While BlackRock’s Bitcoin $91,803 ETF (IBIT) is making history, Avalanche (AVAX), and Yeti Ouro (YETIO) are emerging as top choices for portfolio diversification. Investors are also seen diversifying into Avalanche and the rising utility meme coin, Yeti Ouro (YETIO) which analysts believe to be the next utility meme coin gem.
BlackRock’s Bitcoin ETF (IBIT) Achieves Record-Breaking Growth
BlackRock’s Bitcoin ETF (IBIT) has recently surged by 10B in just 1,253 days, reflecting a growing demand among institutional investors. This pushed IBIT up to now and has reached $40 billion in assets, setting a new record for the fastest-growing ETF.
According to an Analyst IBIT is “now in the top 1% of all ETFs by assets”. This remarkable achievement was highlighted by Bloomberg analyst Eric Balchunas, who in a tweet noted:
“$IBIT has hit the $40b asset mark (a mere two weeks after hitting $30b) in a record 211 days, annihilating the previous record of 1,253 days held by $IEMG. It’s now in the top 1% of all ETFs by assets and, at just 10 months old, it is bigger than all 2,800 ETFs launched in the past ten years.”
This rapid growth showcases the increasing institutional confidence in Bitcoin and the broader crypto space, bolstered by BlackRock’s reputation as the world’s largest asset manager.
Avalanche (AVAX) Sees Accumulation Despite Market Dip
Avalanche (AVAX), a popular choice among the crypto community, is currently priced at $32, with a 24-hour trading volume of $1.03 billion. Despite a 6.23% dip in the last 24 hours, AVAX remains a solid performer with a market cap of $13.2 billion.
The circulating supply stands at 407.35 million AVAX coins, out of a maximum supply of 715.75 million. According to analysts the asset is ready for a rally in the current bull market.
Yeti Ouro (YETIO): Attracting Investors With Limited 20% Bonus
Unlike traditional meme coins that rely purely on hype, Yeti Ouro offers real-world utility, blending the fun of meme culture with the earning potential of the P2E gaming space. The project is giving a limited-time 20% bonus for anyone who joins the presale between November 18th to 25th.
Yeti Ouro’s ecosystem is powered by Yeti Go, a PvP racing game that allows players to earn YETIO tokens by participating in competitive races and challenges. The Yeti Ouro team recently released a video, an exclusive behind-the-scenes of the dedicated team at work, showcasing the making of Yeti Go.
With a limited total supply of 1 billion YETIO tokens, the project uses tokenomics designed to reward both gamers and long-term holders, ensuring a steady demand for the token.
Yeti Ouro has quickly garnered a strong community, leveraging its unique utility to attract both meme coin enthusiasts and serious crypto investors. Yeti Ouro’s presale has already raised over $508k, with 40% complete in the first presale stage.
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