Spot Solana ETFs were recently approved for trading by the Brazilian authorities, increasing anticipation for approval of a spot Solana ETF in the United States. As crypto community members anxiously await a spot for Solana ETF in the US, experts have identified ETFSwap (ETFS) and Ondo Finance (ONDO) as tokens that will surge in value before the approval. This article discusses the factors surrounding the experts’ optimistic view.
ETFSwap (ETFS) Revolutionizes ETF Trading With Tokenization
ETFSwap (ETFS) is one of the blockchain platforms spearheading the tokenization rally, and its unique innovation is to tokenize exchange-traded funds (ETFs). The tokenized ETFs on ETFSwap (ETFS) directly represent traditional ETFs on the blockchain, allowing users to access all ETFs, including spot Solana ETFs on-chain.
Further, users can trade these spot Solana ETFs with leverage, enabling them to maximize their profits with little capital. Users interested in diversifying their portfolios can benefit from the platform’s fractional ownership feature. Also, in terms of security, ETFSwap (ETFS) has implemented state-of-the-art security measures to protect its users and ecosystem. In addition, the ETFSwap (ETFS) team has been verified by SolidProof, a smart contract security auditing firm based in Germany.
A feature that users will mostly appreciate on ETFSwap (ETFS) is its seamless swapping functionality, which enables the conversion of ETFs like spot Solana ETF to other cryptocurrencies. However, to access this feature and every other feature on the ETFSwap (ETFS) ecosystem, which includes trading Spot Solana ETFs, users must hold a portion of the platform’s native token ETFS. As its native token, ETFS will power every operation on the ETFSwap network, including serving as a payment method on the platform.
Token holders also gain perks like voting rights and discounts. Do you want to buy ETFS? You can do so by participating in the platform’s ongoing presale event, where it is offering its native token at a low price of $0.01831. Interestingly, if you buy ETFS now, aside from gaining access to trade spot Solana ETFs, you will make a profit on your purchase when the token price automatically increases to $0.03846.
ONDO Finance (ONDO) Affected By Market Downtrend
ONDO Finance is a cross-chain DeFi platform that aims to bridge the gap between traditional and decentralized finance through asset tokenization. To achieve its mission, ONDO Finance has deployed several products and services that allow investors to dabble in institutional-grade assets.
One of those products on ONDO Finance is USDY, a yield-bearing tokenized note directly backed by US Treasuries. ONDO Finance also features OUSG, a tokenized ETF that, like USDY, is backed by US Treasury bills short-term. Another product on ONDO Finance is Flux Finance, which enables users to borrow and lend stablecoins using tokenized US Treasuries as collateral.
ONDO, the platform’s native token, has remained in limbo after making a significant bounce back from the $0.60 level to above $0.70 early in August 2024. However, it could eventually garner enough momentum to break past its current all-time high of $1.48 after the approval of a spot Solana ETF in the United States. According to Coinmarketcap, Ondo Finance currently trades at $0.73 and ranks 62nd in the crypto market.
Conclusion
Experts are optimistic that ETFSwap (ETFS) and Ondo Finance (ONDO) will surge in value ahead of a spot Solana ETF launch in the United States. However, ETFSwap (ETFS) has more potential to benefit because its native token, ETFS, is expected to surge by over 20,000% as crypto-related ETFs, including spot Solana ETFs, increase in the crypto market. Also, ETFSwap (ETFS) aims to launch its ETF product sometime in 2025, increasing the crypto ETFs in the market. So now, at its early stages, is the time for all investors to hurry and buy ETFS to boost their ROI when the token reaches its full potential.
For more information about the ETFS Presale:
