The post BTC Hits New Highs Amid ETF Inflows—Bitcoin Dogs Offers Ideal Beta Trade appeared on BitcoinEthereumNews.com.

The aftermath of Trump’s victory continues to fuel Bitcoin bullishness, with Bitcoin hitting new all-time highs. Healthy Bitcoin ETF inflows have accompanied this, and as the OG crypto blossoms, one altcoin, in particular, is perfectly positioned as the Bitcoin beta trade to outperform BTC this year and next. As the first-ever ICO on the Bitcoin blockchain, Bitcoin Dogs benefits from the trust, security, and overall bullishness that Bitcoin offers. Plus, as a low-cap altcoin, those investing in 0DOG today have a shot at the kind of parabolic gains that early BTC investors were treated to thanks to BTC’s low market cap 10+ years ago. BlackRock’s ETF experiences $1 billion inflows Bitcoin ETFs are some of the most successful in history. IBIT, a sector-leading ETF from BlackRock, has recently seen its biggest volume day ever and has recently smashed past $1 billion in daily inflows. The last time this figure was hit was back in January when IBIT was first launched.  Coupled with this success are the ever-increasing Bitcoin all-time highs, which, yesterday, topped out at $76,943. This surge came on the back of another announcement from the Federal Reserve that it would be slashing interest rates: a 25 basis point cut is upon us. With cuts being both a gift to the BTC price and global liquidity—in turn pumping the cryptosphere further—the BTC-adjacent Bitcoin Dogs is ideally placed to benefit from such activity. Bitcoin Dogs: The BTC beta trade that could outshine the market Bitcoin Dogs is a BTC-native meme coin, soft pegged to BTC’s price since it’s built on the Bitcoin blockchain. Having capitalized on its status as the first-ever Bitcoin ICO, raising over $13 million in the process after just 30 days, its 0DOG coin has miles of room to run as this cycle enters full banana zone. …

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Filed under: News - @ November 9, 2024 6:27 am