Bitwise Local Bitcoin ETF Survey Shows Doubts; Investors are considering a pre-sale of Galaxy Fox
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Investors await approval of spot Bitcoin ETFs in the US. However, a recent survey by Bitwise Asset Management shows that only 39% of financial advisors believe this will be the case in 2024. As a result, investors are turning to Galaxy Fox (GFOX). to diversify their portfolios.
Spot Bitcoin ETF Survey
According to a recent Bitwise survey, less than half of advisors expect a Bitcoin ETF to be approved in 2024.
Meanwhile, ETF analysts at Bloomberg believe there is a 90% chance of a release in January 2024.
This disagreement between financial experts and the general public could lead to short-term volatility and falling crypto prices.
Investors are exploring GFOX
Bitcoin's reaction to the ETF ruling and its impact on the cryptocurrency market is a topic of interest in the mainstream media.
A Bitwise study suggests that advisors don't expect a spot Bitcoin ETF until 2024, leading investors to turn to tokens like Galaxy Fox and its token GFOX.
The Galaxy Fox ecosystem includes a Web3 endless runner game where players earn GFOX based on their in-game skills.
Rewards will be awarded to the top 20% of players each season and will be supported by a prize pool consisting in part of 50% of items purchased in-game.
The platform will also release 3,000 exclusive NFTs in the ongoing presale, including characters from the Galaxy Fox ecosystem.
A token burn mechanism and deflation strategy will make GFOX more scarce and potentially support prices.
The staking program is supported by 2% of GFOX transactions. As expected, the more a user wagers, the higher the payout.
Diploma
Despite the uncertainties surrounding Bitcoin ETF approval, investors are still betting on Galaxy. Phase 6 of the GFOX presale is underway, with over 90% of tokens sold and participants receiving a 15% discount.
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