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The recently launched Bitcoin ETF token quickly sold out in presale, surpassing $2 million and advancing to Stage 7 in less than 72 hours.
In anticipation of the imminent Bitcoin ETF approval, the Bitcoin ETF token provides investors with a preview of the highly anticipated institutional trading environment, allowing them to take advantage of predetermined milestones as they approach.
As SEC discussions heat up, approval of BlackRock’s spot Bitcoin ETF moves closer.
BlackRock has resumed discussions with the SEC’s Trading and Markets Division to fine-tune the structure of its proposed spot Bitcoin ETF, according to Bloomberg ETF analyst Eric Balchunas.
There is particular focus on choosing between in-kind repayment and cash models, with BlackRock stating that it prefers the in-kind approach despite SEC recommendations.
A recent meeting discussed amendments to NASDAQ regulations where BlackRock proposed a revised spot model. The SEC is concerned about the impact on balance sheets, but BlackRock is taking a firm stance.
If approved, BlackRock’s ETF could attract institutional capital, potentially pushing Bitcoin to new highs of $141,000. Ongoing discussions indicate progress in the approval process and the results are eagerly awaited with potential implications for mainstream cryptocurrency integration.
Bitcoin ETF token presales surge amid expectations of increased cryptocurrency adoption
As traders celebrate the potential for increased mainstream adoption, one project capitalizing on this enthusiasm is the Bitcoin ETF Token, a notable new Ethereum-based cryptocurrency. The platform recently launched a pre-sale of its token, $BTCETF, at a price of $0.006 per token.
In less than a month since its official launch, $BTCETF has successfully raised over $2 million in pre-sales, demonstrating strong community support and investor confidence. The pre-sale of $BTCETF will consist of 10 stages, with each stage subject to specific allocation and pricing mechanisms.
84 million tokens will be available at each stage, ensuring a steady supply throughout the pre-sale period. Starting from $0.005 in the initial phase, the token price gradually increases, reaching $0.0068 in the final phase. This tiered pricing approach rewards early buyers and gradually increases the value of the token.
There are only 3 days left until the end of Stage 6. #Bitcoin ETF! ποΈ Stay tuned for the countdown! pic.twitter.com/1A11RwdX20
β BTCETF_Token (@BTCETF_Token) November 29, 2023
The pre-sale goal is $4,956,000. Buyers can purchase $BTCETF using Ethereum, USDT, or traditional card payments. The total supply of $BTCETF tokens is limited to 2.1 billion, with 40% (840 million) of this total being used for pre-sale.
Additionally, 10% of tokens are set aside for exchange liquidity provisions, ensuring smooth trading and stability. The remaining 50% of the supply will be split evenly between staking rewards and dynamic token burns to incentivize the community and ensure long-term stability.
Watch the video above for more details on $BTCETF token pre-sale updates and follow his YouTube channel for more cryptocurrency-related content. Jacob Crypto Bury also maintains a Discord channel with 17,000 members. In this channel, users can get trading tips and learn about upcoming cryptocurrency pre-sales.
High-yield staking cryptocurrency with deflation mechanism
A standout feature of the Bitcoin ETF token is its high-yield staking system, which currently offers early stakers a high Annual Percentage Yield (APY) of 122%, with over 210 million $BTCETF tokens already staked.
While this attractive APY is beneficial for early participants, it is important to realize that the APY may decrease as more tokens are staked during the pre-sale phase. Additionally, 25% of the token supply will be allocated to staking rewards, with the goal of providing significant returns to both early and long-term stakers.
The phased distribution of these rewards over five years highlights the project’s commitment to continued growth and stability. $BTCETF also incorporates a unique deflation mechanism to maintain scarcity and maintain value over time.
The project plans to burn up to 25% of the total supply over five stages in conjunction with events such as formal filing, approval, and spot ETF launch. In particular, there is a 5% transaction tax, which is gradually reduced by 1% at each stage, contributing to the project’s deflationary model.
With the potential approval of a Bitcoin spot ETF by regulators such as the Securities and Exchange Commission, which could inject billions of dollars into the cryptocurrency market and spark a new bull market, $BTCETF is targeting those looking to seize opportunities in the evolving cryptocurrency market. It is strategically located for this purpose. ETF landscape.
Interested investors can keep up to date with the latest news, especially regarding the approval of the much-awaited spot Bitcoin ETF, through the Bitcoin ETF Token’s Telegram channel. To participate in the $BTCETF token presale, visit btcetftoken.com.
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