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US spot ETFs now hold more than 1.1 million BTC, surpassing Satoshi’s reserve, fueling bullish momentum in altcoin Cutoshi
US spot ETFs have accumulated over 1.1 million Bitcoin and now officially own more BTC than anonymous founder Satoshi Nakamoto. ETF companies reached this milestone one year after their creation.
This turned out to be a bullish sign for the new altcoin Cutoshi (CUTO), which follows Satoshi’s vision and walks the path paved by Bitcoin.
Bitcoin ETF Holdings Surpass Satoshi Nakamoto
Most of these BTC held by ETFs belong to BlackRock’s iShares Bitcoin Trust (IBIT), making it the largest Bitcoin exchange-traded fund with approximately 528,000 Bitcoins.
The massive acquisition of Bitcoin by these organizations illustrates the growing acceptance and reduction of regulatory pressure. Additionally, these ETFs improve accessibility for retail investors and can increase participation among investors who were previously hesitant to invest in Bitcoin.
Although this diminishes the decentralized nature of Bitcoin, increasing ETF holdings would provide more liquidity and induce more demand, ultimately driving the price higher. This change in sentiment towards cryptocurrencies would create a more inclusive environment for growing projects and thus increase their growth potential.
Cutoshi: DeFi hybrid meme coin thrives in presale
Cutoshi is the emerging hybrid altcoin that merges DeFi and meme coins to provide a unique memeFi ecosystem. It follows Bitcoin and Satoshi Nakamoto’s vision of a decentralized economy that embodies privacy, security, and monetary freedom.
Cutoshi merges the teachings of Satoshi with the spirit of the Chinese lucky cat, which inspired its meme appearance. This cat figurine is known for its lucky powers in Chinese and Japanese folklore, which is why Asians decorate their homes with it. This brings luck and prosperity to the owners.
It brought the powers of the lucky cat to the blockchain by tokenizing it as its native token, CUTO, to bring luck and wealth to your digital assets. Cutoshi aims to grow its community through the power of memes and spread mass adoption of DeFi by offering features in its ecosystem essential for a thriving decentralized economy.
The ecosystem includes a decentralized exchange, the Cutoshi DEX, a cross-chain compatible platform allowing users to trade their digital assets across various blockchains. It offers secure, private peer-to-peer trading at unrivaled speed for competitive 0.25% fees.
Additionally, Cutoshi Academy fills the knowledge gap for crypto newcomers by providing engaging learning modules that explain complex cryptography and Web3 concepts in an easily understandable manner. This allows newcomers to adapt to the DeFi economy and transition smoothly.
Earn CUTO through farming cutoshi tokens
The farming mechanism stimulates community growth and allows members to earn CUTO. Over 3,300 members practice farming by taking on the fun challenges of Cutoshi’s quest board and competing to climb the leaderboard.
The higher you rank on the leaderboard, the more rewards you receive for your continued contribution. Each member who participates will receive CUTO points for helping the community grow. After CUTO launches, they can convert these points into tokens.
Accumulate Huge Wealth with CUTO Presale
CUTO is the primary currency of the ecosystem, which is crucial as it will be used for transaction fees on the DEX and the buyback and burn mechanism. The token supply is deliberately capped at 440 million to keep the asset deflationary and increase its value over time.
CUTO is available for purchase for $0.031 during the fourth presale stage. The token has come a long way from the starting price of $0.015 in the first stage and Cutoshi has raised over $1.36 million through the presale. Early investors who got a massive ROI from the CUTO presale are now getting more to capitalize on the big surge ahead in future rounds.
For more information, visit the official Cutoshi website and join the community at X and telegram.
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