Spot Bitcoin ETF inflows top $1.55b; investors supporting Solana and NuggetRush
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Spot Bitcoin ETFs have attracted over $1.55 billion since Jan. 11. Solana (SOL) and NuggetRush (NUGX) are also receiving strong investor support, with $13 million added to Solana products and over 170 million NUGX sold during the presale.
Spot Bitcoin ETF inflows top $1.55 billion
A recent analysis by Crypto.com Research highlighted two advantages of spot Bitcoin ETFs – cost-effectiveness and asset diversification. As a result, there has been an increase in investor interest.Â
The report also mentioned that since Jan. 11, over $1.55 billion has been invested in spot Bitcoin ETFs. BlackRock iShares Bitcoin Trust and Grayscale Bitcoin Trust (GBTC) have had the largest inflow and outflow, respectively.
Currently, BTC is in range, trading between $42,000 and $44,000, recovering from its $38,700 lows posted on Jan. 23.
NuggetRush sells over $170 million NUGX in presale
NuggetRush has sold over 170 million NUGX in the ongoing presale.
The platform is a unique GameFi project that introduces a new concept called Impact Gaming. Notably, the goal is to extend the use of defi beyond the virtual world.Â
The game will reward its top players and artisanal miners in underdeveloped nations with a percentage of their mining payouts.
Once the project launches, its smart contracts will be renounced, giving control to the community for long-term sustainability and transparency.
Staking NUGX will be used to carry out governance operations.
In the current presale stage, NUGX is trading for $0.018.
Solana sees $13 million in inflows
Solana has recently garnered the attention of investors once again, with CoinShares reporting inflows of over $13 million for the week ending Feb. 2.
However, despite this growing support, SOL has been underperforming and capped below $100 in the past month.
SOL must reclaim this level first for buyers to take charge.
Conclusion
Investors are exploring altcoins like Solana and NuggetRush. Value-seeking investors are accumulating NUGX ahead of launch.
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