ETFs
Bitcoin Spot ETF Issuers Buy 5% of BTC Supply, $100 Million Will Be Paid in ETFSwap Presale (ETFS) – Blockchain News, Opinion, TV and Jobs
Spot Bitcoin ETF issuers have purchased nearly 5% of the total BTC supply; ETFSwap is expected to see $100 million in inflows during its presale.
In a remarkable development for the cryptocurrency industry, Spot Bitcoin ETF issuers now hold approximately 5% of the total Bitcoin (BTC) supply. This substantial accumulation has driven significant inflows into the prominent cryptocurrency ETF trading platform’s ongoing pre-sale, ETFSwap (ETFS)which is expected to receive an influx of $100 million.
ETFSwap (ETFS) Presales Influx to SkyRocket as Bitcoin Spot ETF Hype Grows
The ETFSwap (ETFS) presale saw a notable increase in inflows following the approval of Spot Bitcoin ETF and Spot Ethereum ETF by the United States Securities and Exchange Commission (SEC). The latest approval of Spot Ethereum ETFs, which came as a shock to the broader crypto space, has also had a positive impact on the performance of Spot Bitcoin ETFs, leading to increased adoption of ETFSwap (ETFS).
ETFSwap (ETFS) is a decentralized exchange that allows users to trade crypto assets in place of tokenized ETFs. This platform allows users to purchase and trade institutional ETFs such as commodity ETFs, leveraged ETFs, cryptocurrency spot and futures ETFs, and fixed income ETFs.
One of the many benefits of ETFSwap (ETFS) is its ability to provide real-time data on the performance of tokenized ETFs in their respective markets. This blockchain-based trading platform also offers many other trading features such as 24/7 ETF risk management service, low-cost trading sessions, low transaction fees, flexibility and 24/7 access to the trading platform.
To ensure optimal security for users, ETFSwap (ETFS) has been checked by CyberScope, a leading cybersecurity and blockchain auditing firm. The audit result highlighted the robustness of the platform’s smart contracts, highlighting ETFSwap’s resilience against cyberattacks.
Additionally, ETFSwap (ETFS) has eliminated the need for KYC verification on its platform, ensuring users have better privacy while providing a smooth account opening process for new users.
Although ETFSwap (ETFS) offers many trading features, the platform also offers many trading incentives and benefits. Trading on ETFSwap (ETFS) grants users up to 10x leverage in all professions and 50x leverage when they execute perpetual futures and options trades on the platform.
ETFSwap (ETFS) also offers rewards to token holders in the form of monthly airdrops. Traders can stake their tokens to receive staking rewards and token holders can gain voting rights over the governance of ETFSwap, allowing them to directly influence the growth trajectory of the ecosystem.
The powerhouse behind ETFSwap is its native token, ETFS, which has seen significant demand from investors since the launch of its presale. The pre-sale recorded more than 95 million sold tokens and collected more than 1 million dollars in just a few weeks.
With excitement over Spot Bitcoin ETFs and Spot Ethereum ETFs expected to grow further, ETFSwap (ETFS) is expected to see more inflows of up to $100 million. Investors are currently buying ETFS tokens at a discount price of $0.00854 in the first stage of the presale, aimed at securing the tokens from the start for a possible increase in ETFS.
Spot Bitcoin ETFs hold up to 5% of BTC supply
Data from BitMEX Research, a platform that provides evidence-based reporting on BTC, has noted that Spot Bitcoin ETF issuers now hold approximately 5% of the entire BTC supply combined. As of March 2024, these spot funds held approximately 776,464 BTC, almost 5% of the total supply of 21 million BTC.
This rapid growth of Spot Bitcoin ETFs is led by prominent asset management firms such as BlackRock and Grayscale, as well as leading decentralized exchanges like ETFSwap (ETFS). The increased adoption of Spot Bitcoin ETFs has also had a notable impact on the price of Bitcoin (BTC), triggering an all-time high above $73,000 earlier in March 2024.
Despite the recent inflows recorded by Spot Bitcoin ETFs, BTC is still trading sideways, witnessing a series of declines. At the time of writing this article, the price of Bitcoin (BTC) is trade at $67,853, reflecting a weekly decline of 4.92% and a decline of 1.54% over the past 24 hours, according to CoinMarketCap.
Conclusion of Bitcoin Spot ETFSwap ETFs (ETFS) Triggered Inflows
As an institutional ETF provider, ETFSwap (ETFS) stands out as one of the few decentralized trading platforms that has benefited from the recent buzz around Bitcoin Spot ETFs and Ethereum Spot ETFs. This symbolized ETF trading platform has attracted thousands of users since its pre-sale launch, capturing large-scale investor attention by showcasing its immense use cases and potential to disrupt the digital asset space.
Investors who want to access ETFSwap’s innovative trading platform can participate in its pre-sale, which will complete its first stage in a few weeks. The first stage offers investors tokens at a lower price; however, during the second stage, each ETFS token will reach $0.01831.
For more information on the ETFS presale: