TLDR
- Australia joins the rally to launch spot Bitcoins ETFs.
- Rebel Satoshi’s $RECQ gathers more bullish steam after jumping 85% thus far.
Australia has made headlines after news revealed that the Australia Securities Exchange (ASX) plans to approve spot Bitcoin (BTC) ETFs. In doing so, Australia will join the U.S. and Hong Kong, which have already greenlighted BTC ETFs. Meanwhile, Rebel Satoshi’s $RECQ has edged out top altcoins after jumping 85% and promising more presale gains.
How soon will ASX approve Bitcoin ETFs, and will $RECQ continue pumping? Let’s find out!
ASX Prepares to Approve Spot Bitcoin ETFs by Year’s End!
Following the U.S. SEC’s approval of spot Bitcoin ETFs on January 10, this new asset class has rapidly gained traction. After the U.S., Hong Kong followed suit, greenlighting Bitcoin ETFs. Now, Australia is looking to join these jurisdictions, with the Australian Securities Exchange (ASX) expected to give a nod to a spot Bitcoin ETF before the year ends.
Reportedly, ASX has received two applications for spot Bitcoin ETFs thus far, with another coming soon. One of the applications is from BetaShares, which has already reserved ASX tickers for spot Bitcoin and spot Ethereum (ETH) ETFs, indicating the company’s confidence in these top crypto coins.
Per BetaShares Head of Digital Assets, Justin Arzadon, the recent crypto inflows in the U.S. indicate a growing acceptance and longevity for the asset class. While ASX has not confirmed a specific timeframe for approving the applications, it is holding discussions with organizations interested in launching crypto ETFs.
Rebel Satoshi’s $RECQ Continues Making Waves After Surging 85%!
Rebel Satoshi, an emerging meme coin project that seeks to start a revolution that fights centralization in the crypto industry, has quickly gained popularity despite launching on November 5, 2023. Investors are flocking to Rebel Satoshi due to the rapid growth of its dual-token ecosystem.
Specifically, investors are rushing to Rebel Satoshi to buy its $RBLZ and $RECQ tokens. Notably, these tokens are the keys to access the Rebel Satoshi ecosystem, which features an NFT marketplace, an arcade, and a staking program. $RBLZ is Rebel Satoshi’s governance and membership token, while $RECQ is the base currency.
By May, $RBLZ was available on Coinstore, CoinGecko, Uniswap, and DEXTools after jumping 150% during its presale. On the other hand, $RECQ was proceeding with Stage 1 of its ongoing public presale as of May. $RECQ’s price during this round was $0.0037. This price represents an 85% jump from the Early Bird Round price of $0.0020.
When $RECQ climbs to its listing price of $0.0125, Early Bird Round investors will enjoy a 525% ROI. Meanwhile, Stage 1 investors will get a 237.84% ROI when $RECQ attains its launch price.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram
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