Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice.
Ethereum’s spot ETF has experienced a historic influx, sparking predictions of a potential 300% price increase. As Ethereum shows bullish signs, many are wondering whether DTX, a rising ERC-20 altcoin, could follow a similar path.
DTX Exchange has gained significant attention in its presale, with strong backing and growing interest. In this article, we will explore how the surge in Ethereum’s spot ETF could influence the future of DTX and Arbitrum (ARB) whether it is poised for major growth.
Ethereum Spot ETFs Surge with $500M Inflow, Poised for More Growth
Ethereum’s spot ETFs have seen a huge influx of $500 million, with major players like BlackRock and Fidelity leading the way. This surge has driven ETH Price year-to-date net inflows to $2.2 billion, surpassing the previous record of $2 billion set in 2021, with a month still to go. The U.S. Ethereum spot ETFs have been the biggest contributors, adding ETH Price $466.5 million.
Since the U.S. election, these funds have brought in over $1.1 billion in net inflows, recovering from early losses in Grayscale’s higher-fee fund, ETHE. This brings total net inflows to ETH, which is $583.8 million, with $11 billion in assets under management.
As Ethereum’s spot ETFs experience a large influx, DTX is also preparing to offer ETF trading. DTX Exchange will allow users to trade tokenized ETFs, even in regions where traditional ETFs are unavailable. The live version of the DTX Exchange is set to launch in Q1 2025, bringing these exciting opportunities to a wider audience.
Arbitrum (ARB) Stages Strong Recovery, Eyeing Stability Above $1
Arbitrum (ARB) has been recovering after falling below $1 earlier in the week. On Friday, ARB reached a high of $1.24 before settling at $1.13. However, the price dropped over the weekend, falling 0.89% on Saturday and 0.43% on Sunday to end at $1.15. The bearish sentiment continued on Monday, causing ARB to drop more than 17%, falling below the 20-day SMA to an intraday low of $0.84. It then recovered, rising above the 20-day SMA to settle at $0.96.
On Tuesday, the selling pressure continued, pushing ARB below the 20-day SMA with a drop of just over 2%, ending the day at $0.93. Despite this, ARB bounced back on Wednesday with a 6.51% increase, rising above the 20-day SMA again to settle at $0.99.
As Arbitrum aims for stability above $1, DTX Exchange is making waves with its presale. DTX has already raised over $10.1 million and gained over 300,000 users. The platform has also demonstrated an impressive transaction speed of 100,000 transactions per second (TPS) on its testnet, showing its potential for high performance once fully launched.
DTX Exchange Set to Surge Like Ethereum: Experts Bet on Huge Growth
Just like Ethereum (ETH), DTX Exchange is expected to reach new highs. With over 300,000 wallet addresses already, experts are betting big on DTX, especially with the expected rise in Ethereum’s price after Christmas.
DTX Exchange is changing the way people trade by combining the best features of both centralized and decentralized exchanges. It offers a seamless and secure trading experience, allowing users to trade all their assets, including stocks, ETFs, forex, and cryptocurrencies, in one place.
Whether you’re looking to profit from forex market moves or leverage shifts in the NASDAQ, DTX Exchange provides a safe platform with strong liquidity to support your trading strategies. Built for the next generation of smart holders, DTX offers top-notch security, efficiency, and control.
At just $0.12 in its sixth presale round, the DTX coin has already raised over $10.19 million and attracted attention. Once it launches on multiple exchanges, DTX is set to see massive growth, with predictions of a 50x increase. The platform ensures users have full control over their funds through non-custodial storage and wallet-based trading.
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Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
