The US Securities and Exchange Commission (SEC) has continued to delay its decision on the S-1 filings for the Spot Ethereum ETFs, with recent developments showing that the SEC doesn’t plan to approve them until sometime after July 8. Crypto investors have remained undeterred by this development and see it as an opportunity to accumulate more ETFSwap (ETFS) before its price skyrockets after the Spot Ethereum ETFs launch.
SEC Delays Decision On Spot Ethereum ETFs S-1 Filing
Nate Geraci, the President of the ETF Store, recently cited sources that revealed that the SEC had delayed its decision on the Spot Etherem ETFs’ S-1 filing. Instead of approving these funds, the SEC made more comments on the S-1 filings and informed fund issuers that they have until July 8 to file their amended S-1s for their respective Spot Ethereum ETFs.
These sources also mentioned that there might be an additional round of S-1 filings after this one. However, the Spot Ethereum ETF issuers remain optimistic that the SEC will approve these funds by mid-July. They mentioned that the back-and-forth with the SEC has remained constructive, suggesting that the regulator isn’t acting ill-intently by withholding its decision on these Spot Ethereum ETFs.
In line with the mid-July timeline, Geraci predicted that the Spot Ethereum ETFs could “theoretically” launch the week of July 15. This is based on the belief that the SEC would approve the Spot Ethereum ETFs after the next round of amendments, which could come following the July 8 deadline. Bloomberg analyst James Seyffart also shared a similar sentiment, predicting that the Spot Ethereum ETFs could launch the week of July 15.
Crypto Investors Are Using This Opportunity To Accumulate More ETFSwap (ETFS)
While the SEC delays its decision on the Spot Ethereum ETFs, crypto investors are using this opportunity to accumulate more ETFSwap (ETFS) tokens. These tokens will be used to access the tokenized Spot Ethereum ETFs and other crypto ETFs on the ETFSwap trading platform when these funds launch.
Crypto investors have also been accumulating more ETFS because ETFSwap’s beta platform is expected to launch soon enough. The decentralized finance (DeFi) platform will witness an influx of users looking for an easier and more secure way to invest in exchange-traded funds (ETFs).
The decentralised platform enables permissionless ETF trading, whereby investors invest in ETFs without needing authorization from financial institutions or third-party systems like brokers. ETFSwap’s (ETFS) Know-Your-Customer (KYC) requirements are no-mandatory, allowing users to access these ETFs in seconds, unlike when using centralized trading platforms.
The trading platform boasts other exciting features. Its user-friendly interface allows users to convert their ETF holdings to cryptocurrencies and vice versa using the ETFSwap (ETFS) token. Investors can also convert the ETFS token to various commodities like gold, rubber, silver, and crude oil, among others.
The DeFi platform has also introduced futures trading for ETFs, meaning that users bet on the future price of an ETF without owning it and make significant returns from such trades. Additionally, the trading platform’s perpetual trading services allow users to hold derivative contracts without an expiration.
ETFSwap (ETFS) plans to launch its own ETF in 2025, allowing investors to maximze their gains at the peak of this bull run. It is also worth mentioning that users on the trading platform can also stake their ETFSwap (ETFS) tokens and other crypto assets to earn juicy staking rewards. Those who stake their ETFS tokens can earn up to 75% annual percentage yield (APY).
Conclusion On Buying ETFSwap (ETFS) At This Discounted Price
Crypto investors who have yet to buy the ETFSwap (ETFS) token need to hurry if they intend not to miss out on the crypto token while it sells at a discounted price of $0.0183. Given the crypto token’s role in ETFSwap’s financial revolution, ETFs could easily witness unprecedented growth once the bull kicks into full gear.
For more information about the ETFS Crypto Presale: