Altcoin
Ethereum Spot ETF Approvals: Bitcoin and ETH Prices Not Moving, Altcoin Season Stopped
There are many reasons to believe that altcoin season is not over, however Ethereum (ETH) and Bitcoin (BTC) fails to recover in the wake of news that the Securities and Exchange Commission (SEC) had approved Spot ETFs on Ethereum. One reason is that ETFSwap (ETFS) will kick off another altcoin season with significant gains.
Approval of Spot ETFs on Ethereum to bring traditional investors to ETFSwap (ETFS)
The approval of Spot ETFs on Ethereum is set to drive mainstream investors to the ETFSwap (ETFS) platform. This category of investors is known to love returns, which they wanted to enjoy with Ethereum Spot ETFs. However, fund issuers like it Greyscale AND Fidelity had to cancel their staking plans from their respective Ethereum Spot ETFs.
Therefore, these investors are expected to move up-chain to enjoy these returns from the Ethereum (ETH) ecosystem and this is where ETFSwap (ETFS) comes into play. The decentralized investment platform offers the best of both worlds for these traditional investors. These investors can invest in the tokenized Ethereum Spot ETFs on the platform and also stake their Ethereum (ETH) and Bitcoin (BTC) to enjoy juicy staking rewards.
Users can also stake ETFSwap’s native ETFS token and earn more attractive returns than they would by staking Ethereum (ETH). These returns aren’t the only way these traditional investors will be able to earn passive income.
Holding the ETFSwap token (ETFS), Investors will also qualify for the platform’s revenue sharing program, whereby they will earn a share of the transaction fees earned on the investment platform. Unlike centralized entities like brokers, ETFSwap (ETFS) offers users more means to earn high returns. It also helps these investors save on the costs of their investments.
By integrating blockchain technology, ETFSwap (ETFS) is undoubtedly a more convenient way to invest in traditional assets rather than using intermediaries or third-party systems. Investors can also rest assured that there are no hidden costs when trading on the ETFSwap (ETFS) platform as everything is transparent on the chain.
Additionally, these investors can still enjoy discounted trading fees on ETFSwap (ETFS) simply by holding the platform’s ETFS token. Holding the ETFSwap (ETFS) token will also give these investors an idea of what it means to be part of a community as they will participate in governance and make decisions on updates to the ETFSwap (ETFS) platform.
The ETFSwap (ETFS) token boasts several utilities, which explains why cryptocurrency investors are so bullish on it and are aggressively accumulating it in Phase 1 of its ongoing presale.
The Altcoin season has just begun despite the underperformance of Bitcoin (BTC).
History suggests there is no need to worry about Ethereum (ETH) and other altcoins, which, by extension, did not rally following the approval of Spot Ethereum ETFs. Bitcoin (BTC) also failed to recover after the rally Spot Bitcoin ETFand the real action for the flagship cryptocurrency only began after Bitcoin ETFs began seeing significant net inflows.
The same thing is expected to happen with Ethereum (ETH), with the second-largest crypto token likely to enjoy parabolic price increases once these Ethereum Spot ETFs start trading and see large sums flowing into them. The price rally will kick off the altcoin season, with other altcoins following the cryptocurrency and also making parabolic moves higher.
Conclusion
The best and most profitable investors are not those who believe the hype, but those who bought into the narrative long before it caught the attention of others, as is the case with Bitcoin (BTC). Based on this, the most profitable ETFSwap (ETFS) investors will be those who purchased the crypto token long before it became the most prominent RWA project. That’s why there’s no better time than now to buy ETFSwap (ETFS), while it’s still on sale at the cheap price of $0.00854.
For more information on ETFS presale:
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