|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
ETFSwap (ETFS) Set To Provide Investors With Better Gains Than Spot Ethereum (ETH) ETFs
Sep 29, 2024 at 01:25 am
The Spot Ethereum ETFs have so far provided a bearish outlook for the ETH price as these funds continue to record significant inflows, causing the coin’s price to decline.
The Spot Ethereum ETFs have so far provided a bearish outlook for the ETH price as these funds continue to record significant inflows, causing the coin’s price to decline. Considering this, investors are better off buying ETFSwap (ETFS) as they stand to make life-changing gains from the altcoin.
Spot Ethereum ETFs Outflows Send The ETH Price Spiraling
The Spot Ethereum ETFs experienced a net outflow of $79.3 million, which put significant selling pressure on the ETH price. These Spot Ethereum ETFs have contributed to the ETH price maintaining a bearish outlook despite the recent crypto market recovery. Since these Spot Ethereum ETFs launched in July, they have experienced a total net outflow of $624.17 million.
As a result, the ETH price has stagnated. For context, Ethereum (ETH) is currently lagging behind other major cryptocurrencies. For context, the ETH price boasts a year-to-date (YTD) gain of just about 15%, which is considerably small to other coins including Bitcoin (BTC) which has recorded a YTD gain of 51%.
The ETH price is likely to remain unimpressive in the short term as these Spot Ethereum ETFs continue to record significant outflows. These Spot Ethereum ETFs have so far not caught the attention of institutional investors as the Spot Bitcoin ETFs did.
ETFSwap (ETFS) Set To Provide Investors With Better Gains
ETFSwap (ETFS) is set to provide investors with better gains based on analysts’ predictions that the altcoin will enjoy a 15,000% price rally from its current price of $0.03846. This bullish projection for the altcoin stems from its unique utility, which will make it outperform the ETH price and other altcoins in this bull run.
ETFS is the native token of ETFSwap, a decentralized investment platform that allows users to trade tokenized exchange-traded funds (ETFs). Users will be able to trade these ETFs and cryptocurrencies on the platform as the ETFSwap team is collaborating with MiCA-regulated investment banks to offer both securities and crypto trading.
These tokenized ETFs are backed by real-world securities purchased on the traditional market. Therefore, users can be assured that they can redeem their assets any time. Interestingly, ETFSwap (ETFS) offers 24/7 market coverage, meaning users can buy, sell, and trade their ETFs anytime. Thanks to the trading platform’s market-making services, users will enjoy ample liquidity when settling their trades. This means that their trades will be settled instantly and with minimal slippage. The decentralized finance (DeFi) platform is built on Ethereum, so users will also enjoy unparalleled liquidity on the network.
In addition to providing easy access to the traditional markets, ETFSwap (ETFS) also provides a pathway to financial freedom. The investment opportunities are so immense. For instance, users will be able to stake their ETFs and earn mouth-watering yields. The staking feature also extends to crypto assets on the platform. Users who stake the platform’s native token ETFS can earn up to 85% annual percentage yield (APY).
Furthermore, users can trade perpetuals for these ETFs, with the decentralized trading platform offering up to 50x margin on traders initial capital. This feature will help investors hedge against their investment in the underlying asset. The ETFSwap team, certified by SolidProof, has already announced plans to launch the platform’s ETF in 2025.
The ETFSwap (ETFS) token is at the center of these exciting offerings as investors will need the altcoin to access them. Users looking to diversify their portfolios on the ETFSwap platform can easily do so using ETFS. By using the altcoin, they swap their ETFs to crypto assets and vice versa.
Investors who have already purchased the altcoin in its ongoing presale will not have to wait too long to access these offerings as the team has already announced that phase 1 of the ETFSwap beta platform will soon go live. Once that happens, users will be able to experience the platform’s user-friendly interface, which will allow them to invest in both ETFs and cryptocurrencies easily.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Pepe Unchained and UNITS: Two Top Presales for 2024
- Sep 29, 2024 at 04:25 am
- Presales have been a popular way for crypto investors to get their hands on favourable market assets before anybody else.
-
- Flipkart Big Billion Days Sale 2024: The Samsung Galaxy F05 is a budget smartphone.
- Sep 29, 2024 at 04:20 am
- The device is tailored for the user who needs a sure-core device but cannot afford to dish out the heavy coin. This is a smartphone that with its basic features and build, surely will meet up with all your daily needs without gulping down the bank.
-
- Analyst Pick of the Juiciest Memecoins Poised For Explosive Year-End Rally
- Sep 29, 2024 at 04:15 am
- An array of unconventional digital currencies are set to capture attention as the year draws to a close. Analysts have identified a selection of lively tokens expected to make significant gains. With the market abuzz, these under-the-radar coins might soon see a surge. Curious minds are eager to discover which assets are primed for a remarkable leap.
-
- Ripple (XRP) Price Breakdown May Be Imminent: Analyst Predicts 15% Rally Might Be in Sight
- Sep 29, 2024 at 04:15 am
- Jackis (@i_am_jackis), a seasoned financial expert with nearly a decade of experience in the crypto market, on September 23, 2024, offered an insightful analysis of XRP price movement
-
- Ripple (XRP) Price Prediction 2023: Will XRP Hit $0.74 This Uptober?
- Sep 29, 2024 at 04:15 am
- With increased bullish action in the cryptocurrency market, the Ripple price has successfully regained momentum after displaying a neutral price action over the past 2 weeks.
-
- Solana (SOL) Network Activity Spikes 250% as Meme Coins Gain Popularity
- Sep 29, 2024 at 04:15 am
- Since the retest of the range lows at $120 on 6 September, Solana [SOL] has gained by 30% in price. At the time of writing, it was on the cusp of a two-month resistance
-
- Crypto World Stirs with Excitement as Avalanche (AVAX) Gains Attention and BlockDAG (BDAG) Sets the Pace with $1M Giveaway
- Sep 29, 2024 at 04:15 am
- As the crypto world remains on the edge, major developments in popular coins are stirring excitement. Avalanche is gaining attention after Citi's
-
- Bitcoin (BTC) Price Prediction: New All-Time Highs Possible as China's Economic Moves Reignite Crypto Market Interest
- Sep 29, 2024 at 04:15 am
- Markus Thielen, Head of Research at 10x Research, indicated that recent Federal Reserve rate cuts and China's stimulus measures have ignited renewed interest in the crypto market.
-
- BlockDAG: The Crypto Solving Blockchain’s Big Challenge
- Sep 29, 2024 at 04:15 am
- Over the past decade, cryptocurrencies have evolved from a specialized concept to a dominant force within the global financial landscape.