The crypto space was in frenzy mode when rumours of the U.S. Securities and Exchange Commission (SEC) approving Ishares Bitcoin (BTC) spot ETF (Exchange-Traded Fund) hit the crypto market in a post now deleted by Cointelegraph.

How did the market react to this news? The bears were in disbelief while the bulls were rejoicing as the Bitcoin (BTC) price went from $27k to over $30k within minutes. That’s one hell of a run, isn’t it?

Another token that reacted to the news is PIKA, the native token for Pikamoon. Project analysts are tipping for 100x returns in 2023. The PIKA presale witnessed an influx of buyers who were aiming to position themselves for the huge gain that awaits when the project finally launches.

What is a Bitcoin spot ETF? Why is it important for crypto? And why are top crypto analysts backing Pikamoon (PIKA) for a 100x return in 2023? These and many more will be answered as you read on.

What is a Bitcoin ETF?

To understand properly. Let’s break the term into “Bitcoin” and “ETF.” We all know what Bitcoin is, but what are ETFs?

Exchange-traded funds (ETFs) are investment vehicles designed to track specific assets or commodities. ETF in the context of cryptos (Bitcoin and others) is like a vending machine, but for cryptos.

Imagine you walk into a store, and instead of buying a whole Bitcoin (which is like purchasing a large box of chocolates), you put your money into the vending machine and get a specific amount of Bitcoin instantly. This vending machine is the ETF. It allows you to buy a piece of bitcoin without dealing with the complexities of managing the actual crypto.

Bitcoin spot ETF means Bitcoin trading on traditional exchanges in the form of shares, away from crypto exchanges. This will enable investors across all industries to participate in trading without going into the hassles of setting up a wallet and learning about crypto.

We can all see what the Bitcoin ETF would bring, right? Yes, exposure, adoption, and more liquidity, which means prices are soaring for not just Bitcoin but all crypto assets.

A lot of Bitcoin spot ETF applications have been sent to the SEC for approval, most of which are still under consideration while others have been rejected.

While we are still waiting on updates on these applications, a crypto project has been causing quite a stir in the market with its presale and future projections, which has been putting a smile on its investors’ faces.

Let’s get into details about this project.

Introducing Pikamoon (PIKA)

At the forefront of the next generation of blockchain gaming is Pikamoon, a project made for gamers and investors.

Pikamoon was introduced this year with the aim of taking gaming to the next level away from underperforming graphics and boring gameplay with its photorealistic graphics and nice game story to keep gamers glued to their screens while also rewarding them greatly for their time.

PIKA, the native token of Pikamoon, will be the incentive for rewarding users and also for purchasing in-game assets on the Pikamoon marketplace. The beauty of PIKA lies in its ability to reduce supply over time due to a deflationary mechanism imposed on it.

This mechanism ensures 0.5% of PIKA is burned forever in order to stabilise the PIKA price when it is sold or transferred. This is what made PIKA appealing to investors.

Since its introduction, Pikamoon has gained recognition from prominent figures in the crypto industry. Its potential has caught the attention of established players, who are forecasting up to 100x in returns by the end of 2023.

This recognition cements Pikamoon’s status as a top cryptocurrency to watch and invest in this year.

How do I invest? The Pikamoon (PIKA) presale is in full motion, and details are provided below.

PIKA Presale

Now in its final stage of presale, time is running out to secure your fair share of PIKA.

Currently priced at just $0.0006, this would be the lowest price you can get PIKA before it launches on crypto exchanges, because when it does, PIKA is heading towards a 100x return.

This is an opportunity you don’t want to fade and regret later.

Start your journey to financial freedom by investing in PIKA today.

Find out more about Pikamoon (PIKA):

Buy Now: https://pikamoon.io/buy

Website: https://pikamoon.io

Twitter: https://twitter.com/Pikamooncoin

Telegram: https://t.me/pikamoonofficial