Market pundits have turned attention to the new token promising 3000x profits in one and half months as Spot Bitcoin ETF outflows surpass $300 million. Recent Bitcoin price action has hit a bearish trend, leaving investors unsure of market direction in the coming months. However, the new ETFSwap (ETFS) has quickly become the favorite investment pick for many amid promising returns from its currently undervalued presale price. Read on to see how you can get in early as well.
ETFSwap (ETFS) Entice BTC Investors With Over 3000x Profits In Coming Weeks
ETFSwap (ETFS) is poised to outperform Bitcoin price action in the coming months as investors consider altcoin to be the ideal high rise for best market gains. The new project aims to democratize the ETF market by allowing decentralized access to ETF assets tokenized on the blockchain. This on-chain access presents new ways to trade and invest in ETFs while offering broader means for profits.
Experts believe that the prospects on ETFSwap (ETFS) continue to grow higher as Spot Bitcoin ETF flows drive market momentum on Bitcoin (BTC) and other altcoins. The emergence of Spot Ethereum ETFs and rumors of other crypto ETFs are positive triggers for a huge price rally on the new ETF trading platform.
Capitalizing on unique blockchain capabilities, ETFSwap (ETFS) aims to build a platform that supersedes the existing centralized platforms for trading ETFs. The new platform will facilitate staking rewards, access to liquidity via lending, fast ETF settlements, lower trading costs, zero-KYC permissionless trading, and many more.
Investors familiar with centralized platforms have shown enthusiasm for using the new ecosystem, and the upcoming beta launch provides an opportunity for that. ETFSwap (ETFS) has launched on testnet and is undergoing thorough testing and platform optimization. The beta platform will offer a first look into platform features, which include staking, liquidity pools, ETF price tracker, and more.
The ETFSwap (ETFS) has also passed a KYC audit carried out by SolidProof, further building confidence in the project among early investors.
$300M Spot Bitcoin ETF Outflows Drive BTC Price Downwards
Bitcoin price has hit a bearish reversal over the past few days, and there’s no other place to look than the $300m Spot Bitcoin ETF outflows to begin October. Bitcoin price closed September above $63,000 after attracting a record $1.1 billion Spot Bitcoin ETF inflows to close the historically bearish month.
The escalating Iran-Isreal conflict pushed Bitcoin’s price down to $60,047 from October 1 to 3. On October 4, US labor market data gave room for a bullish reversal above $61,000. Spot Bitcoin ETF outflows in the first week of October are suppressing price action on the largest cryptocurrency.
As of this writing, Bitcoin price is trading at $60,860 still struggling to recover losses from the first week in October. Aside from Spot Bitcoin ETF outflows, crypto analyst Ali Martinez highlights selling pressure from Bitcoin (BTC) miners, which is exerting selling pressure on the cryptocurrency.
He further adds that investors can watch Bitcoin price for a break above $63,000, suggesting that it could be a critical support level for the cryptocurrency. However, investors seem to have moved to an emerging rival coin, ETFSwap (ETFS), for better returns.
Conclusion
Bitcoin (BTC) is the largest cryptocurrency in the market and is not the ideal pick for massive market gains. Amid recent Spot Bitcoin ETF outflows, the search for the next breakout coin has led experts to ETFSwap (ETFS), which promises huge returns and low-risk entry. ETFSwap (ETFS) has already raised millions on presale, but there’s still room for more investments in the final stage.
Get in now at $0.03846 per token amid the limited window.
For more information about the ETFS Presale:
Also Read: 5 Altcoins That Could Outrun Ethereum’s 2024 Surge – Get in Before This AI Token’s 9000% Explosion
Disclaimer and Risk Warning
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