Bitcoin ETF Token has just hit its $2 million presale milestone as the Bitcoin price also surges. Both cryptos have gained significant momentum recently as the excitement surrounding the upcoming ETFs grows.
Investors can buy the $BTCETF token presale for $0.0006, but this will incrementally increase throughout the presale. It is in stage six of ten, but its current round ends in just over one day.
Presale buyers can begin staking their tokens immediately to compound their investment. The current staking APY is 119%. However, this will decrease as the staking pool grows, meaning those looking to maximize their portfolio should act fast.
$BTCETF is an ERC-20 cryptocurrency on the Ethereum blockchain. Because it is undergoing a presale, investors can buy it from the project’s website, paying with ETH, USDT, or bank card.
Bitcoin ETF Token offers an unprecedented use case, rewarding holders as Bitcoin ETFs are approved.
Analysts Predict $BTCETF Could 10X as BlackRock Nears ETF Approval
Countless analysts and media outlets have rallied behind $BTCETF as the pending Bitcoin ETFs seem more and more likely to gain approval.
Over the past day, BlackRock has adjusted its Bitcoin ETF structure to align with the SEC’s terms. This occurred just days after meeting with the SEC to discuss the approvals.
Given BlackRock is the world’s largest asset manager, currently boasting $9.4 trillion in assets under management, its efforts have not gone unnoticed.
Experts predict significant liquidity inflows of up to $1 trillion into crypto should the ETFs be approved. As such, analysts expect the Bitcoin ETF Token price to surge significantly.
YouTuber Austin Hilton above described it as “like nothing you have ever seen,” referencing the project’s novel and high-potential use case.
Top media outlets are also backing Bitcoin ETF Token. Some of its features include sites like Cointelegraph, Crypto News, Yahoo Finance, and Investing.com.
Deflationary Mechanism Will Induce Scarcity When Hype Is Highest
Bitcoin ETF Token boasts two unique burning features that will reduce its total supply, creating a sense of scarcity that bolsters its price potential. The first mechanism is a 25% allocation of its total supply to be burned across five key Bitcoin ETF milestones.
This will occur when Bitcoin euphoria is at its highest, potentially luring investors as fear of missing out (FOMO) kicks in.
Meanwhile, it has a 5% burn tax on transactions. This will reduce by 1% at each milestone, incentivizing buyers to hold their tokens longer and increasing the likelihood of an explosive initial exchange offering (IEO).
As seen with Bitcoin and its four-yearly halving, scarcity can often act as a significant demand driver that increases an asset’s price.
Staking, Bitcoin News, and Social Metrics Hint to Long-Term Potential
On top of its deflationary mechanism, Bitcoin ETF Token boasts a staking feature, rewarding holding for locking up their tokens and further inducing scarcity. As mentioned, they can currently yield a 119% APY but must act quickly as this decreases as more tokens are staked.
The project has allocated 25% of its total supply to staking rewards, which will be distributed to its community over a five-year vesting schedule.
Another factor hinting at long-term potential is the project’s vibrant social media and website news feed. Despite only launching three weeks ago, it has already garnered 2.9k Twitter (X) followers and 3.6k Telegram subscribers.
It regularly updates the community with the latest Bitcoin news, and users can also browse recent updates on its website. The team pulls the newest commentary from around the web into one dashboard, making it effortless to understand the crypto landscape.
Time Is Running Out to Buy Bitcoin ETF Token Presale
The $BTCETF presale has raised over $2 million in three weeks and has a hard cap of $4,956,000. Once it reaches its goal, the token will launch on exchanges, and its price will be determined by supply and demand.
Given $BTCETF’s early success and the unprecedented Bitcoin ETF hype, the presale will likely hit its target very soon.
The next round will begin in just over one day, with its price increasing from $0.006 to $0.0062. There will then be three more rounds, with the last priced at $0.0068. With this in mind, potential investors should act now to secure the most upside potential.