Fintech PR
Bitcoin Price Can Hit $120,000 But Traders Pour $500,000 into Bitcoin ETF Token For 10x Explosion at Launch
NEW YORK, Nov. 13, 2023 /PRNewswire/ — The Bitcoin price predictions are rolling in, and among the most bullish is $120,000 by the end of 2024 from Standard Chartered Bank – but Bitcoin ETF Token has raised $500,000 and could gain 10x at launch.
Since Sunday, the crypto industry has been focused on the opening of an eight-day window that the US Securities and Exchange Commission (SEC) has in which to approve 12 spot Bitcoin ETFs from various issuers, including fund giants BlackRock and Fidelity.
If approval doesn’t happen then the next date is January 10, when a spot Bitcoin ETF from ARK Invest and 21Shares comes up for consideration.
Either way, the market likes what it sees, and derivative Bitcoin tokens based on the spot Bitcoin ETF investment theme, like the Bitcoin ETF Token, are set to be top-performing coins as the crypto spring sprouts new millionaires.
Bitcoin to $50,000 by year-end, Bitcoin ETF Token is the best way to play the ETF upside, raises $500k
With the FOMO building, the new Bitcoin ETF Token, in presale now, has raised $504,000 as traders increasingly see it as one of the best ways to gain exposure to the upside from the spot Bitcoin ETF theme.
Stage 2 of the Bitcoin ETF Token presale ends in less than three days, after which the price of $BTCETF rises in Stage 3 from $0.0052 to $0.0054.
There is no time to lose to buy the Bitcoin ETF Token, given the positive vibe in the market regarding ETF approvals and the halving bull cycle.
https://x.com/BTCETF_Token/status/1724073251083538868
Asia-focused global bank Standard Chartered made its prediction based on rising miner profitability. Higher free cash flow from the miners means fewer bitcoin sales will be required to cover operating expenses.
Critically for Bitcoin bulls, Standard Chartered did not factor in approving a Bitcoin ETF in its analysis, which means the $120,000 target could be revised upwards. It also means that Bitcoin ETF-themed crypto assets such as Bitcoin ETF Token will continue to be the recipient of a fast-growing pot of trader and investor funds.
Steering the bank’s bullish view is the Bitcoin block rewards halving event in April 2024, which will reduce the Bitcoin emission rate by halving block reward payments to miners from 6.25 to 3.125 BTC.
All previous halving events have triggered bull runs, and this cycle is shaping up to be no different, except this time, the bull run could be even more explosive than in previous halving cycles. Bitcoin’s all-time high price is $68,000.
The highest-valued cryptocurrency is currently trading at the $37,000 level after surging on spot Bitcoin ETF news developments, indicating a strong chance of approval in January or perhaps even sooner. In addition, BlackRock made regulatory filings for a spot Ethereum ETF last week, adding to the bullish furor in the market.
Standard Chartered’s super positive Bitcoin price prediction was made in July, and that was a revision of its previous prediction of $100,000. The bank’s analysts updated their forecast on an improved outlook for miner profitability.
The analysts’ profitability figures are based on Bitcoin achieving a price of $50,000 by the end of 2023, which is now well within the sights of bulls.
Bitcoin ETF Token is designed to benefit from a spot Bitcoin ETF approval – stake now to earn approximately 491% APY
What is so appealing about $BTCETF is how its design is linked to the milestones in the news flow and product performance of both the coin itself and the approval, as well as other news related to actual spot Bitcoin ETFs.
$BTCETF can be bought in presale today and staked to earn an annual percentage yield (APY) currently at 491%. So far, 58 million $BTCETF tokens have been deposited into the staking smart contract to date – a jump of 93% in the past three days.
Because the APY is calculated dynamically, it varies in relation to the amount staked. Also, each wallet address receives rewards in proportion to the amount of the staking pool owned.
Rewards are paid in $BTCETF over a five-year period. Each ETH block produced generates a reward of 119 $BTCETF.
$BTCETF burns are triggered by real-world events affecting spot Bitcoin ETFs and coin performance
Bitcoin ETF Token is deflationary – it has a price-supporting burn mechanism because it reduces the total token supply.
At launch, the Bitcoin ETF Token will have a 5% burn on all transactions, while up to 25% of the total token supply is eligible to be burned.
All the burn mechanism events are triggered by real-world events related to spot Bitcoin ETF milestones, such as the first approval and launch dates, among other things.
There are also triggers related to the performance of the $BTCETF token. For example, when the trading volume of $BTCETF hits $100 million, the transaction tax is reduced from 5% to 4%. Other milestones include the approval date of the first spot Bitcoin ETF, at which point the sales tax is reduced from 4% to 3%
Austin Hilton, a YouTube analyst with 235,000 subscribers, is a $BTCETF fan. He informs his audience that $BTCETF is “like nothing you have ever seen” as he encourages his viewers to find out more.
