Galaxy

Bitcoin ETF

Bitcoin

Spot

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Investors are awaiting the approval of spot Bitcoin ETFs in the U.S. However, a recent survey by Bitwise Asset Management shows that only 39% of financial advisers believe it will come through in 2024. As a result, investors are turning to Galaxy Fox (<a target="_blank" href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=crypto.news&amp;utm_content=54" rel="noopener noreferrer nofollow">GFOX</a>) to diversify their portfolios.
<h2 class="wp-block-heading" id="strong-spot-bitcoin-etf-poll-strong">Spot Bitcoin ETF poll</h2>
According to a recent <a href="https://crypto.news/bitwise-spot-etf-competition-200-million-seed-fund/" data-type="post" data-id="14232876" rel="noopener noreferrer nofollow">Bitwise</a> poll, fewer than half of advisers expect a Bitcoin ETF to be approved in 2024.&nbsp;
Meanwhile, Bloomberg ETF analysts say there is a 90% chance of clearance in January 2024.
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This difference in opinion between financial professionals and the general public could result in short-term volatility and crypto prices falling.
<h2 class="wp-block-heading" id="investors-exploring-gfox">Investors exploring GFOX</h2>
Bitcoin’s response to the ETF ruling and its impact on the cryptocurrency market is a topic of interest in mainstream media.&nbsp;
A Bitwise study suggests that advisers do not expect a spot bitcoin ETF until 2024, leading investors to turn towards tokens like&nbsp;<a target="_blank" href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=crypto.news&amp;utm_content=54" rel="noopener noreferrer nofollow">Galaxy Fox</a>&nbsp;and its token, GFOX.&nbsp;
The Galaxy Fox ecosystem includes a web3 endless runner game where players earn GFOX based on their in-game skills.&nbsp;
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Rewards are given to the top 20% of players each season and are supported by a prize pool powered in part by 50% of in-game item purchases.&nbsp;
The platform will also release 3,000 exclusive NFTs, including Galaxy Fox ecosystem characters, in the ongoing presale.&nbsp;
A token burn mechanism and deflationary strategy will make GFOX more scarce, possibly supporting prices.&nbsp;
The staking program is supported by 2% of GFOX transactions. As expected, the more a user stakes, the more the payout.&nbsp;
<h2 class="wp-block-heading" id="conclusion">Conclusion&nbsp;</h2>
Despite uncertainties around Bitcoin ETF approval, investors are still banking on Galaxy. Stage 6 of the GFOX presale is underway, with over 90% of tokens sold and participants receiving a 15% discount.
Read more: <a href="https://crypto.news/polkadot-holders-shifting-attention-to-gamefi-coins-including-galaxy-fox/" rel="noopener noreferrer nofollow"> Polkadot holders shifting attention to GameFi Coins, including Galaxy Fox </a>
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Bitwise poll on spot Bitcoin ETF shows doubt; investors consider Galaxy Fox presale

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