How Spot Bitcoin ETFs Boom Will Affect ETFSwap (ETFS)
ETFSwap (ETFS) is a DeFi trading platform that tokenises real-world ETFs. With the ETFSwap (ETFS) platform, investors can buy and trade ETFs on the blockchain. Due to the ETFSwap (ETFS) platform’s role in the ETF market, its native token is poised to rise high in the next bull cycle as inflow into the ETF market increases. This increase is similar to how Bitcoin (BTC) soared a few months ago due to the huge inflow that Spot Bitcoin ETFs received.
Already, the ETFSwap (ETFS) native token has been bullish over the past few weeks. The amount of ETFS tokens sold crossed 500 million, and the amount raised hit over $4 million. This increase shows that investors have seen the potential of the ETFS token to rise by the time the ETF starts to record high investment inflows. With the recent rate cut from the US Fed, investments are rising, and the ETF market is set to receive a huge chunk. In the past, the drop in Spot Bitcoin ETFs investment has caused Bitcoin (BTC) to decline, and a rise in Spot Bitcoin ETFs inflow has also boosted it. Hence, experts are confident that an ETF investment will also positively affect ETFSwap (ETFS).
Added to the expected boost of the ETF market, the market adoption of the ETFSwap (ETFS) native token is also set to boost the token’s potential to soar in “uptober”. The ETFS token isn’t without use. On the ETFSwap (ETFS) trading platform, the ETFS token allows users to access AI-powered tools that make it easy to get maximum gains when using perpetual trading on the platform. Holding the token also allows users to enjoy discounts and access to other exclusive tools. Additionally, the ETFS token enables investors to enjoy up to 36% profit via the staking pool and up to 87% returns on APR yield. Other use cases include voting rights, airdrop rewards, and more.
Another factor is the hype the ETFS token will get as its scheduled listing on Binance and other major exchanges draws close. As Bitcoin (BTC) is set to hit $100,000 in uptober, ETFS would target $7 from its current price of $0.03846.
Historical Uptober Set To Bring In A Rally For Bitcoin (BTC)
While Bitcoin (BTC) has seen an over 50% increase this year so far, it has fluctuated over the past four months. Bitcoin (BTC) has also been unable to retest its all-time high of $73,000. With October already here, Bitcoin (BTC) is set to rally high especially with inflow from Spot Bitcoin ETFs. According to historical data, since 2010, Bitcoin (BTC) has increased by over 29% every October and by over 35% in November.
The “uptober ” effect will occur as the crypto market enters October. Interestingly, the uptober boost is not particular to Bitcoin (BTC). Altcoins like ETFSwap (ETFS) are also set to enjoy a huge rise. Even the ETF market which includes Spot Bitcoin ETFs is set to see an uptick.
Conclusion
Just like Bitcoin (BTC), as uptober sets in, ETFSwap (ETFS) is poised to combine the usual boost of the month and the rise of ETF market inflow. And with the upcoming launch of the CyberScope-audited ETFSwap (ETFS) trading platform and the ETFS token listing soon, a 200x is within reach.
Buy ETFS now at only $0.03846 to enjoy this huge uptober rise. For Bitcoin (BTC) investors, adding the ETFS token to your portfolio this month will position you for astronomical gains.
For more information about the ETFS Presale:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
