ETFs
Spot Ethereum ETFs Face SEC Decision With New ETHSwap Presale In Spotlight
SEC could soon drop decision on Spot Ethereum Exchange Traded Fundsmaking it crucial for crypto investors to consider ETFSwap (ETFS).
Nate Geraci of the ETF Store suggests that big news could be around the corner, making ETFS tokens a very attractive buy right now. ETFSwap is revolutionizing investing by bringing tokenized ETFs to on-chain trading, effortlessly merging TradFi with DeFi.
With the end of presaleETFS tokens priced at $0.01831 are expected to see a significant increase post-launch.
Why ETFSwap?
ETFSwap essentially places ETFs on the blockchain, making them easier to invest in than going through a traditional investment vehicle.
It democratizes investments, giving a fair chance to everyone in the world. Here’s what the presale claims to offer:
- Ease of negotiation: DeFi allows 24/7 trading, which provides greater flexibility than centralized ETFs.
- No KYC: ETFSwap requires no KYC registration, meaning you can open an account in minutes
- Low costs: Smart contract-based products require no fund manager, hence no additional management fees.
- Flexibility: ETFSwap allows you to switch between cryptocurrencies and ETFs in seconds, while some banks do not allow cryptocurrency trading.
- Additional income: Our native ETFS token allows you to get up to 87% APR yield.
Governance and revenue sharing:
Token holders also have governance rights, influencing platform decisions.
Additionally, ETFS holders can stake tokens for significant rewards, including other cryptocurrencies, increasing passive income and making ETFSwap attractive to long-term investors.
Pending SEC Decision on Spot Ethereum ETFs
Meanwhile, Ethereum’s Ether (ETH) could be poised for a significant rise. Technical charts predict a 50% surge against Bitcoin (BTC) from an inverted head and shoulders pattern in the ETH/BTC pair, reminiscent of the 140% surge during 2019-2021.
The ETH/BTC pair oscillates, forming the head of the pattern. The 99Bitcoin analyst predicts that a breakout past the 0.061 BTC neckline could take it to 0.084 BTC by the end of the year, a 50% rise from current prices.
Historical patterns show an uptrend following the Bitcoin halving, with ETH/BTC climbing over 330% after the May 2020 halving and 900% after July 2016.
Now is the time to wait while the upheavals continue.