The approval of spot Bitcoin ETFs by US regulators on January 10, 2024, yielded good results for Bitcoin (BTC) as it recorded a new all-time high of about $73,000.
However, the reverse was the case for ETH, which has struggled with market volatility following the approval of Spot Ethereum ETFs by the United States Security and Exchange Commission in May 2024.
Some experts, therefore, believe that Spot Ethereum ETFs could cause more harm than good to ETH, but they are confident in the success of a Spot Ethereum ETF token ETFswap (ETFS). Let’s discuss why
ETFSwap Breeds Unique Ecosystem For Trading ETFs
ETFswap (ETFS) is a unique crypto ETF trading platform that introduces the option of trading tokenized exchange-traded funds (ETFs) on the blockchain. Introducing ETFs on-chain ETFswap (ETFS) has solved two important problems related to trading ETFs ever since their integration into the crypto industry, which are convertibility and availability.
Traditional ETFs can not be converted to crypto assets and are limited to specific trading hours; tokenized ETFs on-chain will be available for trading at all times on a Web3 marketplace. Further, the tokenized ETFs will be convertible to crypto assets and vice versa.
Also, ETFswap (ETFs) will allow new users to start trading just a few minutes after registration by eliminating KYC requirements common in centralized trading institutions. ETFswap (ETFS) traders can increase their earnings with up to 50x leverage on the platform derivatives trading.
With the fractional ownership feature, users can also boost and amplify their portfolios. However, only users who hold the platform’s native token ETFS will gain access to trade tokenized spot Ethereum ETFs and other ETFs; they will also gain voting rights that will allow them to influence the decisions made regarding network governance.
As added perks, token holders will receive exclusive trading and investment offers, early access to new ETF listings, and up to 87% annual percentage rate when they stake their tokens on the platform pool. Therefore, the ETFswap (ETFS) ecosystem is the best place to be if you are interested in trading tokenized ETFs and getting a superb trading experience.
Is The Spot Ethereum ETFs Killing ETH?
Spot Ethereum ETFs are currently one of the hot topics in the crypto industry. Several experts weigh in on the effects Spot Ethereum ETFs products will have on ETH, one of which is Andrew Kang, Cofounder of Mechanism Cap. Andrew, in an X (formerly Twitter) post, speculated that Spot Ethereum ETFs could drive the price of ETH to as low as $2,400, pining his speculation on the lack of institutional interest in ETH compared to Bitcoin (BTC).
Kang believes there needs to be more incentives for investors to convert their ETH into spot ETFs. The influx of ETH into the crypto ETF landscape is expected to bring just 15% of what Bitcoin ETFs have realized. This means that Spot Ethereum ETFs are expected to bring in $840 million in inflows in six months, whereas spot Bitcoin ETFs garnered $5 billion in inflows within the same timeframe.
Kang, however, also indicated that the bearish thesis on ETH could be reversed if Bitcoin (BTC) surges to $100,000 by Q4 of 2024 or early 2025. According to data from Coingecko, ETH currently trades at $3,385 and ranks second in the crypto market.
ETFswap Presale Takes Off Amidst Spot Ethereum ETF Launch
ETFswap (ETFS), compared to ETH, has received a bullish thesis from experts as it continues to rally in its ongoing presale, offering ETFS at a low price of $0.01831 per coin. Investors are rushing to participate in this round as its price will soon increase to $0.03846, and when that happens, they will have made an automatic profit on their investments.
Further, experts like Kang are confident that ETFS will surge to $3 after launch, giving all early investors over 200x yield on their investments. To be among the early investors who will make 200x yield, buy ETFS today!
For more information about the ETFS Presale: