ETFs
Spot Ethereum ETFs Trigger Institutional Investor FOMO, Addresses Holding Over 10,000 ETH Surge
Market trends show growing institutional interest in ETH following the approval of Spot Ethereum ETFs. Anticipation of the funds has triggered FOMO among institutional investors, leading to a significant increase in the number of crypto wallets holding more than 10,000 ETH. The bullish outlook generated by these market activities has improved the outlook on the virus ETFSwap (ETFS) pre-sale, leading investors to secure early entry for high returns.
ETFSwap (ETFS) Set to Hit Huge Highs After Growing Presale
ETFSwap (ETFS) is a blockchain-based platform for trading tokenized ETFs. These tokenized ETFs will be backed by real ETFs purchased on the traditional market. However, existing on a blockchain presents a revolutionary approach to how these assets are held and traded. For example, these tokenized ETFs will enable rapid settlements and 24/7 trading, a feature not available in traditional markets.
Trading on ETFSwap (ETFS) offers many advantages. Users can expect lower trading costs, seamless conversions between cryptocurrencies and ETFs, access to liquidity, passive income from staking returns, and unique features compatible with smart contracts. The platform also allows perpetual trading with high leverage, allowing users to trade the ETF market with up to 50x leverage and amplify their profits with the available risk management tools.
Investors can rest assured that ETFSwap (ETFS) has undergone a Audi meticuloust by CyberScope, confirming the security and reliability of the smart contract. This provides a solid foundation for investors to build confidence, especially as they eagerly await the launch of the beta platform.
ETFSwap (ETFS) has become one of the leading contenders for market gains in the current cycle, providing investors with an exciting opportunity to potentially amass wealth. The pre-sale provides an early entry point into this exciting adventure, creating a sense of urgency and anticipation among potential investors.
Anticipation of Spot Ethereum ETFs Increases Demand for ETH
Crypto investors have all eyes on Spot Ethereum ETFs going live following SEC approval. News of the approval sent the price of ETH skyrocketing to $3,900, signaling a gain of over 30% from its price range before the approval of Ethereum spot ETFs.
With Spot Ethereum ETFs now available for trading, investors appear to be purchasing more ETH ahead of a possible upward price trend. Investors are betting on the possibility of seeing a new all-time high on Ethereum, just like with Bitcoin after its spot ETFs went live.
Many sources report that ETH is becoming scarce on centralized exchanges, which is often a sign of a reluctance to sell a crypto asset. Also a popular crypto analyst tweeted that the number of addresses holding more than 10,000 ETH has skyrocketed over the past week, signaling increasing buying pressure on the crypto asset.
This development comes about a month after the SEC approved the Spot Ethereum ETFs of eight companies, including BlackRock, Grayscale, Franklin Templeton, Fidelity, Invesco Galaxy, 21Shares, VanEck and ARK Invest, which recently withdrew from issuance of a Spot Ethereum ETF.
Although ETH Still struggling to break price resistance at $4,000, experts believe the launch of Ethereum spot ETFs could push the cryptocurrency as high as $10,000. The price of ETH is trading at $3,462 as of this writing, and recent demand for the coin supports optimism for the upcoming launch of Spot Ethereum ETFs.
Conclusion
Although bullish expectations are high for the price of ETH, the predictions pale in comparison to the outlook on ETFSwap (ETFS). The new Ethereum-based project also benefits from the growing momentum of Spot Ethereum ETFs and the broader market outlook. ETFSwap (ETFS) is currently in pre-sale, offering the best entry for investors to exploit for maximum gains.
With the pre-sale in full swing, investors are seizing the opportunity to get in early. Stage 2 has already sold 10 million tokens in just two days and the initial stages have raised over $2 million. Don’t miss this opportunity to invest in ETFSwap (ETFS) at $0.01831 before the price increases to $0.03846 in the next step.
For more information on the ETFS presale:
Warning: This is a paid version. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information available in this content. Do your research and invest at your own risk.