ETH Price Crashes Rapidly Despite High Spot Ethereum ETFs Inflows, What’s Going On?

2024-10-7 22:00

ETH holders are pondering the reason for the recent ETH price crash despite the significant inflows into Spot Ethereum ETFs in the past few days. While investors show high demand for Spot Ethereum ETFs, this interest has not been seen in the ETH price. On the flip side, ETFSwap (ETFS), an Ethereum-based crypto project, has grown by 350%, triggered by investors’ heightened demand for its tokenized institutional-grade ETF. ETFSwap (ETFS): A DeFi Platform Set To Transform The ETF Market

Although ETFSwap (ETFS) has only spent a few months in the presale market, experts have already predicted that this DeFi platform will witness a game-changing price rally following its launch. This platform’s innovative approach towards trading ETFs has caught the attention of both retail and institutional investors. As a result, many investors are joining its presale to invest in its native token, ETFS, ahead of the approaching bull market.

The ETFS token is expected to witness a 108X growth, driven by the launch of its own ETF in 2025 and the potential introduction of a Solana and XRP ETF. While STFSwap (ETFS) will provide access to Spot Ethereum ETFs, this platform will also allow users to trade more ETFs as soon as they enter the market.

By trading ETFs on this platform, users can gain up to 87% APR yield, a 50X trading power, the ability to close and open trades at all times and high-value ETF trading strategies. Moreover, investing in the ETFSwap (ETFS) token will help investors gain lower trading fees, earn monthly token airdrops and enjoy staking rewards with passive income.

In addition to these trading perks, ETFSwap (ETFS) offers a highly secure trading system with a KYC-absent entry process. This platform prioritizes the safety of its users, protecting them from fraud and other forms of cyber attacks. Verifying its authenticity and security, ETFSwap’s smart contracts have been audited by CyberScope, a leading blockchain audit firm, while its team has completed a KYC verification exam with SolidProof.

Presently, ETFSwap (ETFs) is planning to launch phase 1 of its beta platform, where users will be able to engage in staking activities, contribute to its liquidity pool, and even explore its ETF swapping features. In Phase 2, ETFSwap (ETFS) will provide access to AI-backed ETF tools such as an ETF tracker, filter and screener.

Given its cutting-edge trading capabilities and profit potential, ETFSwap’s token is selling out rapidly at a modest price of $0.03846. Currently, more than $5 million has been raised during the final presale, underscoring investors’ massive demand and interest in the ETFS token.

ETH Price Keeps Lagging Despite Spot Ethereum ETFs Inflows

Spot Ethereum ETFs have recorded new inflows of $87 million, achieving three consecutive weeks of inflows, which have amounted to a total of $1.2 billion. This massive inflow comes after Spot Ethereum ETFs experienced almost five weeks of outflows, with Grayscale’s Spot Ethereum ETF recording the most outflows.

While these Spot Ethereum ETF inflows may have renewed investor confidence in Ethereum (ETH), the cryptocurrency is still trading sideways, raising concerns about its potential to end the year with significant gains. The ETH price experienced a significant price crash of about $3.24 in the last 24 hours and another 3.5% over the past week. As a result,  the cryptocurrency is now trading at $2,524.

Despite the bearish trend, the recent inflows into Spot Ethereum ETFs signal a growing interest in crypto-based ETFs offered by platforms like ETFSwap (ETFS). Regardless, analysts believe this month could be a pivotal moment for Spot Ethereum ETFs, and the ETFSwap token.

Wrapping Up

Considering its record of over 500 million sold tokens, ETFSwap (ETFS) has shown its potential to garner massive adoption upon launch. As a result, both retail and institutional investors are rushing to invest in ETFSwap (ETFS) before it realizes striking growth during the next bull run.

For more information about the ETFS Presale:

Visit ETFSwap Presale Join The ETFSwap Community

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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eth etfs price ethereum spot inflows high

Источник: nulltx.com

eth etfs → Результатов: 126


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