Key takeaways
- U.S. spot ETFs added $89 million to their balance sheets on Thursday, marking their 10th consecutive day of net inflows.
- The Bitcoin Pepe presale has raised over $5.6 million and will soon exit the eighth stage.
Spot Bitcoin ETFs attract more investments
Spot bitcoin exchange-traded funds in the U.S. continue to attract more investments as demand for the leading cryptocurrency grows. Data obtained from SoSoValue revealed that the Bitcoin ETFs had a total daily net inflow of $89 million on Thursday, marking their tenth consecutive day of net inflows.
Fidelity’s FBTC and BlackRock’s IBIT led the way, with inflows of $97.14 million and $4 million, respectively.
What is Bitcoin Pepe?
The increasing demand for BTC via spot Bitcoin ETFs is a healthy sign for the broader cryptocurrency market. New projects continue to attract investment to build new and better products.
Bitcoin Pepe is a project currently in its presale and is raising funds to develop its products and services. The team is set to launch an L2 network on the Bitcoin blockchain to enable users to leverage Bitcoin’s liquidity to trade memecoins.
Introducing memecoins to the Bitcoin ecosystem could revolutionise how users interact with the blockchain. The L2 will use Bitcoin’s position in the market to introduce memecoins to its ecosystem.
Bitcoin Pepe focuses on becoming home to memecoin activities within the Bitcoin ecosystem. It is also the first meme initial coin offering (ICO) on the Bitcoin blockchain. This unique position enables it to fuse BTC’s security with the unstoppable force of memecoins.
Bitcoin Pepe presale approaching $6m
The Bitcoin Pepe presale is moving through stages at lightning speed. It is currently in its eighth stage, having raised over $5.6 million in the past few weeks. Interest in this project can be attributed to its unique value proposition.
Its native $BPEP token can be easily purchased via the Bitcoin Pepe website. Investors can buy the tokens using a few cryptocurrencies, including ETH, USDT, USDC, BNB, and SOL.
$BPEP goes for $0.0295 in this stage and is set to increase to $0.031 once the ninth stage commences. Before the token hits exchanges, early investors would have recorded nearly 300% in ROI.
What does Bitcoin Pepe bring to the Bitcoin blockchain?
The Bitcoin blockchain is home to over $1 trillion in liquidity, making it the largest cryptocurrency by market cap. It also houses NFTs like Ordinals and various DeFi protocols.
However, memecoins are yet to become relevant on the Bitcoin blockchain as they are on Solana and Ethereum. Bitcoin Pepe wants to change this narrative by introducing memecoin trading on the Bitcoin network.
The Bitcoin Pepe L2 network will enable developers to launch memecoins on the Bitcoin blockchain. This network will also empower developers with the necessary tools to migrate their memes from other blockchains to the Bitcoin blockchain. By migrating to the Bitcoin blockchain, investors and users will enjoy maximum security and liquidity.
Why buy $BPEP now?
The Bitcoin Pepe presale is moving fast, and prices could not be as low as they are now. Hence, investors could take advantage of this discount to invest in the project. The presale is currently in its eighth stage, with 22 stages to go.
$BPEP will power the Bitcoin Pepe ecosystem and could rally higher thanks to its utility. The token will list on centralised and decentralised exchanges once the presale ends in the coming weeks.
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