Key takeaways

BlackRock’s Bitcoin and Ether ETFs have over $21 billion in assets under management, surpassing longtime leader Grayscale. Bitcoin Dogs is set to list on three major exchanges on Wednesday after raising over $13 million during its presale.

BlackRock becomes the king of crypto ETFs BlackRock, the largest asset management firm in the world, has also become the leader in the digital assets space. According to blockchain intelligence firm Arkham, BlackRock’s digital asset exchange-traded funds have surpassed those offered by Grayscale in terms of total assets under management. The firm’s IBIT (spot Bitcoin) and ETHA (spot Ethereum) now have $21.6 billion in assets under management, surpassing the $21.3 billion held by Grayscale’s four funds: GBTC, BTC Mini, ETHE, and ETH mini. This comes as Grayscale’s GBTC has mostly recorded outflows since January, while BlackRock’s IBIT has attracted inflows from investors.  What is Bitcoin Dogs? BlackRock’s growing popularity in the digital assets space indicates that more institutional investors are taking up positions in the ecosystem and are looking at new projects to back.  Bitcoin Dogs is one of the promising projects currently in its early stages. The project seeks to leverage the growth of the Bitcoin blockchain in recent years. It will provide utility to users and is the first BRC-20 token ICO on the Bitcoin network. The team explained that Bitcoin Dogs would ensure that investors enjoy exciting value propositions as they combine the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. The presale was concluded a few weeks ago, with more than $13 million raised during the process. The team is now focusing on listing the tokens on exchanges while rolling out their products.  One of Bitcoin Dogs’ primary products is the launch of the biggest NFT mint on the Bitcoin network. The developers want the Bitcoin network to compete with other leading smart contracts blockchains like Ethereum, Solana, and BNBChain. 

Bitcoin Dogs prepares to list on three major crypto exchanges The Bitcoin Dogs presale was concluded a few weeks ago, and the project raised nearly $13.5 million. According to the information on its website, only 900 million $0DOG tokens were minted.  Investors would be granted access to an exclusive NFT collection and an immersive gaming ecosystem. Following the end of its presale, $0DOG will be listed on three Tier-1 crypto exchanges in three days. It will go live on Gate.io, Mexc, and Unisat on August 21st at 11 AM UTC. Listing on these Tier-1 exchanges could see $0DOG become available to millions of investors and traders globally.  Click here to learn more about the recently concluded Bitcoin Dogs presale. Should you buy the Bitcoin Dogs token on these exchanges? With the presale now over, Bitcoin Dogs will only be available to investors on cryptocurrency exchanges. Starting from Wednesday, investors can buy $0DOG from the above-mentioned crypto exchanges.  However, 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 several crypto exchanges, allowing millions of investors to access the project.  The cryptocurrency market has been choppy in recent months and could continue in that manner for the remainder of the year. However, with the Bull Run still in sight, Bitcoin Dogs could be one of the top performers in the coming months and years.

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Cryptocurrency prices were on edge on Saturday, continuing a consolidation pattern that has been going on in the past few weeks. Bitcoin was trading at $59,000 on Saturday, where it has been stuck this week. Other cryptocurrencies like Cardano, Solana, and BNB tokens have also wavered as the industry has had no major news. Bitcoin Dogs listing ahead The next major thing to watch in the cryptocurrency industry will be Bitcoin Dog’s exchange listing after what the developers have said was a difficult phase.  Bitcoin Dogs is a new cryptocurrency that completed one of the most successful token sales this year as the developers raised over $13 million.  Its fame happened because it styled itself as the first initial coin offering (ICO) on the Bitcoin network. In a recent statement, the developers noted that the coin will now list officially on August 21st. Initially, it will list on three exchanges, including Gate.io, MEXC, and Unisat. Other decentralized and centralized exchanges are expected to list the token. Analysts are optimistic that the token will do well after listing because of its strong fundamentals. In addition to having a cool name, the developers have a good roadmap to create value for the holders.  For example, they plan to launch an NFT collection with 10,000 NFTs that people can buy, hold, and even trade easily. They also plan to create a Bitcoin Dogs Club Marketplace that will charge a modest fee of 0.5%. These fees will flow back to Bitcoin Dog holders.  Bitcoin Dogs outlook We believe that the Bitcoin Dogs token will have some short-term volatility after getting listed in major exchanges. This is a normal part of the process since many holders tend to sell their tokens after listing.  Also, the volatility will happen because of the current state of the market where most coins are falling. Bitcoin has failed to move above the important point at $60,000 while the market cap of all tokens have moved downwards. In the long term, however, the Bitcoin Dogs token price will likely continue doing well since it faces numerous catalysts. First, there are signs that the Federal Reserve will start cutting interest rates in September since the US economy is softening. In most cases, cryptocurrencies tend to do well when the Fed is cutting rates. Second, Bitcoin Dogs is a highly popular cryptocurrency since it raised over $13 million in just a month. This means that the token might have significant hype as we have seen with other meme coins like Pepe and Bonk. Third, Bitcoin Dogs could benefit as Bitcoin moves from the current accumulation phase to a rebound. Remember, the monthly chart shows that Bitcoin has formed a cup and handle chart pattern on the monthly chart. In most cases, this pattern leads to more upside. You can learn more about Bitcoin Dogs here.

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