The issuer of the Spot Bitcoin ETF has purchased around 5% of the total BTC supply, and ETF Swap is expecting inflows of $100 million during its presale.
In a noteworthy development for the cryptocurrency industry, the issuer of a spot Bitcoin ETF now holds roughly 5% of Bitcoin's (BTC) total supply, a significant accumulation that has seen a large influx of funds into an ongoing presale on a prominent cryptocurrency ETF trading platform. ETFSwap (ETFS)An inflow of $100 million is expected.
ETFSwap (ETFS) Presale Inflows Surge as Spot Bitcoin ETF Rises
ETFSwap (ETFS) presale saw a significant increase in inflows following approvals. Spot Bitcoin ETF and Spot Ethereum ETF The latest approval by the U.S. Securities and Exchange Commission (SEC) of a spot Ethereum ETF, which sent shock waves throughout the cryptocurrency industry, also had a positive impact on the performance of the spot Bitcoin ETF, leading to increased adoption of the Bitcoin ETF. ETFSwap (ETFS).
ETFSwap (ETFS) is a decentralized exchange where you can swap crypto assets in exchange for tokenized ETFs. The platform allows you to buy and trade institutional ETFs, including commodity ETFs, leveraged ETFs, crypto spot and futures ETFs, and bond ETFs.
One of the many benefits of ETFSwap (ETFS) is that it provides 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 services, low-cost trading sessions, reduced trading fees, flexibility, and 24-hour access to the platform for trading.
To ensure optimal security for users, ETFSwap (ETFS) Audited The audit was conducted by Cyberscope, a leading cybersecurity and blockchain auditing firm. The audit findings highlighted the platform’s robust smart contracts, highlighting ETFSwap’s resistance to cyber attacks.
Additionally, ETFSwap (ETFS) has eliminated the need for KYC verification on its platform, providing greater privacy protection for users while also providing a smooth account opening process for new users.
While ETFSwap (ETFS) offers many trading features, the platform also offers many trading incentives and rewards. Trading on ETFSwap (ETFS) offers users up to 10x Leverage In all transactions 50x Leverage When executing 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 tokens to receive staking rewards, and token holders can gain voting power on ETFSwap's governance, directly influencing the growth trajectory of the ecosystem.
The driving force behind ETFSwap is the native token ETFhas experienced strong demand from investors since the presale began. 95 million units sold Raise tokens, $ 1,000,000 In just a few weeks.
ETFSwap (ETFS) is set to see inflows of up to $100 million as excitement grows around a spot Bitcoin ETF and a spot Ethereum ETF. Investors are currently purchasing ETFS tokens at a discount. Price $0.00854 The first phase of the presale aims to secure tokens early in preparation for the ETF's sudden rise.
Spot Bitcoin ETF to hold up to 5% of BTC supply
According to data from BitMEX Research, a platform that provides evidence-based reporting on BTC: Shown Issuers of spot Bitcoin ETFs currently hold roughly 5% of the total BTC supply. As of March 2024, these spot funds hold approximately 776,464 BTC, which represents nearly 5% of the total supply of 21 million BTC.
The rapid growth of spot Bitcoin ETFs is being spearheaded by prominent asset managers such as BlackRock and Grayscale, as well as major decentralized exchanges such as: ETFSwap (ETFS)The increased adoption of spot Bitcoin ETFs has also had a notable impact on the price of Bitcoin (BTC), which hit an all-time high of over $73,000 in early March 2024.
Despite recent inflows from spot Bitcoin ETFs, BTC is still trading sideways and has seen a string of declines. At the time of writing, the price of Bitcoin (BTC) is transaction Bitcoin was trading at $67,853, down 4.92% for the week and 1.54% in the past 24 hours, according to CoinMarketCap.
ETFSwap (ETFS) Spot Bitcoin ETF Conclusion Driving Inflows
As a provider of institutional ETFs, ETFSwap (ETFS) stands out as one of the few decentralized trading platforms benefiting from the recent buzz surrounding spot Bitcoin ETFs and Ethereum spot ETFs. ETF Trading Platform Since the start of its presale, it has attracted thousands of users and is garnering attention from large investors by showcasing its vast use cases and potential to revolutionize the digital asset space.
Investors who want access to ETFSwap’s innovative trading platform can take part in a presale with the first phase concluding in the coming weeks. In the first phase, investors will be offered tokens at a low price, while in the second phase, each ETFS token will increase in price to $0.01831.
For more information about the ETFS presale, please see below.
Source: www.the-blockchain.com
