Fidelity’s FBTC revenue reaches $1B, Pullix PLX presale adds $3,89M.
Fidelity's FBTC hits $1B in revenue, second only to BlackRock's IBIT. 10 of the 11 ETFs approved received $3.4B, while Grayscale saw $2.2B in outflows. Pulix PLX token presale gains steam as trading token price rises from $0.04 to $0.08 to earn revenue.
Fidelity's FBTC spot bitcoin ETF emerged as the second to surpass $1 billion in revenue, closely followed by BlackRock's IBIT.
At the same time, Pulix, a DeFi protocol, sparked excitement with its PLX token pre-sale, which saw an impressive price increase at every stage.
Fidelity's FBTC earnings
Fidelity's FBTC has quickly gained traction in the crypto investment space, becoming the second Bitcoin ETF to reach $1 billion in revenue after BlackRock's IBIT.
According to BitMEX Research, the FBTC ETF achieved this milestone within five days of trading. The increase in inflows highlights the desire among institutional and retail investors to gain exposure to Bitcoin through regulated and mainstream financial instruments.
BitMEX research data shows the strong performance of bitcoin ETFs across the market. Fidelity's FBTC and BlackRock's IBIT came in with $1-plus inflows each, while other prominent players included Bitwise with $395.5 million, Ark Invest/21Shares with $320.9 million and Invesco with $194.9 million.
The overall positive sentiment is evident as 10 of the 11 ETFs have accumulated inflows of nearly $3.4 billion, while Grayscale is experiencing outflows of $2.2 billion.
Pullix PLX Token Presale
At the same time, Pulix, a new player in the crypto sphere, has attracted the attention of crypto traders and investors with its hybrid trading platform, which is scheduled to launch before the end of January. The platform is currently running a pre-sale for generation token PLX, and the pre-sale has seen impressive growth, with PLX prices showing significant fluctuations at every level.
Pulix's PLX token, with its innovative “trade-to-earn” method, has shown great interest. As investors enthusiastically participated in the pre-sale, the value of the token increased, reflecting the market's confidence in Pulix's unique approach to decentralized finance (DeFi).
Starting from the initial price of $0.04, the token quickly went through several levels, reaching $0.08 at the current sixth level.
The pre-sale has so far raised $3,890,284, reflecting investors' confidence in Pulix's vision of bridging decentralized and centralized exchanges to provide a comprehensive trading experience with a focus on liquidity.
Conclusion
Recent developments in the crypto market paint a vivid picture of its ever-evolving nature. Fidelity's FBTC revenue reaching $1 billion is indicative of Bitcoin's growing mainstream adoption, while Pulix's PLX pre-sale success demonstrates demand for innovative DeFi solutions.
The continued evolution of the crypto world promises exciting prospects, and investors remain on the lookout for further fundamental developments.
