Spot Bitcoin ETFs led inflows, with a big jump following Donald Trump’s election victory. Ethereum ETFs are catching up presently.
The introduction of spot Bitcoin and spot Ethereum ETFs in the United States this year has flooded the exchange-traded fund (ETF) market with large inflows. Crypto ETFs account for the top eight rankings in terms of inflows among the 740 ETFs established this year. Following Donald Trump’s victory in the 2024 US elections, inflows into BTC and Ether ETFs increased considerably in anticipation of crypto-friendly policies and intentions to establish a strategic Bitcoin reserve.
Bitcoin ETF dominate ETF launches in 2024
Nate Geraci, President of the ETF Store, emphasized the rising importance of crypto-focused exchange-traded funds (ETFs) in 2024. According to Geraci, the top eight ETF launches this year have all been focused on digital assets.
These are four Bitcoin ETFs, two Ethereum ETFs, and two ETFs that follow MicroStrategy (MSTR). This rise of crypto-related ETFs stands out in the context of approximately 740 total ETF releases in 2024. As a result, it illustrates a significant shift in the investment environment as bitcoin and cryptocurrency become more widespread.
According to the above graphic, BlackRock’s IBIT and ETHA products continue to be in high demand among investors. Nate Geraci further stated that there is a huge demand for crypto ETFs following the MSTR stock, which has achieved enormous gains in 2024 and recently joined the Nasdaq 100 index.
Strong inflows continue for Bitcoin and Ethereum ETFs
Last week, between December 23 and December 27, spot Bitcoin ETFs had a $388 million net outflow, indicating profit-taking and portfolio rebalance. However, the Fidelity ETF (FBTC) witnessed a weekly net inflow of $183 million, indicating that some investor categories continue to show interest. The entire net asset value (NAV) of Bitcoin spot ETFs is currently $106.683 billion, according to SoSo Value.
On the other side, the Bitcoin price remains under selling pressure, dipping below $94,000. Crypto market expert Ali Martinez has identified a probable bullish setup for Bitcoin (BTC), indicating a likely price bounce. However, the expert stressed that BTC’s recovery is predicated on holding its important support level of $93,000.
Unlike the Bitcoin ETF outflows last week, Crypto analyst Ali Martinez has noticed a strong optimistic attitude among Ethereum (ETH) traders on BitMEX. According to Martinez, 78.30% of traders who have open futures contracts on the platform expect Ethereum’s price to rise. During the same period, there was a net increase of $349 million. The BlackRock ETF (ETHA) and Fidelity ETF (FETH) made large contributions, with weekly net inflows of $182 million and $160 million, respectively.
The Ethereum price has also been under selling pressure, and it is presently trading at $3,400. On-chain data, on the other hand, shows that Ethereum will continue to rise in value. Crypto analyst Ali Martinez has noticed a strong optimistic attitude among Ethereum (ETH) traders on BitMEX. According to Martinez, 78.30% of traders who have open futures contracts on the platform expect Ethereum’s price to rise.
Crypto scammers use fake job interviews to enable backdoor malware attacks
A sophisticated assault is aimed at web3 experts, luring them into executing malicious malware on their PCs during phony interviews as part of a tempting offer from crypto criminals posing as recruiters.
On December 28, on-chain investigator Taylor Monahan identified a new method being used by unscrupulous actors posing as recruiters for big crypto organizations to approach targets with attractive employment offers via platforms such as LinkedIn, freelancing sites, Telegram, and others.
When the victim becomes interested, they are sent to a video interviewing platform called “Willo | Video Interviewing,” which is not harmful in nature but is intended to make the entire scam appear plausible to the victims.
As part of the process, victims are first given normal industry-related questions, such as their thoughts on major crypto trends over the coming year. These questions promote trust and make the discussion appear authentic.
However, the main attack takes place during the last question, which must be recorded on camera. When attempting to set up the video recording process, victims discover a technical problem with their microphone or camera.
This is when the true attack occurs, as the website displays harmful troubleshooting procedures disguised as a solution to the problem.
According to Monahan, if a user follows the instructions, which may include executing system-level commands according on their operating system, attackers get backdoor access to their devices.
“It allows them to do anything on your device. It’s not really general purpose stealer, it’s general purpose access. Ultimately they’ll rekt you via whatever means are required,” Monahan wrote.
Based on previous assaults, this access might enable bad actors to circumvent security measures, install malware, monitor activities, steal personal data, or drain cryptocurrency wallets without the victim’s awareness.
Monahan encouraged crypto users to avoid executing unusual programs and anyone who may have been subjected to such assaults should completely clean their devices to prevent additional compromise.
