Following the approval of both ETF products, many in the crypto community are beginning to eye the approval of other crypto-related ETFs, and recently, a petition for one of such products, which is SHIB ETF by the Shiba Inu community, has reached 10,000 signatures.
As the desire for other crypto-related ETFs continues to grow among crypto community members, the price of a Bitcoin ETF token ETFswap (ETFS) has soared in its ongoing presale.
Exchange-traded funds (ETFs) have become a common phenomenon in the blockchain industry since several governmental regulatory bodies, including the US Securities and Exchange Commission (SEC), have approved Spot Ethereum ETFs and Bitcoin ETFs.
ETFSwap (ETFS) Reshapes ETFs With Blockchain Technology And Tokenization
ETFswap (ETFS) is an Ethereum (ETH) based crypto project that leverages blockchain technology and tokenization of assets to create a tokenized version of exchange-traded funds (ETFs) on the blockchain.
The tokenized version of the ETFs will allow investors to trade exchange-traded funds like crypto tokens. Also, since the tokenized ETFs will directly represent traditional ETFs 1:1 on-chain, they will gain exposure to all ETFs, including crypto-related ETFs like Spot Bitcoin ETFs and Spot Ethereum ETFs.
The traders will also gain access to trading to numerous trading tools like ETFswap Screener, which will assist them in gaining accurate knowledge about ETFs to make well-informed decisions before trading. Also, experienced traders can significantly increase their earnings with very little capital by using up to 50x leverage on derivatives trading on the platform.
They can also amplify their portfolio through the network’s fractional ownership feature. However, to gain access to all these unique features, users must purchase ETFS, which functions as the platform’s native token for utility and governance.
As a governance token, all holders can participate in making decisions that affect the network growth through voting. ETFS will also generate passive income for holders who stake their tokens on the platform pool.
Will Shiba Inu ETFs Follow Spot Ethereum ETFs?
The Shiba Inu community has embarked on a mission to persuade the Grayscale Investments management company to create a SHIB ETF through a social media petition signed by all community members after the SEC approved Spot Ethereum ETFs.
The petition on Change.Org has 10,000 signatures as the activity reaches day 61. The Shiba Inu army first issued an official direct petition to Grayscale in late February 2024, indicating that the investment manager should consider establishing a Shiba Inu exchange-traded fund (ETF).
Grayscale Bitcoin Trust (GBTC), one of the issuers of Spot Ethereum ETFs, is currently one of the largest by assets under management (AUM). Also, it played a pivotal role in the approval of Spot Bitcoin and Spot Ethereum ETFs by regulatory bodies in the United States.
Therefore, it’s no surprise that the Shiba Inu community chose Grayscale from all other investment managers involved in crypto-related ETFs. According to Coinmarketcap, Shiba Inu currently ranks 11th in the crypto market and trades at $0.00002228.
ETFSwap Presale And Conclusion
As the Shiba Inu ETF petition by the Shiba Inu army crosses into five figures, ETFswap (ETFS) has seen increased interest from crypto community members amid an increase in interest following Spot Ethereum ETFs.
Therefore, crypto investors are rushing to buy ETFS, which the platform currently offers at $0.01831 per coin in its stage 2 presale round, since it will grant them access to the tokenized ETFs. As a cherry on top, they increase their chances of making unexpected yields on their investments, which will begin as soon as the presale transitions to stage 3 at a higher price of $0.03846. Also, when the token skyrockets to the $3 mark, as speculated by crypto experts, all investors will realize over 200x yield on their investments.
So what are you waiting for? Join the ETFswap (ETFS) ecosystem today by buying ETFS to gain access to trade tokenized ETFs and get a 200x yield on your investment.
For more information about the ETFS Presale:
