Spot Bitcoin ETFs have been all the rage in the investment world recently. After approval last January U.S. Security and Exchange Commission (SEC), BlackRock’s IBIT has surged in popularity along with 10 other investment funds, breaking trading records set by other ETFs. The launch of the Spot Bitcoin (BTC) ETF signals the growing mainstream acceptance of cryptocurrencies, and Bitcoin in particular, as an asset class.
These ETFs provide an easy way for both institutional and individual investors to gain exposure to these emerging assets. According to ReutersHong Kong regulators are expected to approve the Spot Bitcoin ETF as early as next week, making such an investment vehicle available to the Chinese institutional community.
While the cryptocurrency community continues to celebrate the entry of institutional investment into Bitcoin (BTC), ETF Swap (ETFS) Raised $750,000 in funding to launch Spot Bitcoin ETF on blockchain.
The goal of this platform is to make these ETFs available to both retail and institutional markets. It is also interesting to note that ETFSwap (ETFS) is paving the way to bring exchange-traded funds (ETFs) across all industries to decentralized finance (DeFi).
Bringing Spot Bitcoin ETFs to DeFi
ETF Swap (ETFS) A decentralized financial platform that strives to make the Spot Bitcoin ETF available to all investors. The core of ETFSwap (ETFS)’s business model is tokenizing ETFs on the blockchain. To make this a reality, ETFSwap (ETFS) has partnered with MiCa compliant regulated investment banks to handle both securities and cryptocurrency trading.
The platform also ensures that these tokenized assets are backed by real securities purchased from traditional ETF markets, including cryptocurrencies, precious metals, and commodities. Like the existing Spot Bitcoin ETF, ETFSwap’s (ETFS) tokenized Bitcoin ETF is supported 1:1 as follows: Physical Bitcoin (BTC) gives investors direct exposure to cryptocurrencies.
However, unlike traditional products, ETFSwap’s integration with blockchain technology allows investors to easily switch between cryptocurrency assets and the comprehensive ETF market. An additional benefit is that investors can trade some of these ETFs with up to 10x leverage.
ETFSwap (ETFS) reduces trader fees by eliminating intermediaries such as brokers and custodians. Any investor can buy and sell ETF shares 24/7 by connecting their digital wallet to the platform. As a DeFi platform, it leverages blockchain technology to provide superior security for user assets and trustless transactions.
ETFSwap raised $750,000 in 3 days.
ETFSwap (ETFS) recently closed a private round of funding for ETFS, raising a total of $750,000 from strategic investors in just three days. ETFS is a transaction-yielding utility token that powers the ETFSwap (ETFS) ecosystem. Holding and staking ETFS offers users a variety of benefits, including APR returns of up to 87%.
The speed with which this private round of financing was completed highlights the strong interest from investors. ETFSwap (ETFS) A vision to bring Spot Bitcoin (BTC) ETF and ETFs of other asset classes to decentralized finance. The successful completion of this private round will bring ETFSwap (ETFS) one step closer to accomplishing its mission as the funds raised will be deployed to accelerate the development, launch, and expansion of the ETFSwap platform.
ETFS Pre-sale
ETFS pre-sale is now open to the general public. Now, in the first pre-sale round, early participants in this phase can receive an 18% bonus on their purchases. ETFSwap (ETFS) is working to reinvent a $10.6 trillion market, and a pre-sale is allowing investors to get in on the ground floor. In addition, ETFS tokens provide holders with several benefits, including discounted trading fees, staking rewards, and governance rights.
Phase 1 is currently open at $0.00854 per token and 17.04 million tokens have already been sold. Apparently, Phase 1 tokens will sell out before the end of the pre-sale round. After this round, Phase 2 will start at $0.01831 per token.
For more information on the ETFS pre-sale, see:
Visit ETFSwap Presale
Join the ETFSwap Community
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