Crypto fund inflows hit 2-year high; Bitcoin whales explore new crypto AI altcoin
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The frenzy surrounding the anticipated bull market peaked in late November as crypto fund inflows hit two-year highs. $346 million were recorded in net inflows, the largest since the last bull market in 2021. Amidst this, Bitcoin (BTC) and Ethereum (ETH) reached price levels last seen in 2022.
Optimism around the approval of crypto spot ETF products can be linked to the current market upswing and surge in crypto investment funds. Meanwhile, Bitcoin whales have been eyeing a new crypto AI altcoin, InQubeta (QUBE).
This post will cover the rising crypto fund inflows and the factors fueling their rise. Further, it will explore the growing interest in InQubeta.
InQubeta draws Bitcoin whales
The recent interest from Bitcoin whales has helped to drive participation in the InQubeta presale, with over $6.7 million raised to date. Standing at the intersection of AI and blockchain, this project is hailed for its forward-thinking approach.
It seeks to solve a critical problem in the novel and fast-rising AI market: fundraising. This has been the cause of the rise in presale participation, with investors hoping to ride its bullish wave.
InQubeta aims to address the fundraising challenge in the AI sector by becoming the first crypto crowdfunding platform. Through this approach, startups will source funds by minting investment opportunities as equity-based NFTs, which will be offered to investors.
Their purchases will result in fundraising for startups, with investors receiving stakes in AI ventures in exchange.
This project is in the sixth stage of its presale, and a token is priced at just $0.01925.
Crypto funds inflow at a 2-year high
The crypto market has recently shown a positive trend. Notably, crypto fund inflows have hit two-year highs, with a recorded $346 million in net inflows.
This rise can be attributed to the anticipation of approval of a spot ETF for Bitcoin and Ethereum, leading asset managers to add to their crypto holdings.
The total value of assets under management (AUM) on crypto investment funds has also increased to a one-and-a-half-year high of $45.3 billion.
The increase in crypto inflows has led to renewed optimism and confidence in the market, with investors and spectators wondering if we are starting a new cycle.
The improving sentiment in the crypto investment market is nearing levels last seen at the peak of the last bull run.
With an imminent bull market comeback, Bitcoin and Ethereum are expected to lead the rally.
Conclusion
The rise in crypto fund inflows suggests that the bull market could be incoming. Accordingly, investors can consider Bitcoin, Ethereum, and InQubeta.
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