Spot Bitcoin ETF issuers have bought up nearly 5% of the total BTC supply; ETFSwap is expected to witness an inflow of $100 million during the presale.
In a notable development for the cryptocurrency industry, Spot Bitcoin ETF issuers now control approximately 5% of the total Bitcoin (BTC) supply. This substantial accumulation has led to significant inflows into the ongoing presale of a prominent cryptocurrency ETF trading platform. ETFSwap (ETFS)which is expected to receive an inflow of $100 million.
ETFSwap (ETFS) presale inflows are skyrocketing as the hype around Bitcoin ETFs grows
The pre-sale of ETFSwap (ETFS) has witnessed a remarkable increase in inflows after the approval of Discover Bitcoin ETFs and Spot Ethereum ETFs by the US 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 greater adoption of ETFSwap (ETFS).
ETFSwap (ETFS) is a decentralized exchange that allows users to trade 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 benefits 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, cheap trading sessions, lower transaction fees, flexibility and 24-hour access to the platform for trading.
To ensure optimal security for users, ETFSwap (ETFS) has been developed checked by CyberScope, a leading cybersecurity and blockchain audit firm. The audit result highlighted the platform’s robust smart contracts, underscoring ETFSwap’s resilience against cyber attacks.
Furthermore, ETFSwap (ETFS) has eliminated the need for KYC verification on its platform, providing users with better privacy protections while providing a smooth account opening process for new users.
Although ETFSwap (ETFS) offers many trading features, the platform also offers many trading incentives and benefits. Trading on ETFSwap (ETFS) gives users maximum 10x leverage on all transactions and 50x leverage when they conduct 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 ecosystem’s growth trajectory.
The powerhouse behind ETFSwap is the native token, ETFS, which has seen significant investor demand since its pre-sale launch. The presale is over 95 million sold tokens and more collected then $1 million in just a few weeks.
As the excitement surrounding Spot Bitcoin ETFs and Spot Ethereum ETFs continues to grow, ETFSwap (ETFS) is expected to record more inflows of up to $100 million. Investors are currently purchasing ETFS tokens at a discount price of $0.00854 in the first phase of the presale, with the aim of securing tokens early in preparation for a possible rise in ETFS.
Spot Bitcoin ETFs hold up to 5% of the BTC supply
Data from BitMEX Research, a platform that provides evidence-based reports on BTC, has done just that indicated that Spot Bitcoin ETF issuers now collectively control approximately 5% of the total BTC supply. 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 led by leading asset management firms such as BlackRock and Grayscale, as well as leading decentralized exchanges such as ETFSwap (ETFS). The increased adoption of Spot Bitcoin ETFs has also had a noticeable impact on the price of Bitcoin (BTC), reaching an all-time high above $73,000 earlier in March 2024.
Despite recent inflows through Spot Bitcoin ETFs, BTC is still trading sideways and on a series of declines. At the time of writing, the price of Bitcoin (BTC) trade at $67,853, reflecting a weekly decline of 4.92% and a decline of 1.54% in the past 24 hours, according to CoinMarketCap.
Conclusion of ETFSwap (ETFS) Spot Bitcoin ETFs caused inflows
As a provider of institutional ETFs, ETFSwap (ETFS) stands out as one of the few decentralized trading platforms to benefit from the recent buzz around Spot Bitcoin ETFs and Ethereum Spot ETFs. This was tokenized ETF trading platform has attracted thousands of users since its pre-sale launch and has captured the attention of large-scale investors by showcasing its immense use cases and potential to disrupt the digital asset space.
Investors who want to access ETFSwap’s innovative trading platform can participate in the pre-sale, which will end the first phase in a few weeks. The first phase offers investor tokens at a lower price; However, during the second phase, each ETFS token will rise to $0.01831.
For more information about the ETFS presale: