Ethereum (ETH) staking has amassed 60,000 new depositors since the approval of Spot Ethereum ETFs. While investors now wait for the ETFs to hit the market for trading, ETH presents bullish market prospects and could rally to a new all-time high in the coming weeks. Amid the impressive prospects on Ethereum (ETH), ETFSwap (ETFS) has exhibited potential, establishing itself as the next big breakout coin in the market.
ETFSwap (ETFS) Presale Expected To Surge By 108x Amid ETF Anticipation
The recent excitement on Spot Ethereum ETFs and other crypto ETFs have been positive for ETFSwap (ETFS). The new Ethereum-based platform presents some unique opportunities on presale as early investors book spots for massive profits ahead.
ETFSwap (ETFS) is an emerging blockchain-based platform offering trading and investment access to the global ETF market via tokenized ETFs. These tokenized ETFs will be backed by actual securities from traditional markets and will have much more investment flexibility and other benefits.
With tokenized ETFs, ETFSwap (ETFS), some of the market challenges faced when exploring ETF assets include limited compatibility, use of centralized platforms, trading hour limits, and others. However, the new ETF trading platform will help users overcome these challenges by leveraging the blockchain for its unique features, enhanced security, and transparency.
Prospective users on ETFSwap (ETFS) can buy ETF assets that cut across healthcare, energy, commodities, and technology, among many other industries. The new DeFi platform will facilitate fast settlements, staking and lending opportunities, lower trading costs, seamless crypto to ETF swaps, and decentralized, permissionless trading.
Furthermore, ETFSwap (ETFS) has won the favor of investors for promising to allow trading without KYC registration, a significant barrier for crypto investors looking to explore ETF assets. With the massive hype on ETFSwap (ETFS), experts predict upsides of 108x amid ETF noise and the general bullish prospects on tokenized real-world assets.
On-chain Data Shows Growing Ethereum (ETH) Stakers
Ethereum (ETH) price surged following the approval of Spot Ethereum ETFs, and the cryptocurrency has found a decent consolidation range ahead of final S-1 filings approval, which will allow the funds to hit the market for trading. Amid the impressive price action of ETH, CryptoQuant reports a rapid increase in the number of depositors.
This growing number of deposits denotes the growing network depth, decentralization, and locked supply, all of which are bullish indicators for a crypto asset. The market analysis firm reports 1,375 981 unique ETH depositors at the close of May 19. However, the number has added 59,984 new ETH depositors, bringing the total number to 1,435,875 as of June 30.
This is an exciting trend as the expected approval on Spot Ethereum ETFs will not allow staking of the asset. Therefore, experts believe that the demand for Spot Ethereum ETFs will pale in comparison to its Bitcoin (BTC) counterpart. Alternatively, this could also mean higher demand for the true Ethereum (ETH) asset, which will allow holders to seek out passive income with the staking opportunity.
Ethereum (ETH) is trading at $3,479 as of this writing, following a rebound from its weekly lows. While Ethereum (ETH) prospects hinge on regulatory approvals and framework, investors have demonstrated confidence in the crypto asset and look to book profits at the launch of Spot Ethereum ETFs.
Conclusion
ETFSwap (ETFS) is positioned for massive growth as an Ethereum-based platform while capitalizing on the bullish narratives around Spot Ethereum ETFs and tokenized real-world assets. Experts have predicted an enormous upside for the new platform as presale tokens trade at a massively underpriced entry.
The ongoing presale is selling at $0.01831, and the price is set to increase to $0.03846 in the coming weeks. Claim a 40% bonus on your purchase when you use the promo code “ETFS40.”
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