Spot Bitcoin ETF Issuer Buys 5% of BTC Supply, Puts $100 Million into ETFSwap (ETFS) Presale – Blockchain News, Opinion, TV & Jobs
Spot Bitcoin ETF issuers have purchased nearly 5% of the total supply of BTC. ETFSwap expects $100 million in inflows during the pre-sale period.
With incredible advancements in the cryptocurrency industry, the Spot Bitcoin ETF issuer currently holds approximately 5% of the total supply of Bitcoin (BTC). This significant accumulation has led to significant inflows into the ongoing pre-sale of the prominent cryptocurrency ETF trading platform. ETF Swap (ETFS)It is expected to receive an inflow of $100 million.
ETFSwap (ETFS) presales are flowing into SkyRocket as spot Bitcoin ETF hype grows.
The ETFSwap (ETFS) presale has seen a notable increase in inflows since its approval. Spot Bitcoin ETF and Spot Ethereum ETF By the U.S. Securities and Exchange Commission (SEC). The recent approval of the Spot Ethereum ETF, which shocked the broader cryptocurrency space, has also had a positive impact on the performance of the Spot Bitcoin ETF, leading to increased adoption. ETF Swap (ETFS).
ETFSwap (ETFS) is a decentralized exchange that allows users to exchange cryptocurrency assets for tokenized ETFs. The platform allows users to buy and trade institutional ETFs, including commodity ETFs, leveraged ETFs, cryptocurrency spot and futures ETFs, and bond ETFs.
One of the many advantages 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 various other trading features such as 24/7 ETF risk management services, affordable trading sessions, reduced trading fees, flexibility, and 24-hour access to the trading platform.
ETFSwap (ETFS) was launched to ensure optimal security for users. thanked Created by CyberScope, a leading cybersecurity and blockchain auditing firm. The audit results highlighted ETFSwap’s resilience to cyberattacks by highlighting the platform’s robust smart contracts.
Additionally, ETFSwap (ETFS) eliminates the need for KYC verification on its platform, ensuring users receive better privacy while providing a seamless account opening process for new users.
While ETFSwap (ETFS) offers many trading features, the platform also offers many trading incentives and benefits. ETFSwap (ETFS) trading allows users to 10x leverage with all transactions 50x leverage When executing perpetual futures and options trading on the platform.
ETFSwap (ETFS) also rewards token holders in the form of monthly airdrops. Traders can earn staking rewards by staking tokens, and token holders can earn voting rights on ETFSwap’s governance, directly influencing the growth trajectory of the ecosystem.
ETFSwap’s powerful driving force is its native token. ETF, has been experiencing significant demand from investors since its pre-sale launch. Your reservation has been recorded. 95 million units sold Raise more than tokens 1 million dollars In just a few weeks.
As excitement surrounding the Spot Bitcoin ETF and Spot Ethereum ETF grows, ETFSwap (ETFS) is set to record more inflows, amounting to up to $100 million. Investors are currently purchasing ETFS tokens at discounted prices. Price: $0.00854 In the first stage of pre-sale, we aim to secure tokens early in preparation for ETFS surge.
Spot Bitcoin ETF holds up to 5% of the BTC supply.
Data from BitMEX Research, a platform providing evidence-based reports on BTC. indicated The issuer of the Spot Bitcoin ETF now holds about 5% of the total BTC supply. As of March 2024, the spot fund holds approximately 776,464 BTC, equivalent to nearly 5% of the total supply of 21 million BTC.
This rapid growth of Spot Bitcoin ETFs is being driven by prominent asset management firms such as BlackRock and Grayscale, as well as leading decentralized exchanges such as: ETF Swap (ETFS). Spot Bitcoin The increased adoption of ETFs has also had a noticeable impact on the price of Bitcoin (BTC), hitting an all-time high above $73,000 in early March 2024.
Despite the recent inflows recorded by the Spot Bitcoin ETF, BTC is still trading sideways and is witnessing a series of declines. The price of Bitcoin (BTC) at the time of writing this article is transaction It stands at $67,853, reflecting a 4.92% decline for the week and a 1.54% decline over the past 24 hours, according to CoinMarketCap.
ETFSwap (ETFS) Spot Bitcoin Conclusion that ETF triggered inflows
Institutional ETF provider ETFSwap (ETFS) stands out as one of the few decentralized trading platforms that is benefiting from the recent buzz surrounding a spot Bitcoin ETF and an Ethereum spot ETF. This is tokenized ETF trading platform has attracted thousands of users since its pre-sale launch and has captured the attention of large investors by demonstrating tremendous use cases and the potential to disrupt the digital asset space.
Investors wishing to access ETFSwap’s innovative trading platform can participate in the pre-sale, with the first phase concluding in a few weeks. In the first stage, tokens are offered to investors at a lower price. However, in the second stage, each ETFS token rises to $0.01831.
For more information on the ETFS pre-sale, see:
Visit ETFSwap Presale
Join the ETFSwap Community
