Home web3.0 ETFSwap (ETFS) Will Facilitate ETF Trading

ETFSwap (ETFS) Will Facilitate ETF Trading

Oct 07, 2024 am 06:36 AM
bitcoin Ethereum Dogecoin price increase Last Week

The trading of Spot ETFs (exchange-traded funds), both cryptocurrency-focused ETFs and institutional ETFs, has redefined the world of

ETFSwap (ETFS) Will Facilitate ETF Trading

Bitcoin (BTC) and Ethereum (ETH) closed out September with impressive gains, thanks in part to the launch of Spot ETFs (exchange-traded funds). These ETFs have seen massive inflows, driving up the prices of BTC and ETH. Dogecoin (DOGE), on the other hand, has benefited from the overall market optimism, attracting speculative interest.

Now, a new platform called ETFSwap (ETFS) is set to make it possible to swap these leading crypto tokens through ETF trading. Here's a closer look at how ETFSwap (ETFS) will facilitate ETF trading.

ETFS to Power ETF Trading Swaps

The trading of Spot ETFs, which includes both cryptocurrency-focused ETFs and institutional ETFs, has merged the worlds of decentralized finance (DeFi) and traditional finance. ETFSwap (ETFS) has pioneered ETF trading by tokenizing real-world assets, such as gold, oil, and corn, into digital tokens. These tokenized ETFs can then be traded or swapped with crypto ETFs.

Furthermore, ETFSwap (ETFS) has garnered interest from institutional investors, providing them with an avenue to participate in decentralized trading without the need for middlemen. As such, institutional investors, as well as Bitcoin (BTC) and Ethereum investors, can contribute to ETFSwap’s (ETFS) liquidity pool and earn ETFS tokens as a means of generating passive income. Their contribution aids in creating efficient and smooth trading transactions without slippages.

ETFS Swaps Will be Available in Phase 1 Beta

ETFS allows traders to amplify their position size by up to 50x, essentially increasing their profit potential by 50 times. This enables users to control a larger position with a smaller capital, allowing them to generate greater returns on investment if the market moves in their favor.

Moreover, the platform's backend development is now complete in preparation for the phase 1 beta. During the beta phase, users will be able to test the software's functionality in real-world scenarios and experience the exciting features of ETFSwap (ETFS).

Security Audits Completed by Cyberscope and SolidProof

ETFS takes the security of its platform very seriously. To prevent any security vulnerabilities, the platform underwent thorough security audits conducted by Cyberscope, a cybersecurity auditing firm. Additionally, to maintain compliance and regulatory standards, the platform's team completed KYC verification by SolidProof, a smart contract security auditing firm.

Bitcoin and Altcoins Soared in September, Driven by Spot ETF Inflows

Bitcoin (BTC) closed out its best September in over a decade, showing an impressive resilience despite the recent volatility in the crypto markets. According to CoinGecko, the price of Bitcoin (BTC) reached $64,000 after retesting a demand zone.

CryptoQuant, a renowned on-chain data analytics platform, highlighted via X (formerly Twitter) the growing net inflows into Bitcoin ETFs as a key factor. Over $1 billion in Bitcoins (BTC) were withdrawn from the exchanges in one week, indicating strong interest from both institutional and retail investors.

CryptoQuant noted that short-term holders of Bitcoin (BTC) are now in a profitable position and may be tempted to sell, but the $63,000 level will act as a support level for Bitcoin (BTC). Ethereum (ETH) also saw a lot of interest from investors.

Coinmarketcap showed that Ethereum (ETH) is currently priced at $2,642. While Ethereum's (ETH) price surge is minimal as compared to Bitcoin's (BTC), anticipation has been surrounding Ethereum's (ETH) network upgrades. Also, the growing DeFi adoption in Ethereum (ETH) has driven its price upwards.

Dogecoin (DOGE) Surged 40% in September, Benefiting from Broader Market Strength

Dogecoin (DOGE), widely considered the king of meme coins, has shown similar bullish reversals in price levels with Bitcoin (BTC) and Ethereum (ETH). This is because Dogecoin (DOGE) tends to move in tandem with both cryptocurrencies, thereby increasing the price of Dogecoin (DOGE) when the broader crypto market rises in value.

Meanwhile, fed rate cuts in the financial markets have benefitted risk assets, including Dogecoin (DOGE). According to CoinGecko, the price of Dogecoin (DOGE) is $0.11853, up from a price of $0.08117 in August.

Conclusion: ETFS Presale Ending Soon, Offering Potential for 10,000% Gains

Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) are the cryptocurrency's leading the bullish market. However, ETFSwap (ETFS) is the cryptocurrency with the potential for more gains. After the presale ends, the price of ETFSwap (ETFS) could increase by 10,000%. ETFSwap (ETFS) currently has a price of $0.03846. Users

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