ETFswap (ETFS) Presale Surges as the Market Anticipates the Spot Ethereum ETFs Debut

The approval of the Spot Ethereum ETFs product by US regulators proved to be a turning point for altcoins, as this will make more institutional investors see these assets in a positive light.

The approval of the Spot Ethereum ETFs product by US regulators proved to be a turning point for altcoins, as this will make more institutional investors see these assets in a positive light. However, ahead of the Spot Ethereum ETFs market debut, investors are highly anticipating the $3.4 billion in ETH options that are expected to expire in June 2024.

Also, these investors are attracted to an ETF token ETFswap (ETFS), which holds the potential to make them crypto millionaires. Let’s talk about what attracts these investors to ETFswap (ETFS) and how the expiry of the $3.4 billion ETH options will affect the crypto market.

ETFSwap Attracts ETF Traders With Tokenization

ETFswap (ETFS) is an Ethereum-based crypto platform that uses tokenization to reshape how traders interact with exchange-traded funds (ETFs) by creating its tokenized version on-chain. The tokenized ETFs will allow traders to invest in asset classes like Gold, Silver, stocks, and bonds on a single interface. Traders can also benefit from the platform’s ETF Screener, which will educate them on ETFs and how to classify them accurately, enabling them to make well-informed decisions before trading.

Further, with the help of artificial intelligence (AI), the ETF screener can make a predictive analysis of an asset after carefully analyzing market sentiments, trends, and historical data. In addition, experienced traders can increase their earnings with up to 50x leverage on derivatives trading on the platform.

Also, as an added protective measure, ETFswap (ETFS) has agreed to an audit of its platform’s smart contract by world-leading blockchain security expert Cyberscope. After a thorough examination, Cyberscope found no critical underlying conditions that can weaken the platform against all cyber attacks.

However, at the heart of ETFswap (ETFS) is an ERC-20 token, which serves as its native token, and all who want to gain access to all features on the network, including trading tokenized ETFs, will need to purchase a portion of this token. However, purchasing ETFS has other perks, like early access to all new ETF listings on the platform and voting rights to participate in the network governance.

$3.4 Billion In ETH Options Reach Expiry Date Ahead Of Spot Ethereum ETFs Debut

There is much anticipation in the air as about $3.4 billion in Ethereum options is expected to expire on June 28, 2024, and according to data by the world’s largest Bitcoin (BTC) and ETH options exchange Deribit, the put/call ratio of the ETH options expiry is around 0.58 hinting at a bullish sentiment.

Also, the total open interest (OI) is over $108,000, with $36,588 as put options and $71,651 as call options. Also, interestingly, as the day of the ETH options expiration draws close, Ethereum is moving towards its max paint point, which is a level where most options become worthless.

ETH’s max paint point currently stands at $3,100, and during the recent strong market correction, ETH exchanged hands below $3,300. Crypto traders are closely watching to see if ETH will hit its max paint point before the ETH options expire.

Further, the traders anticipate ETH’s next trajectory, as many titans in the crypto industry expect Spot Ethereum ETFs to go live on July 2, 2024. Currently, ETH trades above $3,400, indicating a rebound in prices, according to data from Coingecko.

ETFSwap Surges In Presale To Prepare For Spot Ethereum ETFs Market Launch

As the Spot Ethereum ETFs prepares to go live, ETFswap (ETFS) is engrossed in the sale of its native token ETFS, offering it at a low price of $0.01831 per coin in its presale event. Many in the crypto industry are moving to buy ETFS now because this round will soon end, and its price will increase to $0.03846, resulting in automatic profit for early buyers.

Further experts speculate that after Spot Ethereum ETFs go live, ETFS will surge to $3, rising by over 20,000% and giving all early investors over 200x yield on their investments. So there is no time to waste: Buy ETFS today to increase your chance of becoming a crypto millionaire.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

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