Spot Bitcoin ETFs issuers have bought up almost 5% of BTC total supply; ETFSwap is projected to witness $100 million in inflows during its presale.
In a remarkable development for the cryptocurrency industry, Spot Bitcoin ETFs issuers now hold about 5% of the Bitcoin (BTC) total supply. This substantial accumulation has driven significant inflows into the ongoing presale of prominent cryptocurrency ETF trading platform, ETFSwap (ETFS), which is set to receive an influx of $100 million.
ETFSwap (ETFS) Presale Inflows To SkyRocket As Spot Bitcoin ETFs Hype Grows
ETFSwap (ETFS) presale has witnessed a notable rise in inflows following the approval of Spot Bitcoin ETFs and Spot Ethereum ETFs by the United States Securities and Exchange Commission (SEC). The latest approval of Spot Ethereum ETFs, which came as a shock to the broader crypto space, also positively impacted the performance of Spot Bitcoin ETFs, leading to increased adoption of ETFSwap (ETFS).
ETFSwap (ETFS) is a decentralized exchange which enables users to swap crypto assets in place of tokenized ETFs. This platform allows users to buy and trade institutional ETFs such as commodity ETFs, leveraged ETFs, cryptocurrency spot and futures ETFs and fixed-income 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 numerous other trading features such as 24/7 ETF risk management service, low-cost trading sessions, reduced transaction fees, flexibility and round-the-clock access to the platform for trading.
To ensure optimal security for users, ETFSwap (ETFS) has been audited by CyberScope, a leading cybersecurity and blockchain audit firm. The result of the audit highlighted the platform’s robust smart contracts, underscoring ETFSwap’s resilience against cyber attacks.
Additionally, ETFSwap (ETFS) has eliminated the need for KYC verification on its platform, ensuring users can have better privacy protections while also providing a smooth running account opening process for new users.
While ETFSwap (ETFS) provides many trading features, the platform also offers many trading incentives and perks. Trading on ETFSwap (ETFS) grants users up to 10x leverage on all trades and 50x leverage when they execute perpetual futures and options trading on the platform.
ETFSwap (ETFS) also offers rewards to token holders in the form of monthly airdrops. Traders can stake their tokens to receive staking rewards and token holders can earn voting rights on ETFSwap’s governance, allowing them to directly influence the growth trajectory of the ecosystem.
The powerhouse behind ETFSwap is its native token, ETFS, which has been experiencing significant demand from investors since the launch of its presale. The presale has recorded over 95 million sold tokens and raised more than $1 million in just a few weeks.
With the excitement surrounding Spot Bitcoin ETFs and Spot Ethereum ETFs set to grow further, ETFSwap (ETFS) is set to record more inflows of up to $100 million. Investors are currently buying ETFS tokens at a discounted price of $0.00854 in the first stage of the presale, aiming to secure tokens early in preparation for a possible surge in ETFS.
Spot Bitcoin ETFs Hold Up To 5% Of BTC Supply
Data from BitMEX Research, a platform that provides evidence-based reports on BTC, has indicated that Spot Bitcoin ETFs issuers now hold roughly 5% of the entire BTC supply combined. As of March 2024, these spot funds held approximately 776,464 BTC, equivalent to almost 5% of the total supply of 21 million BTC.
This rapid growth in Spot Bitcoin ETFs is spearheaded by prominent asset management companies such as BlackRock and Grayscale, as well as leading decentralized exchanges like ETFSwap (ETFS). The increased adoption of Spot Bitcoin ETFs has also had a noticeable impact on the price of Bitcoin (BTC), triggering an all-time high above $73,000 earlier in March 2024.
Despite the recent inflows recorded by Spot Bitcoin ETFs, BTC is still trading sideways, witnessing a series of declines. At the time of writing, the price of Bitcoin (BTC) is trading at $67,853, reflecting a 4.92% weekly decrease and a 1.54% decline in the last 24 hours, according to CoinMarketCap.
Conclusion Of ETFSwap (ETFS) Spot Bitcoin ETFs Triggered Inflows
As a provider of institutional ETFs, ETFSwap (ETFS) stands out as one of the few decentralized trading platforms that has been gaining from the recent buzz surrounding Spot Bitcoin ETFs and Ethereum Spot ETFs. This tokenized ETF trading platform has attracted thousands of users since the launch of its presale, capturing the attention of large-scale investors by showcasing its immense use cases and potential to disrupt the digital asset space.
Investors who wish to access ETFSwap’s innovative trading platform can participate in its presale, which will end its first stage in a few weeks. The first stage offers investors tokens at a lower price; however, during the second stage, each ETFS token will rise to $0.01831.
For more information about the ETFS Presale:
