Spot Bitcoin ETFs have seen outflows of $1.3 billion Bitcoin (BTC) in the last seven days of trading. This massive Bitcoin outflow has caused analysts to speculate a price fall for the token in the coming week. In this light, investors seek better alternatives with ETFSwap (ETFS), a unique DeFi ETF trading platform, emerging as a potential solution.
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ETFSwap (ETFS): A Secure DeFi Alternative To Trade Spot Bitcoin ETFs
With Bitcoin’s price expected to fall following the rapid outflow of Spot Bitcoin ETFs, ETFSwap (ETFS) has experienced significant investor interest, as evidenced in its recent presale performance. This interest is due to the platform’s innovative trading blockchain platform, which allows users worldwide to trade tokenized ETFs guaranteed by actual ETF assets.
These assets are managed by financial institutions that comply with MiCa regulations and trade securities and cryptocurrencies. With the help of its blockchain, ETFSwap (ETFS) provides traders with anonymity and does not impose KYC checks before trading ETFs.
Unsurprisingly, the platform prioritizes user security and privacy as CyberScope, a cybersecurity firm audited and checked its smart contract’s, proving it to be safe from any vulnerabilities. The platform plans to launch its own ETF offerings in 2025, covering sectors such as technology, healthcare, energy, and others that currently lack such investment vehicles.
Crypto whales and investors have taken notice and are investing in ETFSwap (ETFS) to gain exposure to the global ETF market through this Ethereum-based platform. Experts predict that with the growing attention surrounding Spot Bitcoin ETFs and the anticipated launch of Solana (SOL) and Ripple (XRP) ETFs on the platform, ETFSwap (ETFS) is poised for a remarkable 108x return.
With the platform’s immense growth potential now within reach, the ongoing presale has become an irresistible opportunity for investors to secure a foothold in ETFSwap (ETFS) before the launch. Currently, each ETFS token is priced at an affordable $0.01381 and is expected to sell out before the presale ends.
Spot Bitcoin ETFs Outflow Hit A Two-Week High
According to data from Farside Investors, Spot Bitcoin ETFs have experienced significant outflows over the last two trading weeks, totalling $1.298 billion. Grayscale led the outflows, recording over $517.3 million in the same period.
BlackRock’s Bitcoin ETF was the only fund to post positive results, with $43.1 million worth of inflows. The recent spate of outflows across the Spot Bitcoin ETFs has been the worst since April, when the Bitcoin (BTC) investment vehicles posted total net outflows exceeding $1.2 billion between April 24 and the beginning of May.
Jonathan de Wet, chief investment officer at digital asset trading firm ZeroCap, stated that while “the bleed continues” across the broader crypto market, he expects the price of Bitcoin (BTC) to fall to its “key support” level at around $57,000 in the coming days. This potential decline is due to the anticipated Mt. Gox creditor repayments, expected to total nearly $9 billion in Bitcoin (BTC).
Numerous market commentators have shared concerns about the significant downward pressure that could arise from the German government’s BTC sales and the Mt. Gox creditor repayments. However, despite the expected short-term decline, de Wet maintains a bullish outlook for the long-term performance of BTC and the broader cryptocurrency market.
Why ETFSwap (ETFS) Is A Better Alternative
Investors recognize ETFSwap’s superior profit potential over driving substantial investments in its ongoing presale. The massive outflow of Spot Bitcoin ETFs expected to cause a significant decline for BTC has further increased interest in ETFSwap (ETFS). Make the most of this opportunity for substantial profits; invest now at $0.01831 before the price rises to $0.03846 in the next presale stage.
The tokens are selling out fast as crypto whales have arrived. Its profit potential is immense given its low entry price. Don’t miss out!
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