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Cryptocurrency News Articles
Bitcoin ETFs From BlackRock and Fidelity Captivate the Investment World, DigiHorse Targets the NFT Gaming Market
Oct 09, 2024 at 08:00 pm
The rapid rise of Bitcoin-focused exchange-traded funds (ETFs) from BlackRock and Fidelity has captivated the investment world.
As Bitcoin-focused exchange-traded funds (ETFs) from BlackRock and Fidelity continue to captivate the investment world, two funds in particular have ascended to the top 10 ranks of the decade.
Launched in early 2024, both ETFs have seen a rapid uptake, reflecting the growing mainstream acceptance of digital assets.
BlackRock’s iShares Bitcoin Trust ETF (IBIT), which debuted in January, has seen explosive growth, amassing $23.2 billion in total assets. This puts it in fourth place among all ETFs launched since 2020, trailing only a few legacy funds like JPMorgan’s Equity Premium Income ETF (JEPI).
Meanwhile, Fidelity’s Wise Origin Bitcoin ETF (FBTC) is not far behind, with $11 billion in assets under management, securing its position in the top 10.
These milestones highlight the increasing demand for cryptocurrency investment products in the broader financial markets.
Despite being a relatively new offering, Bitcoin ETFs have quickly joined the ranks of well-established funds from traditional financial players. While JEPI still leads the pack with $35 billion in assets, BlackRock’s IBIT is rapidly closing the gap.
On the other hand, DigiHorse (DIGI) is setting its sights on disrupting the NFT gaming market.
As the world’s first blockchain-powered NFT horse racing platform, DigiHorse allows users to buy, breed, and race unique digital horses within a play-to-earn ecosystem.
Currently, DigiHorse is in the fourth phase of its presale. It has raised $649,536.16 in under two months, with a presale price of $0.008571. Early adopters are expected to see returns of over 21 times their initial investment.
With the growing gaming and digital ownership markets, DigiHorse is well-positioned to capitalize on this trend by merging blockchain technology with gaming. The DIGI token is vital to the DigiHorse economy. It will launch on multiple exchanges, promising strong potential returns for early investors.
The project’s blend of NFT ownership, gamified earning opportunities, and strong community focus sets it apart as one of the most exciting blockchain projects in crypto.
Essentially, as traditional financial giants like BlackRock embrace Bitcoin, savvy investors are also eyeing DigiHorse as a potential disruptor in the rapidly expanding NFT and play-to-earn gaming markets.
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