Spot Ethereum ETFs See $62.5 Million in Inflows
On September 24, Spot Ethereum ETFs witnessed a significant resurgence, attracting $62.5 million in net inflows. This influx increased the cumulative value of Spot Bitcoin ETFs and Spot Ethereum ETFs to an impressive $200 million. As the market dynamics shift, ETFSwap (ETFS) is preparing to launch its ETF trading platform, providing global access to crypto ETFs.
ETFSwap (ETFS) Prepares for Beta Platform Launch
ETFSwap (ETFS) is a tokenization platform designed for institutionally provided exchange-traded funds (ETFs). The platform enables investors and traders worldwide to access a diverse range of ETFs, including:
- Commodity ETFs
- Fixed-income ETFs
- Crypto ETFs (including Spot Bitcoin and Spot Ethereum ETFs)
The ETFs available on ETFSwap are backed by real-world assets across various industries, such as healthcare and agriculture. This diverse asset base allows investors to effectively hedge against losses and diversify their portfolios.
Anticipation Builds for ETFSwap Launch
With ETFSwap’s unique proposition, investors are eagerly awaiting the platform’s launch. Soon, they will get an exclusive first look at the trading infrastructure, allowing them to explore the platform’s advanced features and tools.
Advanced Trading Tools and Algorithms
ETFSwap will offer innovative trading tools and algorithms designed to enhance traders’ strategies, including:
- ETF Screener: Helps traders identify suitable ETFs based on market conditions.
- ETF Tracker: Provides insights into market trends and patterns.
These tools analyze vast amounts of market data to extract valuable insights, assisting traders in making informed investment decisions. Additionally, ETFSwap’s market-making algorithm minimizes slippage and tightens spreads, ensuring optimal liquidity for all trades.
Security Measures in Place
ETFSwap has prioritized security, undergoing a thorough audit by Cyberscope, a cybersecurity auditing firm. The audit found no significant security risks, assuring users that their funds will be safe upon the platform’s launch.
Spot Ethereum and Bitcoin ETFs Performance
Spot Ethereum ETFs experienced their best trading day since August on September 24, securing $62.5 million in net inflows. Combined with Spot Bitcoin ETFs’ net inflows of $136 million, total inflows for both asset classes reached nearly $200 million.
Despite recent outflows that had pushed Ethereum’s (ETH) price below $2,200, the renewed interest in Spot Bitcoin ETFs has revitalized the market. As of now, Ethereum is trading at $2,623.69.
Since September 9, Spot Bitcoin ETFs have gained $1.04 billion in net inflows, with Bitcoin (BTC) currently trading at $63,791.82, marking a 7% increase from the previous week.
ETFSwap (ETFS) Final Presale Phase
ETFSwap (ETFS) is concluding its third presale phase, having sold over 7 million tokens and raised more than $1.52 million in just two weeks. Analysts predict a staggering 40,000% surge for the token shortly after launch due to its extensive utility and impressive presale performance.
Investors have a limited time to purchase the token, currently priced at $0.03846, before the anticipated price surge. A 50% bonus promo is available, allowing investors to acquire more tokens for greater potential profits.