Recent data from Farside, a crypto ETF analytics platform, suggests investors are turning away from the BlackRock Bitcoin ETF. For the first time this year, BlackRock iShares Bitcoin Trust (IBIT) recorded no daily inflows on April 24 and 25.
Notably, BlackRock’s Bitcoin ETF inflows approached the $500 million mark in the second week of April. While that was an impressive feat, the figures quickly dwindled. Last week, BlackRock iShares Bitcoin Trust could only manage a net inflow of $57.6 million, with a $0 inflow on Wednesday and Thursday.
This decline in daily inflows for BlackRock’s Bitcoin ETF could be due to the adoption of ETFSwap (ETFS), a decentralized crypto ETF platform with enhanced features.
Why Investors Are Turning To ETFSwap (ETFS) Over BlackRock
Although BlackRock plays a significant role as a crypto ETF platform, it has some limitations that ETFSwap (ETFS) has in checks. Firstly, BlackRock is much more centralized. While centralization is not entirely negative, modern investors prefer having total control of their funds. ETFSwap (ETFS) has created a platform to put investors in control of their assets by harnessing the power of blockchain technology.
Further, the ETFSwap (ETFS) platform is a smart contract-driven product. This ensures that users avoid paying management fees to intermediaries, thus saving costs in the long run. Users can also efficiently swap from cryptocurrencies to ETF products within the twinkling of an eye. This enhanced trading experience has contributed to the platform’s massive growth in the past few months.
Notably, while investors are still bullish on ETF products in 2024, retail and institutional traders place a higher value on decentralized platforms with greater flexibility. Currently, ETFSwap (ETFS) is the only decentralized crypto ETF platform, making it the best Exchange-Traded Funds (ETF) platform for Web3-inclined investors.
ETFSwap – The Best Crypto ETF Platform
ETFSwap (ETFS) has been recognized by many in the crypto community as the leading crypto ETF trading platform. Despite being relatively new compared to other centralized ETF platforms, ETFSwap (ETFS) has multiple features that make ETF investing seamless.
One notable feature that makes ETFSwap (ETFS) stand out is its fractionalized investing. One of the platform’s goals is to make cryptocurrencies and exchange-traded funds more accessible, enabling financial inclusion globally. ETFSwap (ETFS) is well on track to achieve this as retail and institutional investors with limited access to funds can gain exposure to ETFs.
Additionally, users have uninterrupted access to investment opportunities on the platform. While most ETF platforms enable investments only on working days, ETFSwap (ETFS) users can access the markets 24 hours any day, including weekends.
ETFSwap (ETFS) offers cryptocurrency spot and futures ETFs with real-time data, enabling users to monitor asset performance. Users also have access to leveraged ETFs, allowing investors to maximize their position sizes to earn higher returns. Further, the platform gives users access to commodity ETFs and fixed-income ETFs. Through tokenization, investors can seamlessly gain exposure to gold, silver, bonds, treasuries, and agricultural products.
ETFS Investors Anticipate 10-100X Gains From The First Presale
The native token of the ETFSwap (ETFS) platform is ETFS. Interestingly, the token’s utility and fundamental value have left investors rushing to buy into its presale. Around $200,000 has already been raised from the first presale stage, with over 32 million ETFS tokens sold.
With a solid team and community behind the project and a thriving blockchain ecosystem, investors have projected 10-100X gains in the coming months. It is also worth noting that ETFSwap (ETFS) hit its private fundraising target of $750,000 in just three days.
40% of the token’s supply has been reserved for the presale, 24% for the ecosystem, and 12% for liquidity and listing reserves. The presale is set to end in the next five days, and its available supply will steadily get exhausted as more investors accumulate the ETFS token.
For more information about the ETFS Presale: