Massive Bitcoin ETF Inflows! Plus Wallet or Bitget – Which Wallet Is Ready to Manage It All?

October 25, 2024
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3 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

With substantial capital flowing into spot Bitcoin ETFs from institutional investors, there’s a marked increase in confidence within the digital asset space. This growing acceptance underscores the necessity of selecting a reliable crypto wallet that marries security with convenience. Bitget Wallet has captured a broad audience, yet there are emerging concerns about its reliability due to user-reported frustrations. 

Concurrently, Plus Wallet is establishing a strong presence globally, particularly among users in the US and UK, favored for its emphasis on self-custodial control and flexible cross-chain capabilities. The competition between these wallets centers on which can more effectively fulfill user needs for usability, security, and reliability. 


Spot Bitcoin ETFs Gain $459M Amid Growing Institutional Demand

Institutional interest in Bitcoin continues to swell, as evidenced by a $459 million influx into US-listed spot Bitcoin ETFs on October 16. BlackRock’s iShares Bitcoin Trust (IBIT) was a significant contributor, securing over $393 million in one day and accumulating $22.46 billion over four days, accounting for roughly 2% of Bitcoin’s $1.33 trillion market capitalization. 

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While other entities like Fidelity’s FBTC fund and ARK Invest’s ARKB experienced moderate inflows, Grayscale’s GBTC saw no change. This uptick in institutional investment reaffirms the view of Bitcoin as a sound asset class despite earlier skepticism. 

Challenges Impact Bitget Wallet’s Growth 

Bitget Wallet, a non-custodial crypto wallet, has reached impressive user engagement levels, exceeding 40 million users and nearly 6 million downloads in September 2024 alone. The wallet’s successful integration with the TON ecosystem has spurred a significant 4,886% rise in TON on-chain addresses. 

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Nonetheless, the wallet faces issues reported by users, such as frequent disconnections, app reconnection problems, and complicated wallet recovery processes. Particularly troubling are the reports of unexpected address changes after importing seed phrases, leading to lost assets and difficulties in app connectivity, casting shadows on Bitget Wallet’s reliability and overall performance consistency. 

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Why Plus Wallet is Rising in Global Favor? 

Plus Wallet’s expansion in the global market, especially in the US, UK, and emerging economies, reflects a broader trend towards wallets that empower users with self-custody of their assets.

This shift underscores a growing preference for privacy and independence from centralized platforms. 

A key feature of Plus Wallet is its cross-chain capability, enabling management of diverse cryptocurrencies on a single platform, thus eliminating the need for multiple wallets. This feature, coupled with its intuitive design, appeals to both new and experienced crypto users, simplifying the management of digital assets. 

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Plus Wallet prioritizes easy usability alongside stringent security and privacy measures. It securely stores private keys locally on the user’s device, ensuring exclusive user access to their assets. This level of security, paired with its user-friendly interface, positions Plus Wallet as a preferred choice for mobile crypto management. 

Choosing the Optimal Crypto Wallet 

The rising inflows into spot Bitcoin ETFs underscore growing trust in digital assets and emphasize the importance of dependable, user-oriented wallets. Although Bitget Wallet has seen substantial growth and integration with major blockchain ecosystems, its persistent user interface and asset recovery issues pose concerns about its reliability. 

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In contrast, Plus Wallet, with its robust cross-chain support and a firm commitment to privacy via secure, local key storage, emerges as a promising option. Its focus on user control and convenience aligns with the expanding needs of the global crypto market, contributing to its rapid growth worldwide.


Plus Wallet:

Website: https://pluswallet.app/

Download: https://onelink.to/pluswalletapp

Twitter: https://x.com/pluswalletapp

Instagram: https://www.instagram.com/pluswallet.app/

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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