The crypto market recently rebounded, with Bitcoin (BTC) crossing the $66,000 level and Ethereum (ETH) reaching the $3,500 mark due to crypto whales rallying to buy the dip. Spot Bitcoin ETFs also recorded an all-time high in yearly netflows, spurring more investors to invest in ETFswap (ETFS), a crypto ETF platform that revolutionizes the ETF landscape. This article will discuss how Spot Bitcoin ETFs hit a new all-time high and why investors are moving into the ETFswap (ETFS) ecosystem.
Spot Bitcoin ETFs Hit New All-Time High
A recent report by Bloomberg ETF analyst Eric Balchunas shows that Spot Bitcoin exchange-traded funds (ETFs) have hit an all-time high of over $16 billion in yearly net flows due to an increase in crypto whale activity. Initially, Eric and another renowned ETF analyst, James Seyffart, had predicted that spot Bitcoin ETFs would reach a yearly netflow of $15 billion within a year.
However, the yearly netflow surged past this level in six months despite a slow momentum in June 2024. Shortly after the surge in value, nine Spot Bitcoin ETFs’ issuers increased their Bitcoin (BTC) holdings by 5,383 BTC, worth over $340 million, according to data from Lookonchain. BlackRock is at the forefront of this massive Bitcoin (BTC) purchase, buying 1,844 BTC, in turn increasing its total Bitcoin (BTC) holdings to 318,120 BTC.
Interestingly, Bitcoin ETFs also saw their fifth most significant weekly inflow of $1.35 billion last week, according to information by Coinshares, indicating that the overall sentiment is bullish. However, Eric, in an X (formerly Twitter) post, stated that Bitcoin ETFs are in a two-step forward and one-step backward mode due to their low performance in June 2024.
ETFSwap (ETFS) Surges Past $1 Million In Presale
ETFswap (ETFS) is a crypto ETF trading platform that offers users the unique option of trading tokenized exchange-traded funds (ETFs) on a Web3 marketplace. The Tokenized ETFs will enable traders to invest in crypto-related ETFs, such as spot Bitcoin ETFs and all other types, at an affordable rate.
However, to gain access to the tokenized ETFs, users must purchase ETFS, the platform’s native token, which will unlock all network features. Currently, ETFswap (ETFS) is offering ETFS at a pocket-friendly price of $0.01831 per coin in its ongoing presale event. The unique opportunities ETFS provides have made many, including crypto whales, rush to get a piece of the token in this current round; as a result, over 70 million tokens have been sold.
Furthermore, aside from allowing users to trade tokenized ETFs, token holders will gain exclusive trading opportunities, early access to new ETF listings, and voting rights to participate in the network governance. Also, all who buy ETFS now will make an automatic profit on their purchase when the token increases to $0.03846 in the coming round. Further, ETFswap (ETFS) boasts a mouth-watering annual percentage rate of over 87% on staking, which can serve as passive income for all users who choose to stake their tokens on the platform pool.
As a cherry on top, all investors who enter into the ETFswap (ETFS) can be assured of their investments’ security as SolidProof, a smart contract security auditing firm, has verified the ETFswap (ETFS) team. Further, ETFswap (ETFS) has employed a DeFi protocol zero-knowledge proofs to ensure the privacy of its users by enabling anonymous transactions.
Conclusion
The surge in yearly netflow for spot Bitcoin ETFs had a positive effect on ETFswap (ETFS), which surged past $1 million in its ongoing presale. However, there is more to come, as experts speculate that ETFS will explode to $3, increasing by over 20,000%, giving all early investors a 200x yield on their investments.
Further, ETFswap (ETFS) intends to launch a beta version of its platform in less than 30 days and to launch its ETF by 2025. Now is the best time to buy ETFS; interestingly, all who buy now will get a 50% bonus. Don’t delay buying ETFS today!
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