The approach differs from the typical strategies used in similar job recruiting frauds. For example, earlier this month, cybersecurity firm Cado Security Labs discovered a technique using a bogus meeting application that inserted malware, allowing attackers to empty bitcoin wallets and steal browser-stored passwords.
Similarly, last year, crypto.news reported on an incident in which scam recruiters targeted blockchain developers on Upwork, telling them to download and debug fraudulent npm packages posted on GitHub. Once run, these packages launched scripts that gave attackers remote access to victims’ devices.
How $900 in Pepe Coin and a new crypto could make you a millionaire before the bull run ends
Discover how Pepe Coin and Rexas Finance (RXS) may help investors become crypto billionaires with just $900.
With Pepe Coin (PEPE) and Rexas Finance (RXS) leading the way, the ongoing crypto bull run has sparked investor hopes for big profits. Although PEPE’s viral appeal and whale accumulation signal to millionaire-making opportunities, the development of Rexas Finance (RXS) as a utility-driven tokenization platform opens up even more possibilities. Now is the best moment to investigate their possibilities, since a $900 investment in each may turn you into a crypto billionaire before the bull run finishes.
Pepe Coin and Rexas Finance (RXS) could transform investors from $900 to crypto millionaires
Let’s look at how PEPE and RXS may help you grow your cryptocurrency portfolio from $900 to millions.
Pepe Coin (PEPE): A meme coin turning heads
Pepe Coin has proved its potential to remain in the forefront as one of the top meme currencies to purchase this year, thanks to its remarkable success. PEPE is currently trading at $0.0000182, representing a 2.39% decline in the last 24 hours, providing a chance for clever investors to buy the dip. Despite the current decrease, the frog-themed meme coin has increased by approximately 1251.61% year to date, owing to massive accumulation by whales.
Notably, Lookonchain’s investigation revealed that nine wallets recently spent approximately $14 million in total to buy 555 billion PEPE tokens. This demonstrates greater confidence in the crypto currency among major players. Though volatile, PEPE is just 33% off its all-time high of $0.00002803, set on December 9, 2024. This pattern predicts a bullish breakthrough, allowing a $900 investment to potentially turn you into a crypto billionaire before the bull market finishes.
While PEPE price increase has undeniable appeal, the arrival of a new crypto competitor has created even more market attention.
Rexas Finance (RXS): The new contender with massive potential
Rexas Finance (RXS) is developing as a transformative technology poised to disrupt the crypto industry. While Pepe Coin has received widespread notice for its viral appeal and rapid growth, Rexas Finance provides tremendous value by enabling the perfect construction and management of digital tokens that represent real-world assets (RWAs).
This idea is game-changing because it allows users to tokenize and exchange assets like real estate, commodities, and intellectual property. Texas Finance is democratizing tokenization and driving the next wave of blockchain usage.
The team’s choice to emphasize public presale fundraising above venture capital allows normal investors to engage in a business that has already raised over $33.38 million via the first public presale round.
The RWA token, priced at $0.175, is now at Stage 11 and has increased by 500% since its presale. Its listings on CoinMarketCap and CoinGecko, which are comparable to Pepe Coin’s listing techniques, help to boost its success and increase investor trust.
Market confidence and potential return
Rexas Finance (RXS) has completed critical milestones, earning a reputation and confidence from investors. The project’s successful Certik audit, the industry standard for blockchain security, ensures the platform’s integrity and safety.
Plans to list RXS on three premier exchanges demonstrate the team’s commitment to allowing a worldwide audience to use the coin. These characteristics have positioned Rexas Finance (RXS) as a project with the potential to dominate the rapidly growing real-world asset (RWA) tokenization market.
As the presale comes to a completion, market analysts predict a price rise of more than 200,000%, potentially raising RXS to $350 per token.
Buyers favoring early-stage cryptocurrencies such as RXS might turn a $900 investment at the current presale price into a multimillion-dollar portfolio before the bull run finishes. Maximizing returns in the cryptocurrency market requires diversifying investments across appealing assets as it prepares for a potential spectacular bull run. Driven by real usage and acceptance, Rexas Finance (RXS) represents the next stage of crypto development, while Pepe Coin capitalizes on meme currency momentum.
Final thoughts
Pepe Coin has shown to be a force to be reckoned with, given to its meteoric price rise and whale interest. Rexas Finance (RXS) is a compelling option for those looking to build life-changing wealth during current bull market. Its emphasis on real-world asset tokenization, presale success, and positive expectations set it apart as a possibility. With a $900 investment in either PEPE or RXS, the dream of becoming a crypto billionaire before the bull run finishes is no longer impossible. Whether it’s PEPE’s viral appeal or Rexas Finance’s (RXS) transformative capability, investors who consciously participate in both efforts have a higher chance of utilizing their respective strengths.
