Spot Bitcoin and Ethereum ETFs have witnessed a record-breaking $2 billion month of inflows. As usual, Bitcoin (BTC) was the top gainer, recording the most inflows in contrast to Ethereum (ETH). This significant milestone underscores the rising adoption of Spot Bitcoin and Ethereum ETFs, with major DeFi platforms like ETFSwap (ETFS) benefiting the most from the increased demand for Exchange-Traded Products (ETPs).
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DeFi Platform ETFSwap (ETFS) Sees Demand Surge
After the launch of Bitcoin and Ethereum ETFs, ETFSwap (ETFS) has seen a steady rise in adoption. It has attracted more than 10,000 users, all of whom are currently flooding its ongoing presale to purchase ETFS, the native token of the ETFSwap ecosystem. This DeFi platform allows users to access tokenized ETFs and boasts an extensive library of institutional ETFs.
ETFSwap (ETFS) also utilizes blockchain technology to boost transparency and improve security on its DeFi platform. Many amazing features on ETFSwap (ETFS) help traders streamline their trading strategies and improve their experience. These include 24/7 ETF risk management services, lower trading fees, round-the-clock accessibility, and tokenized ETF management services.
To ensure its security and integrity, ETFSwap (ETFS) has obtained licenses from the necessary regulators. The DeFi platform has undergone a comprehensive audit procedure by CyberScope, one of the best cyber security and blockchain audit firms in the crypto space. The audit consisted of a thorough examination of ETFSwap’s smart contracts, highlighting its powerful underlying infrastructure and strong security capabilities against cyber attacks.
In terms of privacy, ETFSwap (ETFS) has stayed dedicated to protecting users’ sensitive information, eliminating KYC requirements on its DeFi platform to streamline account opening processes and prevent interference from regulators and other financial organizations.
Moreover, this DeFi platform provides users exclusive incentives such as automatic monthly token airdrops, up to 10x leverage on all trades, 87% APR yield and up to 50x leverage on perpetual futures and options trading. ETFSwap’s ecosystem is also powered by its native token, ETFS.
Investors can gain access to ETFSwap’s tokenized institutional ETFs by investing in ETFS tokens. As an ERC-20 token, ETFS offers users swift decentralized transactions and can be staked to earn passive income and staking rewards.
This token is available at ETFSwap’s ongoing presale stage at a modest price of $0.01831. However, investors should hurry as the price is set to rise to $0.03846 by the next stage.
Spot Bitcoin And Ethereum ETFs Experience Record-Breaking $2 Billion Month
In just the month of June, Spot Bitcoin and Ethereum ETFs have recorded inflows totalling $2 billion, marking a strong five-week streak, with cumulative reaching $4.3 billion. This massive increase in inflows was followed by a surge in trading volumes for ETPs which rose as high as $12.8 billion, signaling a 55% increase from the previous week.
Interestingly, these inflows were spread across all ETF providers, underscoring a general revival of investor confidence in the asset class. In its blog post, CoinShares revealed a slowdown in outflows, attributing this turnaround to weaker macroeconomic data from the United States, which has triggered speculation about a potential reduction in monetary policy rates.
Unsurprisingly, the US-led Spot Bitcoin and Ethereum ETFs totaled a staggering $1.98 billion in inflows, with the iShares Bitcoin ETF (IBIT) being the top gainer among the 12 Spot Bitcoin ETFs in the US market.
While Bitcoin (BTC) saw $1.98 billion in inflows, Ethereum (ETH) recorded a robust week, drawing $69 million in inflows, marking its best performance since March. This unexpected influx has been attributed to the United States Securities and Exchange Commission (SEC) approval of Spot Ethereum ETFs on May 23.
Conclusion On Spot Bitcoin And Ethereum ETFs Soaring Inflows
As Spot Bitcoin and Ethereum ETFs record significant inflows, ETFSwap (ETFS), a DeFi platform for trading ETFs is benefiting from the market’s renewed interest. ETFSwap’s presale has already achieved multiple milestones, attracting hundreds of users and selling millions of tokens daily.
Its presale is currently open to all crypto enthusiasts and global investors who are interested in engaging the multi-trillion dollar ETF market. Investors are encouraged to purchase ETFS tokens now before the price of each token surges to $0.03846 by the next presale stage.
For more information about the ETFS Presale:
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