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US spot ETF now holds 1.1M+ BTC, surpassing Satoshi's stash, fueling bullish momentum for altcoin Cutoshi
A US spot ETF has accumulated more than 1.1 million Bitcoins and now officially has more BTC than its anonymous founder Satoshi Nakamoto. The ETF companies have achieved this milestone within a year of their inception.
This has been a bullish sign for the new altcoin Cutoshi (CUTO)which follows the vision of Satoshi and walks in the paved path of Bitcoin.
The exchange rate of Bitcoin ETFs to gold is going up against Satoshi Nakamoto
Most of these BTC which belongs to ETFs with BlackRock's iShares Bitcoin Trust (IBIT), making it the most important Bitcoin exchange-traded fund with approximately 528,000 Bitcoins.
The large acquisition of Bitcoin by these groups reflects the increased acceptance and reduction of regulatory pressure. In addition, these ETFs improve access to retail investors and can increase participation from investors who were reluctant to invest in Bitcoin earlier.
Although it reduces the decentralized nature of Bitcoin, the growing ETF holdings would provide more liquidity and more demand, ultimately driving up the price. This shift in sentiment towards cryptocurrencies would provide a more inclusive environment for emerging projects and thus increase their growth potential.
Cutoshi: Hybrid DeFi meme coin succeeds in presale
Kutshi the emerging hybrid altcoin that combines DeFi and meme coins to provide a unique memeFi ecosystem. It follows Bitcoin and Satoshi Nakamoto's vision of a decentralized economy that includes privacy, security and monetary freedom.
Cutoshi combines Satoshi's teachings with the spirit of the Chinese Lucky Cat, which inspired his meme side. This cat figure is known for its lucky powers in Chinese and Japanese folklore, so Asian people decorate it in their homes. It brings good luck and wealth to the owners.
He has given the powers of the lucky cat to the blockchain by marking it as its native token, CUTO, to bring good luck and prosperity to your digital assets. Cutoshi aims to grow its community through the power of memes and spread the mass adoption of DeFi by offering capabilities in its ecosystem necessary for a successful decentralized economy.
The ecosystem includes a decentralized exchange, the Cutoshi DEX, a blockchain-compatible platform that allows users to exchange their digital assets across multiple blockchains. It offers secure and private peer-to-peer swaps at an unmatched speed for a competitive fee of 0.25%.
In addition, Cutoshi Academy closes the knowledge gap for crypto newcomers by providing engaging learning modules that explain complex crypto and web3 concepts in an easy-to-understand manner. This allows newcomers to adapt to the DeFi economy and transition smoothly.
Earn CUTO by farming cutoshi tokens
The farming equipment promotes community growth and allows members to earn CUTO. More than 3,300 members are cultivating by completing the fun challenges on the Cutoshi quest board and competing for promotion on the leaderboard.
The higher one is on the leader board, the more rewards one receives for continued giving. All participating members will receive CUTO points to help the community grow. After CUTO is launched, they can convert these points into tokens.
Accumulate huge wealth through CUTO pre-sale
CUTO is the main currency of the ecosystem, which is critical because it will be used for transaction fees on the DEX and the buyback and burn mechanism. The token supply is intentionally capped at 440 million to keep the asset accurate and increase its value over time.
CUTO is available for purchase for $0.031 in presale phase four. The token has come a long way from the starting price of $0.015 in phase one and Cutoshi has raised over $1.36 million with the pre-sale. The early investors who got a huge ROI from the CUTO presale are now getting more to take advantage of the upcoming boom in other rounds.
For more information, visit the Cutoshi official website and join the community on it X and Telegram.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any action related to the company.
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