The crypto community has seen how Spot Bitcoin ETsF has influenced the growth of Bitcoin (BTC) since its approval, and more is expected as investment volume has increased greatly over the months. With the recent approval of Spot Ethereum ETFs, ETH is also expected to rally, along with altcoins like ETFSwap (ETFS) linked to it.
As the second-largest cryptocurrency, ETH is expected to enjoy growths similar to that of Bitcoin after Spot Ethereum ETFs approval. For example, Bitcoin (BTC) rallied 90% in January after Bitcoin ETFs approval by the US SEC. The ETH price has also experienced a 22% surge after Spot Ethereum ETFs approval. Both pioneer cryptocurrencies are expected to have a parabolic run which will have a huge spread effect on altcoins, especially ones such as EFTSwap (EFTS) that have some ties to Spot ETF trading.
ETFSwap (ETFS) Is Riding The Wave of Spot Ethereum ETFs Approval; It Going On A Massive Run
ETFSwap is an ETF trading platform. It is a platform that allows users to swap cryptocurrencies for ETFs of various asset classes— which includes sectors like health, transportation, technology, and oil & gas. As trading platform
With a mission to be the top provider of ETF ERC-20 tokens, this tokenization platform has an ETF database that allows retail and institutional investors to trade at any volume. Following the approval of Spot Ethereum ETFs, ETFSwap (ETFS), due to its aligned offerings with ETFs has grown exponentially — selling over 200 million tokens in the first stage of presale and close to 10 million tokens in its second presale in only a few hours.
Added to the influence of Spot Ethereum ETFs approval, ETFSwap (ETFS) has features that investors need to look into. The ETFS token, as the native token of the ETFSwap ecosystem, has passive income opportunities. Token holders can passively earn up to 36% from the ETFS staking pool, up to 87% on APR yield, and monthly airdrops. As for traders who hold the token, they enjoy lower trading fees and access to ETF investment resources such as new ETF listings and ETF Tracker to monitor class asset performance.
Aside from the numerous incentives of the ETFSwap (ETFS) token, the platform itself allows futures trading strategies with up to 50x leverage. Unlike traditional ETF platforms, ETFSwap is available for 24-hour trading and comes with no management fees. Certified by CyberScope, it has gained over 10,000 users who were able to register in minutes without the need for KYC requirements.
Bitcoin (BTC) Set For Parabolic Run Months After Spot Ethereum ETFs Approval
Spot Bitcoin ETFs took off on a good note, gathering over 10 billion investments in less than one month after its approval. Many months later, flows grew significantly as institutional investors cemented cryptocurrency as a recognized ETF-class asset.
Analysts forecast a parabolic run for Bitcoin as ETF Spot as investment keeps rising significantly. In fact, a total of $1.7 billion inflow was recorded just last week. Analysts believe that if these inflows continue in such large volumes, Bitcoin (BTC) may break the current psychological level and rise into price discovery. We might see a move from the $70,000 mark to new highs.
ETH Follows In Bitcoin (BTC) Steps After Spot ETF Approval
In the week of the Spot Ethereum ETFs approval, ETH was the most talked about cryptocurrency and surged by 22% ahead of Bitcoin (BTC).
The US SEC approval of Spot Ethereum ETFs came as a surprise but also as the green light investors were expecting. Days after the positive news, the market cap of ETH went over $450 billion. The year-to-date performance of the altcoin stands at 59%, 3% higher than that of Bitcoin (BTC). The growth didn’t stop with ETH as many other altcoins also experienced an increase.
One of the top cryptocurrencies that have been positively impacted by the Spot Ethereum ETFs approval is ETFSwap (ETFS). Following the approval, it completed its first presale in record time and started the second stage of presale in high fashion.
Currently selling at $0.01831, get in now before it moves to $0.03846 in the next presale stage.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
