The post BlackRock’s Bitcoin ETF Application Prefers Cash-Only Redemptions; Filecoin & InQubeta Could Surpass 100% Increase appeared on BitcoinEthereumNews.com.

The recent pushback by the US Securities and Exchange Commission (SEC) over Bitcoin (BTC) Exchange-Traded Funds (ETFs) has prompted BlackRock to rethink its strategy. The investment management firm said it will now be allowing cash-only redemptions with its Bitcoin ETF. A filing shows that BlackRock tweaked its proposal to pave the way for cash-only redemptions. The move comes after the SEC indicated its preference for cash models rather than the in-kind ones.  Amidst the excitement around crypto ETFs, two cryptocurrencies that are ruling the market are InQubeta (QUBE) and Filecoin (FILE). The two tokens posted bullish movements after analysts predicted that they could grow by 100% in the coming months.  Filecoin has created an impact as a decentralized storage marketplace, and InQubeta has topped cryptocurrency ICO lists with its presale growth. The platform helps startups find funding for their artificial intelligence-based projects. Its presale funding recently crossed $7.5 million. InQubeta: Unleashing the full potential of AI startups For startups in need of funds, InQubeta is a resourceful platform. It assists these companies in ending their fundraising worries. The investors who connect with these enterprises get to be a part of an AI-led revolution.  Its native cryptocurrency is known as the QUBE token and is powered by the ERC-20 standard.  It has received praise from all corners due to its versatile framework. Analysts believe that the QUBE token can do away with crypto users’ anxiousness about what cryptos to buy now.  The platform offers a staking service where QUBE token holders agree to lock their assets and earn crypto rewards. These locked tokens aid the blockchain’s development and create a conducive investment environment. The staking rewards are distributed from a pool that’s financed by on-chain tax collections.  The QUBE token has a deflationary model which acts as a shield for returns…

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Filed under: News - @ December 27, 2023 4:10 am