThe membership badge, while RECQ is the utility token.

In May, RBLZ was launched on four exchanges after generating a 150% ROI during its pre-sale, which ended on February 29. On the other hand, RECQ is in Stage 2 of its ongoing public pre-sale. RECQ price is $0.0044 during this stage, offering investors a promising entry point.

So far, Early Bird Round and Stage 1 investors have seen their holdings in RECQ soar by 120% and 19%, respectively. Stage 2 investors will enjoy a 184% return on investment 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 site. Rebel Satoshi website or join the community at Telegram