• BITBOT is a brand new Telegram buying and selling app that may begin pre-sale on January 17, 2024.
• Cryptocurrencies and Bitcoin ETFs are within the highlight as merchants look to alternatives.
• BITBOT holders can profit from a singular income sharing mannequin.

Final week’s crypto information headlines have been principally concerning the rollout of spot Bitcoin ETFs. Whereas the main focus will seemingly proceed to be on ETFs and the potential short-term Bitcoin value outlook, subsequent week could possibly be a giant occasion for merchants with the launch of BITBOT.

BlackRock holds 11,439 BTC amid ETF pleasure

BlackRock's IBIT Bitcoin ETF has been one of many predominant drivers driving up inflows and buying and selling volumes into spot Bitcoin ETFs since its debut on January eleventh. In line with the information, the asset supervisor's holdings elevated to 11,439 BTC in two days of buying and selling.

Eric Balchunas, senior ETF analyst at Bloomberg, agrees. share Bitcoin ETFs gained greater than $1.4 billion in new money in two days, in keeping with the information. Grayscale's GBTC recorded outflows of roughly $579 million, whereas web inflows exceeded $819 million.

In the meantime, BlackRock's IBIT led with flows of $500 million, with cumulative buying and selling quantity of $3.6 billion from 500,000 particular person trades. If the evaluation contains GBTC figures, particular person transactions quantity to 1.2 million, which is an “spectacular” feat, the analyst stated.

There are expectations that Bitcoin costs will rebound amid additional demand strain. Whereas merchants have been spooked by the sharp drop in BTC following the launch of a Bitcoin ETF, analysts imagine the market will ultimately settle for the long-term impression of ETF approval.

Because the market matures, one of many instruments merchants wish to make the most of is Bitbot.

What’s BITBOT?

Bitbot (BITBOT) is a brand new Telegram buying and selling bot that’s billed because the world's first non-custodial bot and is gaining a whole lot of consideration.

One of many key facets that differentiates Bitbot from present Telegram bots is its deal with safety and person privateness. Moreover the advantage of gaining access to institutional buying and selling instruments, the power to maintain full custody of your property is a giant issue.

Retail merchants are trying ahead to the upcoming launch of this bot, whose strong safety, powered by MPC custodial expertise and supported by the Knightsafe sensible contract pockets, is a big enchancment over present choices. That's what I feel.

Bitbot's Anti-MEV Bot and anti-rug options are additionally nice additions that may assist the Telegram buying and selling neighborhood keep away from incidents like those that hit Maestro and Unibot in 2023.

Bitbot pre-sale begins this week

Powering this platform is the native ERC-20 token BITBOT. It’s a governance token and likewise supplies entry to bespoke pockets administration and low fuel choices for buying and selling bots.

BITBOT can also be key to Bitbot's income sharing mechanism, providing holders the chance to earn a share of the income because the platform expands its utility throughout the buying and selling ecosystem.

The entire provide of BITBOT is 1 billion tokens, of which 30% will probably be accessible for public pre-sale from January 17, 2024.

Study extra about upcoming Bitbot releases.