As the highly anticipated launch of the first spot Ethereum ETFs in the United States nears, experts are predicting a significant price appreciation for the second-largest cryptocurrency in the market.

Ethereum ETFs On The Horizon

According to a recent Reuters report, the US Securities and Exchange Commission (SEC) could approve Ethereum ETFs as soon as July 4, as discussions between asset managers and regulators enter the final stages. 

Industry executives and other participants who requested anonymity due to the confidential nature of the talks revealed that the process of amending the offering documents has progressed to resolving only “minor” issues, and approval is “probably not more than a week or two away.”

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According to Morningstar Direct data, the launch of Bitcoin-based ETFs in the US in January was a major success, drawing around $8 billion in assets. By late June, these nine new products had nearly $38 billion in assets, although the holdings of Grayscale Bitcoin Trust – which converted its $27 billion BTC trust into an ETF simultaneously – dipped to $17.8 billion.

However, experts believe the launch of the new spot Ethereum ETFs may not be as impressive as the Bitcoin ETF debut. James Butterfill, head of research at Coinshares, noted that “Ethereum is not the same size in terms of market cap, nor does it have the same volumes” as BTC.

Given the differences in market size and nature of the two cryptocurrencies, Bryan Armour, an ETF analyst at Morningstar, believes inflows may be much more muted when the Ethereum ETFs launch.

“With Bitcoin, there had been pent-up demand for a decade, and investor interest was off the charts,” Armour said. “This just isn’t going to command the same excitement.” However, not everyone shares the same cautious outlook. 

ETH Eyes Potential Rally Toward $7,500

Quinn Thompson, the founder and CIO of Lekker Capital, has recently stated that the market is in the middle of “one of the most obvious and attractive crypto buying opportunities of recent memory.” 

Thompson further claimed that it was “cool” to be bullish in the past, but now, it appears that “Twitter has become a contest to see who can have the most negative ETH ETF take.” Thompson further noted:

Personally, I think ETH will reach $7,000 and BTC will make its first attempt at $100,000 by the election in November.

The Glassnode co-founders also shared a bullish price analysis for Ether, stating that if investors look at Ether’s history, similar patterns are developing as in the early stages of the 2021 bull market. 

They believe the current structure gives a target of around $7,500 as a final high for Ether, mirroring the Fibonacci extension seen in 2021 and implying a strong rally in Ether “soon!”

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While caution remains regarding the possibility of further price declines, experts argue that such a scenario would require a new exogenous event to occur. Overall, market sentiment is leaning towards Ethereum reaching $7,000 and Bitcoin’s first attempt at $100,000.

At the time of writing, ETH was trading at $3,460, up more than 3% over the past 24 hours as the broader market recovers from the corrections seen over the weekend and into the beginning of the week. 

Featured image from DALL-E, chart from TradingView.com

ETFswap (ETFS) is reshaping how the crypto industry interacts with Spot Bitcoin ETFs through the tokenization of assets, triggering massive demand for its token presale. 

The approval of the first Spot Bitcoin ETFs in January 2024 by the United States Security and Exchange Commission (SEC) opened up the industry for fresh investment from new investors. However, Spot Bitcoin ETFs are not very accessible to the broader crypto community members, but to the deep pockets in the crypto industry. 

Thankfully, ETFswap (ETFS) is reshaping the whole dynamics by making it possible for all in the crypto industry to invest in Spot Bitcoin ETFs and other related products. With ETFswap (ETFS) changing the status quo, its token presale has seen massive demand, with over $250,000 raised in a few days.

ETFSwap Brings Spot Bitcoin ETFs To The Blockchain With Tokenization

ETFswap (ETFS) is a blockchain platform that bridges the gap between decentralized and traditional finance by tokenizing exchange-traded funds (ETFs). By tokenizing ETFs and bringing them on-chain, the platform makes it accessible to all crypto community members for trading. By tokenizing traditional assets such as Spot Bitcoin ETFs, ETFSwap (ETFS) will enable investors to easily monitor the progress of this asset before making any trading decisions, thereby minimizing losses for users. 

For a smooth trading experience, ETFswap (ETFS) will provide a comprehensive web3 marketplace tailored to the needs of crypto newbies and experts when trading tokenized ETFs. However, experienced traders can take it a notch further by using the up to 10x leverage provided by the platform to increase their earnings significantly. 

To protect its ecosystem and investors, ETFswap has undergone an audit of its smart contract by world-renowned blockchain security expert Cyberscope. After thorough checking, Cyberscope saw no critical issues or underlying conditions that could make the platform vulnerable to cyber attacks, making it safe. This means users can invest in Spot Bitcoin ETFs, as well as ETFs from other industries, right on the blockchain without fear of losing their funds to a third-party.

At the heart of the platform is its native token ETFS, which will make it possible to trade tokenized ETFs and also access all the other features on the platform, which includes staking and governance. Finally, as a DeFi platform, new users can access the network without filling out a Know Your Customer (KYC) form, which involves divulging sensitive information online. 

ETFS Token Presale Takes Off Following $750,000 Private Sale Raise

ETFswap (ETFS) held a private sale event to introduce its token and ecosystem to large investors in the crypto industry. The event saw two institutional and three angel investors invest a total of $750,000 in just 3 days. To provide user interest, ETFswap (ETFS) refrained from including venture capitalists (VCs) in the sale due to their long-term goal of developing products that will benefit its ecosystem and users instead of catering to VCs. 

This is because seeking investment from VCs could result in a deviation from that plan as they will be obligated to work along with the strategies of these investors even if it is not in the platform’s best interest.

Following these achievements, ETFswap (ETFS) is working towards accelerating its platform launch with the funds raised during the private sale. At the end of the private sale, the public presale went live, with the platform offering the token at $0.00854 per coin in Stage one. 

By Stage two, the token price will increase to $0.01831, cementing profit for all stage one investors. This assurance of profit has brought in crowds of investors eager to buy this undervalued asset, bringing the number of tokens sold to over 40 million. Further, experts are optimistic that the ETFS token is geared for a massive surge that will take its price to the $1 mark, increasing by 10,000%.

Also, the platform, after launch, intends to partner with other renowned DeFi firms in the crypto industry to advance the growth of decentralized finance. Undoubtedly, such an alliance will bring about more industry adoption for the token. 

For a platform that is yet to launch, ETFswap is the real deal with the potential to increase investors’ portfolios massively and also ensure the security of their investment. What are you waiting for? Join ETFswap today by buying ETFS at presale to make a 100x yield on investment. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community