BlackRock’s IBIT has crossed 300,000 BTC in holdings, surpassing Grayscale’s GBTC to become the largest spot Bitcoin ETF. This development is coming weeks after the approval of Spot Ethereum ETFs, and the market continues to move with enthusiasm in anticipation of when the Ethereum funds finally start trading.
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Amidst the market excitement, ETFSwap (ETFS) has emerged as a new platform for trading ETF assets, and the ongoing presale stands out as an opportunity for massive returns. Read on as we explore the exciting profit opportunity on this new presale.
Spot Ethereum ETFs Hype Boosts ETFSwap (ETFS) Presale
The growth prospects on ETFSwap (ETFS) presale are even higher following Spot Ethereum ETFs approval. Experts have noticed continued accumulation on the presale, which highlights the growing interest of institutional and retail investors in this innovative platform. The ETFSwap (ETFS) presale stands out as the biggest presale this year, and early investors expect to receive returns as high as 50,000% towards the bull market.
On closer look, ETFSwap (ETFS) does not just exhibit impressive numbers; the platform offers robust utility and will be looking to onboard crypto investors who want to diversify their portfolio across the ETF market. The new DeFi platform offers access to ETFs from around the globe and will list ETFs from industries such as technology, energy, commodities, healthcare, and crypto ETFs, including Spot Ethereum ETFs, when they launch later this year.
Additionally, the ETFSwap (ETFS) beta app is expected to be released in a few weeks from now, allowing early adopters the opportunity to explore the platform and provide feedback. This new platform will provide investors with an ETF trading platform other than the centralized options in the landscape. Users will also be able to access permissionless, decentralized trading without providing KYC information.
Furthermore, ETFSwap (ETFS) will offer comprehensive trading services with cross-compatibility between ETFs and cryptocurrencies. Users will be able to take advantage of market-making opportunities and perpetual trading with leverage to amplify profit. ETFSwap (ETFS) has carved out its path to success as a first-mover, and investors are placing big buys on the ongoing presale.
BlackRock Grows Bitcoin (BTC) Holdings As Investors Await Spot Ethereum ETFs Launch
BlackRock has exceeded 300,000 BTC in assets under management (AUM) in only five months of trading. BlackRock’s IBIT now holds over $21 billion worth of Bitcoin (BTC) in its ETF fund, surpassing Grayscale last week. With the recent growth, US spot Bitcoin ETFs now hold a total of 883,000 BTC ($63B), or around 4.2% of Bitcoin’s (BTC) total supply.
Spot Bitcoin ETFs have come back alive following the approval of Spot Ethereum ETFs amid a 19-day streak of inflows. The last net outflow on Spot Bitcoin ETFs was on May 10 and was mainly driven by Grayscale. GBTC outflows have been particularly caused by its high fees (1.5% compared to IBIT 0.25%), and Grayscale’s Bitcoin (BTC) holdings have now dropped from 619,220 BTC to 285,651 BTC. However, the rising price of Bitcoin (BTC) softens Grayscale’s loss in dollar value.
Spot Bitcoin ETFs have had a highly significant market impact since they were launched, and investors are excited about the launch of Spot Ethereum ETFs. This excitement has transferred to emerging market opportunities like ETFSwap, and investors are looking to capitalize on new presale opportunities for big profits.
Conclusion
Market trends show investors massive activity on the ongoing ETFSwap (ETFS) presale ahead of Spot Ethereum ETFs launch. Experts believe this might be the most obvious market opportunity for profit in retrospect. The presale continues to sell out, with over 8 million tokens sold on the ongoing Stage 2 presale.
This is a unique opportunity to get in before the price is raised to $0.03846 on Stage 3 presale.
For more information about the ETFS Presale:
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