To look at non-convertible and InQubeta altcoins; Invesco and Galaxy slash pay in Spot Bitcoin ETF competition
The competition between asset managers continues to heat up after the SEC's decision on Bitcoin ETFs and the start of the market on January 11. In partnership with Galaxy Asset Management, Invesco has launched Galaxy Bitcoin ETF (BTCO), a global ETF provider. This move was intended to provide efficient exposure to bitcoin exposure—a different approach to other bitcoin ETF issuers.
In order to gain a bigger share of the Bitcoin ETF market and climb the ladder – currently ranked 6th – Invesco and Galaxy said on Monday that they are cutting their sponsorship fees. The fund's fee is reduced from 0.39% to 0.25%, which puts it on par with many competitors.
At the same time, altcoins sharing the spotlight are Immutable (IMX) and InQubeta (QUBE). These top altcoins are thanks to their incredible upside potential. When the sky is ready to roll, these are the best cryptos to buy now and play altcoins not to miss.
InQubeta (QUBE): Aimed at post-launch surgery
Incubeta (QUBE) is one of the new ICOs that is quickly gaining the trust of investors. For starters, standing at the intersection of AI and blockchain, it is one of the biggest narratives. Additionally, other token features such as deflationary tokenomics, governance and staking make it more prominent.
In view of the above, the results of advance sales are not surprising. So far, a $10 million fundraising milestone has been seen next and a staggering $8.6 million has been raised in pre-funding. At the seventh stage of the ICO, the price of one token is only $0.0224, and analysts point to a 6,000% rally after the launch.
Positioned as the best new crypto to invest in, other appeals of InQubeta include the role it is designed to play. It primarily aims to address the fundraising challenge in the growing AI sector. To this end, it will build the first crowdfunding platform that will allow tech startups to raise funds via crypto on the NFT marketplace.
Invesco and Galaxy reduce Bitcoin ETF fees
Spot Bitcoin ETFs continue to be the talk of the financial town—they're not likely to go back any time soon. Investor Sentiment Post BTC ETFs are also rising as the market rises, with asset managers vying for a significant slice.
The most exciting news is that Invesco and Galaxy have decided to cut sponsor fees on their Bitcoin ETF, BTCO. On Monday, they announced a reduction in their fund's fees from 0.39% to 0.25%, which puts BTCO on par with most of its competitors.
This move came on the back of a desire to gain a competitive edge. Currently, the spot Bitcoin ETF market is dominated by BlackRock, Grayscale, and Fidelity, with Invesco and Galaxy ETF products taking the 6th spot. Therefore, this new rate could push BTCO higher as it currently boasts a trading volume of around $280 million and assets under management (AUM).
Immutable (IMX): A strong altcoin to watch out for
Immutable (IMX) is the first layer-2 measurement solution for NFTs on Ethereum. It has thus carved out a niche and become a pioneer in the ever-changing crypto landscape. As a layer-2 scaling solution, it addresses Ethereum's limitations, low scalability and poor user experience, among others.
One of its competitive advantages is the high volume and zero gas fees for issuing and trading NFTs. Amazingly, it does this without compromising property or user safety. With this in mind, immutability is primed for massive adoption and staggering growth.
Given the above, it is clear why it is one of the altcoins that will see significant growth. So, if you want to position yourself for tangible profits, IMX is one of the best altcoins to invest in.
Summary
Invesco and Galaxy have decided to lower their Bitcoin ETF fees from 0.39% to 0.25% as the competition heats up.
Meanwhile, aiming to skyrocket are Invert and InQubeta, making them altcoins to watch and investor favorites.
For more information about the InQubeta presale, visit the InQubeta Presale or join the InQubeta Communities.
