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BlackRock’s ETFs Outperform Grayscale’s as Bitcoin Dogs Prepares to List on Three Exchanges
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BlackRock’s ETFs Outperform Grayscale’s as Bitcoin Dogs Prepares to List on Three Exchanges

BlackRock’s ETFs Outperform Grayscale’s as Bitcoin Dogs Prepares to List on Three Exchanges

Key Points

  • BlackRock’s Bitcoin and Ether ETFs manage more than $21 billion in assets, surpassing longtime leader Grayscale.
  • Bitcoin Dogs will list on three major exchanges on Wednesday after raising over $13 million during a pre-sale.

BlackRock Becomes the King of Crypto ETFs

BlackRock, the world’s largest asset management firm, has also become a leader in the digital asset space. According to blockchain intelligence firm Arkham, BlackRock’s digital asset exchange-traded funds have surpassed Grayscale’s in terms of total assets under management.

The firm’s IBIT (spot Bitcoin) and ETHA (spot Ethereum) now manage $21.6 billion in assets, which is more than the $21.3 billion held by Grayscale’s four funds: GBTC, BTC Mini, ETHE and ETH mini.

This is because Grayscale’s GBTC has mainly recorded capital outflows since January, while BlackRock’s IBIT has attracted capital inflows from investors.

What is Bitcoin Dogs?

BlackRock’s growing popularity in the digital asset market indicates that more institutional investors are taking positions in the ecosystem and looking for new projects to support.

Bitcoin Dogs is one of the promising projects that are currently in the early stages. The project aims to leverage the growth of the Bitcoin blockchain in recent years. It will provide users with utility and is the first BRC-20 token ICO on the Bitcoin network.

The team explained that Bitcoin Dogs would ensure that investors can enjoy interesting value propositions as they combine the core features of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture.

The pre-sale concluded a few weeks ago, with over $13 million raised in the process. The team is now focused on listing the tokens on exchanges as they roll out their products.

One of the main products of Bitcoin Dogs is the launch of the largest NFT coin on the Bitcoin network. The developers want the Bitcoin network to compete with other leading smart contract blockchains such as Ethereum, Solana, and BNBChain.

Bitcoin Dogs prepares for listing on three major crypto exchanges

The Bitcoin Dogs presale ended a few weeks ago and the project raised almost $13.5 million. According to the information on the website, only 900 million $0DOG tokens were minted.

Investors will gain access to an exclusive NFT collection and an immersive gaming ecosystem.

After the pre-sale ends, $0DOG will be listed on three Tier-1 crypto exchanges within three days. It will go live on Gate.io, Mexc and Unisat on August 21st at 11:00 UTC.

Listing on these Tier-1 exchanges could make $0DOG available to millions of investors and traders worldwide.

Click here for more information about the recently concluded Bitcoin Dogs presale.

Should You Buy Bitcoin Dogs Token On These Exchanges?

Now that the presale is over, Bitcoin Dogs are only available to investors on crypto exchanges. Starting Wednesday, investors can buy $0DOG on the aforementioned crypto exchanges.

The decision to invest in Bitcoin Dogs remains that of the investor. In addition to those three, the team is preparing to list $0DOG on various crypto exchanges, giving millions of investors access to the project.

The cryptocurrency market has been volatile over the past few months and could continue to be so for the rest of the year. But with the Bull Run still in sight, Bitcoin Dogs could be one of the best performers in the months and years ahead.