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$2,319.27 -4.6507
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$538.05 -1.1977
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Solana
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$134.88 -7.37686
Solana price
XRP
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$0.518158 -10.85838
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Shiba Inu
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$0.0000158 -4.88339
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Pepe
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$0.0000087 -10.12352
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Bonk
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$0.0000205 -10.58054
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Bitcoin
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$60,233.00 -1.35603
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Ethereum
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$2,319.27 -4.6507
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BNB
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$538.05 -1.1977
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Solana
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$134.88 -7.37686
Solana price
XRP
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$0.518158 -10.85838
XRP price
Shiba Inu
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$0.0000158 -4.88339
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Pepe
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$0.0000087 -10.12352
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Bonk
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$0.0000205 -10.58054
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Bitcoin
Bitcoin (BTC)
$60,233.00 -1.35603
Bitcoin price
Ethereum
Ethereum (ETH)
$2,319.27 -4.6507
Ethereum price
BNB
BNB (BNB)
$538.05 -1.1977
BNB price
Solana
Solana (SOL)
$134.88 -7.37686
Solana price
XRP
XRP (XRP)
$0.518158 -10.85838
XRP price
Shiba Inu
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$0.0000158 -4.88339
Shiba Inu price
Pepe
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$0.0000087 -10.12352
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Bonk
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$0.0000205 -10.58054
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Bitwise poll on spot Bitcoin ETF shows doubt; investors consider Galaxy Fox presale

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Bitwise poll on spot Bitcoin ETF shows doubt; investors consider Galaxy Fox presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Investors are awaiting the approval of spot Bitcoin ETFs in the U.S. However, a recent survey by Bitwise Asset Management shows that only 39% of financial advisers believe it will come through in 2024. As a result, investors are turning to Galaxy Fox (GFOX) to diversify their portfolios.

Spot Bitcoin ETF poll

According to a recent Bitwise poll, fewer than half of advisers expect a Bitcoin ETF to be approved in 2024. 

Meanwhile, Bloomberg ETF analysts say there is a 90% chance of clearance in January 2024.

This difference in opinion between financial professionals and the general public could result in short-term volatility and crypto prices falling.

Investors exploring GFOX

Bitcoin’s response to the ETF ruling and its impact on the cryptocurrency market is a topic of interest in mainstream media. 

A Bitwise study suggests that advisers do not expect a spot bitcoin ETF until 2024, leading investors to turn towards tokens like Galaxy Fox and its token, GFOX. 

The Galaxy Fox ecosystem includes a web3 endless runner game where players earn GFOX based on their in-game skills. 

Rewards are given to the top 20% of players each season and are supported by a prize pool powered in part by 50% of in-game item purchases. 

The platform will also release 3,000 exclusive NFTs, including Galaxy Fox ecosystem characters, in the ongoing presale. 

A token burn mechanism and deflationary strategy will make GFOX more scarce, possibly supporting prices. 

The staking program is supported by 2% of GFOX transactions. As expected, the more a user stakes, the more the payout. 

Conclusion 

Despite uncertainties around Bitcoin ETF approval, investors are still banking on Galaxy. Stage 6 of the GFOX presale is underway, with over 90% of tokens sold and participants receiving a 15% discount.

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