The cryptocurrency market is seeing an increase in institutional demand for Bitcoin ETFs, with over $3 billion in net inflows reported last week. BlackRock’s $IBIT ETF is leading the charge. As a result, Bitcoin has rallied 7%, with many altcoins experiencing even larger gains. Investors are looking at promising options like Virtuals Protocol, Best Wallet Token, Ethereum, and Walrus for potential growth.
Fast Summary
Bitcoin Exchange-Traded Funds (ETFs) are surging, with institutional demand hitting a new peak, contributing to more than $3 billion in net inflows last week. BlackRock’s $IBIT ETF was notably the best-performing one. As Bitcoin climbs by 7%, altcoins are seeing even larger gains, with some suggestions on promising crypto investments like Virtuals Protocol and Walrus.
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In recent news, the world of cryptocurrency has been buzzing with the surge in Exchange-Traded Funds. Specifically, institutional demand is really on the rise. ETF analyst Eric Balchunas reported that net inflows for Bitcoin ETFs exceeded $3 billion just last week. He termed this surge a “Bitcoin bender,” indicating just how rapidly investments are flowing in with BlackRock’s $IBIT ETF taking the spotlight as the top performer last Wednesday.
Michael Saylor, the CEO of Strategy, weighed in as well. He speculated that the momentum for $IBIT could mean it becomes the biggest ETF globally within a decade. This rising institutional interest is, of course, impacting the entire cryptocurrency market. Bitcoin itself has seen a rally, rising 7% over the past week, and a whopping 12 of the top 100 cryptocurrencies have surged more than 30%.
So, with altcoins soaring alongside Bitcoin, what should investors be looking at? We’ve identified a few standout choices. First on the list is Virtuals Protocol. This platform, it’s an AI agent launchpad that allows users to create and deploy agents using text prompts. It caters to both newbies and seasoned AI engineers, making it quite accessible. Users can deploy a custom agent for just 100 $VIRTUALS tokens, and there are teams with specialist skills also involved.
Interestingly, the ecosystem is heating up with multiple “genesis launches” in the pipeline. These launches will cover a variety of use cases; take VRUFF, for staking and rewards, and RWAI, designed as a research tool for traders. The potential is massive. A couple of agents picking up traction could see $VIRTUALS shoot up significantly.
Next up is Best Wallet Token, rising in popularity as crypto prices rally. When prices are high, media attention spikes, drawing in new users, and Best Wallet’s functionality positions it as a go-to option. This multipurpose wallet supports over 60 blockchains such as Bitcoin, Ethereum, and more—almost any network will find support here.
Moreover, it has a range of built-in features like a presale aggregator and cross-chain DEX, while also undertaking a presale that has raised $11.8 million to date. The token $BEST brings value through trading fee reductions, better staking yields, governance rights, and exclusive offers from partner projects, making it a compelling investment.
Moving on to Ethereum. Despite being the second-largest cryptocurrency, $ETH hasn’t quite kept up with Bitcoin’s momentum this cycle. This underperformance stems from scalability problems and the shift to layer 2 networks, which, while speeding up transactions and lowering fees, hurt Ethereum’s revenue and, frankly, coin utility.
Currently, efforts are underway to improve Ethereum’s settings. One notable proposition is increasing the gas limit, which may raise transactions per second from a modest 12 to a staggering 2,000. If this proposal catches on, it could restore some of the activity back to Ethereum’s main chain, spurring more interest.
Lastly, we must talk about Walrus. This new project has burst onto the scene, evidenced by a 17% increase today and a remarkable 47% rise this week, making it one of the top gainers in the crypto landscape. So, what do they do? Walrus allows the storage of data on-chain, whether it’s a song or critical medical records. In today’s world, data is indeed the new oil.
Walrus aims to provide a secure, transparent way to manage on-chain data. It’s leading to novel applications across industries. For instance, they recently teamed up with Itheum to democratize data tokenization, which could see musicians or homeowners monetising their assets through tokenized forms. Much like Virtuals Protocol and Best Wallet, Walrus is part of a wave of innovation that tends to lead to significant gains.
Disclaimer:
This article is a Press Release provided by a third party. Always do your own research before engaging with the content or investing.
