United States spot Bitcoin ETFs have hit a new milestone as their total BTC holdings have now surpassed Satoshi Nakamoto’s untouched stash. These ETFs hold, between all, 1.1 million BTC, which is about 5.2% of Bitcoin’s whole 21 million supply. This is a monumental milestone, and industry watchers are now expecting Ethereum ETFs to tow a similar path and further boost the institutional adoption of cryptocurrencies.
They’re also discussing what this means for Lunex Network, a brand new crypto coin that is turning heads.
What does this mean for Lunex Network?
The explosion of Bitcoin and Ethereum spot ETFs ushered a fresh inflow of funds into cryptocurrencies. They bolstered crypto adoption and also drew attention to little known projects that are punching above their weight.
Lunex Network falls into this category of crypto tokens. A new crypto presale that powers a hybrid exchange, it promises to revolutionize how digital assets are swapped and is soaring higher with each new day.
Its interoperability ability makes sure that anyone can exchange crypto tokens across over 40 different blockchain networks, which is quite rare in the crypto space. Lunex transactions are also fast, cheap, and the platform is easy to use for newbies and crypto veterans alike.
In essence, Lunex is set to revolutionize the decentralized finance landscape. That is why its presale has amassed approximately $5.2 million from investors even though it launched a couple of months ago. Trillions of LNEX have been sold and at an attractive entry price of $0.0044, the presale is billed to sell out in no time.
Bitcoin ETFs hit record high
Satoshi Nakamoto used to be known as the biggest single holder of BTC with his massive stash. This just changed with the phenomenal growth of US spot Bitcoin ETFs. These ETFs also have more BTC than Microstrategy, one of the largest corporate BTC holders as well as Binance, the biggest crypto exchange in the world.
The mind blowing fact is that US spot Bitcoin ETFs are not even a year old yet. If they could amass this impressive BTC haul in less than a year, how many BTC will they hold in 2 or 3 years?
Can Ethereum spot ETFs rival Bitcoin spot ETFs?
Ethereum spot ETFs were approved by the SEC last July. This is just about 6 months after BTC spot ETFs were okayed by the same agency. But they’ve also witnessed an amazing inflow of funds since that time.
While Bitcoin ETFs hit $112 billion in net assets, the total assets under management for ETH ETFs stand at $13.6 billion. There’s a big gap between the two of them but it’s not impossible for Ethereum spot ETFs to catch up. There’s a limit to how many BTCs one can accumulate and ETH is way more affordable than BTC.
Don’t miss out on the Lunex boom
As long as institutional investors keep accumulating BTC and ETH, crypto adoption is only going to keep improving. This exposure is going to spread to Lunex given its fundamentals and potential to grow. That is why experts have enumerated a 1,800% increase for the new crypto token before its presale concludes. No savvy investor would want to miss out on that.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
