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After a decade-long wait for the approval of U.S. traded spot Bitcoin ETFs, Vanguard investors were disappointed to learn that the platform will not allow the trading of the much-coveted assets. Meanwhile, $GFOX has emerged as the top ICO of 2024, and the best cryptocurrency to buy in Q1 2024.
$GFOX: The Best ICO Crypto Of 2024
As a crypto investor, you know that the best way to make passive income with crypto is to buy the coin before it launches officially. This way, you get the coin at the lowest possible price, sometimes with massive discounts, and are perfectly positioned for the boom that usually follows exchange listing.
If you want to make a small crypto fortune in 2024 and beyond, then $GFOX is your best choice. Since the coin is only in stage 7 of its presale, it is going for a measly $0.00198. This makes $GFOX the best cheap crypto to buy.
However, the price of $GFOX keeps increasing with each presale stage. This means that the earlier you get in the more the profits you make. With three stages to go before the close of the presale, you can still make lots of profit if you join the presale now.
Additionally, $GFOX is set to remain the best cryptocurrency to buy once it launches. According to market analysts, $GFOX is perfectly positioned to become a 10x coin, giving investors a significant return on their investment. The coin is expected to skyrocket upon listing on major exchanges.
The token burn feature is also expected to contribute to the growth of $GFOX’s value in the market. This feature removes a portion of the $GFOX tokens in circulation, creating a deflationary aspect to the coin. As more people join the Galaxy Fox ecosystem, the number of $GFOX tokens reduces, creating a scarce supply when compared to demand. This increases the inherent value of $GFOX, making it a top investment choice.
Vanguard Has No Plans to Offer Spot Bitcoin ETFs
Vanguard, one of the largest asset managers on the planet, has no plans of launching a spot Bitcoin ETF or allowing its clients to trade the newly approved Bitcoin ETFs.
On Thursday, clients were eager to purchase their first Bitcoin ETFs after the SEC approved them on Wednesday. However, some people took to X to complain about their financial institutions not offering the new asset class. Any attempts to purchase a BlackRock’s iSHare Bitcoin Trust or a Grayscale Bitcoin Trust through Vanguard was met with a “trade cannot be completed warning”
Speaking to Coinbase, a Vanguard representative said that the company has no plans of launching an ETF of its own or allowing the trade of other Bitcoin ETFs or any other crypto products. According to the representative, Bitcoin ETFs and cryptocurrency products do not align with Vanguard’s offer which focuses on such assets as equities, bonds, and cash.
Vanguard’s decision was met with a lot of frustration from buyers who could not wait to lay their hands on the newly approved assets. Some investors went as far as to transfer their entire investment accounts to Vanguard competitors such as Fidelity so they could trade Bitcoin ETFs.
Final Word
As investors wait to see whether leading asset managers like Vanguard will change their minds on allowing the trading of spot bitcoin ETFs, the market is shifting its focus to $GFOX, and the Galaxy Fox ecosystem. The coin is poised for 100X gains, making it the best cryptocurrency to buy for investors looking for massive profits.
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