The Bitcoin ETF ($BTCETF) token continues to grow in popularity after raising over $600,000 in just one week.
Investors are rushing to the project as it provides direct exposure to the Bitcoin ETF approval by the SEC, with real-world milestones linked to its growth.
With the Bitcoin ETF approval looming, investors expect huge 50x returns by the time the SEC announces the approval of the first institutional Bitcoin trading vehicle in US markets.
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Bitcoin ETF Sees Rapid Influx as BTC ETF Approval Looms
Bitcoin ETF ($BTCETF) has seen a rapid influx as investors continue their hunt for direct exposure to the Bitcoin spot ETF approval event.
The narrative behind the Bitcoin spot ETF has been building over the past few weeks, causing Bitcoin’s price to rise as high as $37,500 recently.
The surge is attributed mainly to traders attempting to get into Bitcoin before the approval, as they expect a massive surge following its announcement.
However, many traders are starting to realize that investing in Bitcoin might not be the best option to maximize gains and are looking for alternative vehicles to profit from the event.
As a result, Bitcoin ETF is starting to see momentum as it provides direct exposure to the event.
The project lets investors get invested in the significant Bitcoin event ahead of the fact, allowing them to ready their wallets before the first Bitcoin ETF is approved.
$BTCETF seeks to celebrate and capitalize on the arrival of the first Bitcoin ETF in the US financial markets, with real-world milestones directly linked to the approval.
It features an innovative burning mechanism and staking utility that has investors believing newcomers will struggle to buy $BTCETF after the presale, leading to a 50x surge in price.
Bitcoin ETF Introduces Innovative Burning Mechanism Linked to Real-World Milestones
One feature that has investors of $BTCETF excited is its innovative burning mechanism.
Bitcoin ETF introduces a burning mechanism that links its supply to major milestones in the Bitcoin ETF approval event.
As a result, the closer the Bitcoin ETF gets to launching on US institutional financial markets, the more tokens are burnt.
Therefore, the fate of $BTCETF is directly tied to the face of Bitcoin and the expected ETF, providing enhanced exposure to the event.
When one of the predetermined milestones is met, the $BTCETF smart contract will burn 5% of the total supply.
With five predetermined milestones set, the project will burn a quarter of its total supply by the time the Bitcoin ETF launches.
The milestones include the following:
- The 24-hour trading volume in $BTCETF reaching $100 million.
- The SEC approving the first Bitcoin ETF in the US.
- The first Bitcoin ETF launching in the US.
- The assets under management in Bitcoin ETFs reaching $1 billion.
- The Bitcoin price closing a daily candlestick above $100,000.
Investors believe there will be a sudden price surge after each milestone is met as investors celebrate the achievement.
Furthermore, $BTCETF also incorporates a sales tax, which will burn tokens upon each market sell order – creating additional deflation in the ecosystem.
Starting at 5%, the sales tax will be reduced by 1% when each milestone is hit. When all five are met, the sales tax will disappear.
$BTCETF also introduces a staking mechanism that provides a return for investors.
Currently, those staking their $BTCETF tokens are earning an impressive 400% APY;
The act of staking will shrink the circulating supply, meaning those entering the market after the presale will struggle to buy $BTCETF and will have to pay higher prices.
Together, these mechanisms create a deflationary nature for $BTCETF, consistently reducing the supply. As a result, investors are confident these tokenomics prime $BTCETF for an epic pump by the time the Bitcoin ETF is approved.
Just One Day At Current Prices – Get Positioned Before It’s Too Late
The presale for $BTCETF continues to gather momentum after crossing the $600,000 milestone.
The presale is selling 40% of the 2.1 billion $BTCETF supply in the presale.
Another 25% is reserved for community rewards, 25% for the burning mechanism, and 10% for the exchange liquidity.
Therefore, the entire supply will be in the hands of the community, creating an ideal tokenomics structure for huge returns.
The presale is currently selling $BTCETF for $0.0052.
However, with the rising pricing strategy, there’s just one day left to get positioned at these prices as they will increase.
Overall, with the Bitcoin ETF narrative dominating the market, $BTCETF is one of the only projects besides Bitcoin that provides direct exposure to the event. Expect massive pumps as the event continues to close in.
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