Spot Ethereum ETFs Inflow Recovery Point To Incoming ETH Price Surge
As the crypto market continues to sail a bearish wind, many experts are optimistic that the recent bullish shift in Spot Ethereum ETFs inflow could help change the narrative for the ETH price. They are also confident that the Spot Ethereum ETF inflow will assist an ETF token ETFSwap (ETFS) in seeing new highs in its ongoing presale. Let’s discuss the reason for the experts’ optimistic sentiment on ETFSwap (ETFS) and the ETH price.
ETFSwap (ETFS) Attracts Whales In Presale
ETFSwap (ETFS) is a blockchain platform that revolutionizes how crypto community members interact with exchange-traded funds (ETFs) through the tokenization of assets. The crypto ETF platform has seen an influx in whale transactions in its ongoing presale event, where it is offering its native token ETFS to everyone at a low price of $0.03846 per coin. One of the factors attracting the whales into the ETFSwap (ETFS) ecosystem is the option to trade tokenized ETFs, which includes spot Ethereum ETFs on the blockchain.
Further, ETFSwap (ETFS) allows traders to amplify their portfolio with fractional ownership and extend their trading position by over 50x on the platform derivative trading arm. Also, as part of the platform’s yield-generating opportunities, all users who buy its native token ETFS can make passive income by staking their tokens on the platform staking pool. In addition, ETFSwap (ETFS) follows regulatory guidelines by only partnering with MiCa-regulated investment banks to handle the trading of cryptocurrencies and securities.
ETFSwap (ETFS) also protects each user’s privacy by allowing them to carry out anonymous transactions through Zero-knowledge proofs. ETFSwap (ETFS) has also agreed to an audit of its platform smart contract by popular blockchain security firm Cyberscope. After a thorough examination, Cyberscope found no critical underlying conditions that could make ETFSwap (ETFS) vulnerable to Cyber attacks.
The whales are also impressed by the platform’s native token ETFS, which serves various purposes on the network, including governance, allowing users to participate in the decision-making on the platform. Also, only users who hold ETFS will have the opportunity to trade tokenized ETFs and benefit from all the other features on the network. However, users who buy and hold ETFS will gain added perks like bonuses and exclusive trading opportunities.
Spot Ethereum ETFs Post Recovery
According to data analytic firm SoSo Value, Spot Ethereum ETFs recorded $1.52 million in net inflows on September 13, 2024. The inflow suggests that investors are beginning to show interest in Spot Ethereum ETFs after a period of instability during which they recorded no inflows or even slight outflows. Among the top gainers for the day was the Bitwise Spot Ethereum ETFs, which recorded a positive inflow of $5.2 million. The other gainer was BlackRock iShares spot Ethereum ETFs, which netted $3.67 million in positive inflow after a consolidation period.
Following the Spot Ethereum ETFs inflow, experts speculate that the ETH price could be on the road to $10,000, as several indicators point to a recovery for the token. A careful analysis of the ETH price chart shows that its RSI has been hovering around the 40s for the past two years, indicating strong buying pressure.
Also, the ETH price has plunged by over 50% from its all-time high, aligning with Fibonacci retracement patterns. The market experts are optimistic that if Ethereum (ETH) follows the trajectory of its historical price pattern, the token could hit a high of $11,000 with enough market-wide bullish momentum. According to CoinGecko, Ethereum (ETH) exchanges hands around $2,390 and ranks 2nd in the crypto market.
Conclusion
As the ETH price prepares to race to the $10,000 mark following the bullish shift in Spot Ethereum ETFs inflow, market experts speculate that ETFS will surge to the $5 mark. One reason for their bullish sentiment on ETFSwap (ETFS) is the anticipation for the approval of several other crypto-related ETFs in the crypto industry. When ETFS surges to $5, all, including the whales who bought it now, will have realized over 200x yield on their investments. So what are you waiting for? Hurry and buy ETFS today!
For more information about the ETFS Presale:
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