Grayscale Bitcoin Trust’s narrowing discount speaks to a bullish future for Bitcoin funds and $BTCETF
The nearest thing to an ETF in the US market is the Grayscale Bitcoin Trust. It is, however, a close-ended fund, meaning it has a fixed share structure and the price moves up and down in relation to supply and demand. As such, this means the asset can trade above (premium) and below (discount) its net asset value (the value of the Bitcoin it holds for its investors).
Over the past couple of months, the discount of GBTC has continued to narrow, so as of Friday it sits at -10.35%. In July the discount was in excess of -40%.
Grayscale recently won a court case in which the judge found that the SEC was at fault in rejecting Grayscale’s request to convert the trust into an ETF. The narrowing discount is indicative of the bullish sentiment in the market as institutional buyers load up.
Having said that, not everyone is buying. Cathie Wood’s actively managed ARK New Generation Internet ETF (ARKW) sold 201,047 shares of GBTC, amounting to 0.4591% of the ETF.
Around 9% of ARKW is held in GBTC but ARK Invest has a spot Bitcoin ETF fund awaiting approval at the SEC and is presumably reducing its GBTC holding as part of its preparation for a reallocation of resources.
Wood’s trading is indicative of how smart money is on the move and provides yet another explanation for why traders are looking to Bitcoin ETF Token.
$BTCETF helps users gain exposure to an investment opportunity worth billions of dollars
Returning to Bitcoin mining economics, it is important to appreciate that the Standard Chartered analysis cited above was conducted before consideration of the latest ETF-inspired excitement in the market or the impact it is having on prices across the crypto complex. A spot Bitcoin ETF is expected to unlock an inflow of billions of dollars coming into the crypto space.
For instance, financial advisers and pension fund managers who, for due diligence and regulatory reasons, may have been barred from investing clients’ funds in Bitcoin or Ethereum, will, post-approval, have a regulated route into the asset class.
But there’s no need to wait for an ETF to be launched. Users can position their crypto portfolio now by buying Bitcoin ETF Token, so they are ready to grab the profits as the news flow generates more price upside.
And it is not just a short-term story users will be benefiting from. The impact of a spot ETF could be comparable to the impact of the first gold-based ETFs which were the first ETFs to be launched.
Spot crypto ETFs can take digital assets into the financial mainstream and that is a billions of dollars opportunity users don’t want to miss. $BTCETF staging and burning locks in ETF-driven value for the long term.
Website: http://btcetftoken.com
Social Channels: Twitter | Telegram Community
Presale stages:
|
Phase |
Token Price |
Amount of Tokens |
USD Value |
|
Stage 1 Price |
$0.00500000 |
84,000,000 |
$420,000 |
|
Stage 2 Price |
$0.00520000 |
84,000,000 |
$436,800 |
|
Stage 3 Price |
$0.00540000 |
84,000,000 |
$453,600 |
|
Stage 4 Price |
$0.00560000 |
84,000,000 |
$470,400 |
|
Stage 5 Price |
$0.00580000 |
84,000,000 |
$487,200 |
|
Stage 6 Price |
$0.00600000 |
84,000,000 |
$504,000 |
|
Stage 7 Price |
$0.00620000 |
84,000,000 |
$520,800 |
|
Stage 8 Price |
$0.00640000 |
84,000,000 |
$537,600 |
|
Stage 9 Price |
$0.00660000 |
84,000,000 |
$554,400 |
|
Stage 10 Price |
$0.00680000 |
84,000,000 |
$571,200 |
- Hard Cap – $4,956,000
- Total Supply – 2,100,000,000
- Ethereum
- ERC-20
- $BTCETF
Photo: https://mma.prnewswire.com/media/2275071/Bitcoin_ETF_500k.jpg
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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
The following files are available for download:
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Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
|
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EQT AB Group |
View original content:https://www.prnewswire.co.uk/news-releases/invitation-to-presentation-of-eqt-abs-q1-announcement-2024-302109147.html
- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
Photo – https://mma.prnewswire.com/media/2380039/Photo_1__2024_CEO_Investor_Day.jpg
PDF – https://mma.prnewswire.com/media/2380040/Press_Release__2024_Kia_CEO_Investor_Day_240405.pdf
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/kia-presents-roadmap-to-lead-global-electrification-era-through-evs-hevs-and-pbvs-302109142.html
VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
Logo – https://mma.prnewswire.com/media/1430981/BIOVAXYS_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/biovaxys-technology-corp-provides-bi-weekly-mcto-status-update-302108920.html
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