Spot Ethereum ETF inflows collapse below $1 million, and investors find a new safe haven in ETFSwap (ETFS), a new ETF project set for billions
Inflows on Spot Ethereum ETFs have fallen short of expectations, causing weak price trends on Ethereum (ETH). With new opportunities emerging in the crypto market, investors have turned to ETFSwap (ETFS), a new Ethereum-based platform, for promising returns towards the bull market.
The ETFSwap (ETFS) presale exhibits strong trends, drawing interest from institutional and retail investors who see its prospects as the future of trading crypto and ETFs. Read on to learn more about this groundbreaking platform, and don’t miss the presale opportunity.
ETFSwap (ETFS) Set For Success As ETFs Drive Crypto Market Momentum
ETFSwap (ETFS) is exhibiting early signs of success on presale, and the trading of Spot Ethereum ETFs provides strong bullish sentiments for the new project. As rumors circulate for another spot ETF for altcoins like Solana (SOL) and Ripple (XRP), experts believe ETFSwap (ETFS) could rally up to 150x at launch.
Capitalizing on tokenization, the new platform provides a decentralized means of trading ETF assets on-chain. Therefore, ETFSwap (ETFS) users will be able to trade tokenized ETFs from industries such as energy, healthcare, technology, and many more. This modernized platform for ETFs allows for easier portfolio diversification, amongst many other benefits. Additionally, ETFSwap (ETFS) is considered a massive upgrade from existing centralized trading platforms. The new ETF platform will expand the boundaries of possibilities, allowing users total freedom over their funds and the opportunities to seek profits in newer ways.
Some of which include staking and liquidity pools. ETFSwap (ETFS) will offer up to 87% APR (annual percentage rate) on staked ETFS tokens when the platform launches. The staking feature will also allow users to lock their tokenized ETFs for passive rewards. The Phase 1 beta platform, which is expected to launch in the coming days, will offer a first look into the swap, staking, and liquidity pool features.
The Phase beta set for later will offer improvements to the user interface and introduce AI-powered algorithms such as ETF Screener and Finder. These tools will operate based on extensive market analysis to provide recommendations to users. These features fuel excitement for the innovative platform ahead of the launch.
The ETFSwap (ETFS) team has also announced that it passed a KYC audit carried out by SolidProof to verify individual team members' identities and project ownership.
Spot Ethereum ETFs Record Negative Outflows As ETH Price Crash
Spot Ethereum ETFs recorded outflows of $823K on September 30 as the assets resumed trading in the new week. The outflows on the US Spot Ethereum ETFs mark a significant drop from inflows of $12.9 million in the previous trading day. According to SosoValue, BlackRock’s ETHA recorded net inflows of $10.99 million, and Grayscale’s ETHE recorded outflows of $11.88 million, resulting in a cumulative outflow of $822.29K as the other ETH funds recorded zero.
The total supply of ETH tokens registered under the Spot Ethereum ETFs represents 2% of the cryptocurrency’s supply. Contrary to popular belief, before Spot Ethereum ETFs launched, the ETH funds had not fueled Ethereum’s price in the manner predicted. Bitcoin (BTC) continues to show stronger trends as we go further into the bull run.
As of this writing, Ethereum (ETH) is trading at $2,458, with a negative price trend over the past month despite improving market conditions. The low momentum on Spot Ethereum ETFs and the slow growth of Ethereum (ETH) has forced crypto investors to look elsewhere for profits as we head into the bull run.
Conclusion
Unimpressive inflows on the Spot Ethereum ETFs make ETH an unattractive investment pick, leading investors to find a haven in projects building on the network like ETFSwap (ETFS). The new ETFSwap (ETFS) is set for success as it launches in the middle of bullish sentiment on ETFs and tokenized real-world assets. Experts see a high ceiling for the coin, and early presale buyers stand to be the biggest winners.
Join the ETFSwap (ETFS) presale now at $0.03846 before the final stage closes.
For more information about the ETFS Presale: