As ETFSwap (ETFS) Makes A Move, Are Spot Ethereum ETFs A Net Positive Or Negative?

The Spot Ethereum ETFs were expected to provide bullish momentum for the ETH price, especially in its attempt to rise to $5,000. However, that hasn’t been the case, seeing as these Spot Ethereum ETFs have put selling pressure on the ETH price. With the ETH price still at risk of a downtrend, traders are better off looking towards ETFSwap (ETFS), which promises better returns. 

ETFSwap (ETFS) Promises Life-Changing Returns 

Thanks to the Spot Ethereum ETFs, ETFSwap (ETFS) promises life-changing returns amid the bearish outlook for the ETH price. Analysts predict that the ETFS token can enjoy a 20,000% price gain in this bull run, with holders enjoying a 100x return. This bullish outlook for the DeFi token is due to its fundamentals. 

ETFS is the native token of the ETFSwap platform, revolutionizing exchange-traded fund (ETFS) trading by tokenizing these funds and enabling them to be traded on-chain. Interestingly, traders will soon be able to trade funds like the Spot Ethereum ETFs on-chain. The ETFSwap (ETFS) token plays a central role in this impressive offering, as users will swap it for their desired asset. Thanks to the team’s collaboration with MiCA-regulated banks, the platform will offer securities and crypto trading. This allows ETFS to serve as the bridge between TradFi and the DeFi world.

Crypto adherents can simply swap their ETFs for crypto assets and vice versa using the DeFi token. ETFS also provides access to other exciting offerings on the decentralized trading platform. For instance, traders will be able to stake their ETFs and earn juicy staking rewards on their staked assets. The platform also offers staking for crypto assets. Those who stake the platform’s native token ETFSwap (ETFS) can earn up to 87% annual percentage yield. Another way to make passive income on the platform is by providing liquidity and earning up to 30% of fees made from token swaps. 

The ETFSwap (ETFS) will also provide exclusive access to opportunities like the platform’s ETF, which will launch in 2025. Meanwhile, token holders will enjoy reduced trading costs, making the ETFSwap platform more cost-effective for infusing in traditional markets.

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The ETFSwap (ETFS) ecosystem stands out above centralized trading platforms because of the diverse means by which traders can make money on the platform. The platforms offer perpetual for ETFs, allowing traders to hold derivative contracts that bet on the future prices of these traditional assets without expiration. 

The odds are also staked in favor of traders on the ETFSwap platform. These traders have artificial intelligence (AI)-powered trading tools to work with, which enable them to execute more successful trades. These tools, ETF Screener and ETF Tracker give the best ETF recommendations. 

Spot Ethereum ETFs Have Been Negative 

Since their launch in July, the Spot Ethereum ETFs have witnessed negative net outflows. Data from SoSo Value shows that these Spot Ethereum ETFs have recorded net outflows of $581 million. This presents a bearish outlook for the ETH price since the outflows from the Spot Ethereum ETFs will put selling pressure on the ETH price. 

There were projections that the ETH price could reach $5,000 before the end of this year. However, if the outflows from the Spot Ethereum ETFs persist, the projected ETH price surge will be reduced to $5,000. 

Conclusion

With the ETH price unlikely to reach $5,000 anytime soon, ETFSwap (ETFS) is a better option than Ethereum. Moreover, ETFSwap (ETFS) could make traders life-changing gains as it records a 20,000% price rally before the market peaks in this bull run. Therefore, traders shouldn’t miss out on the DeFi token while it is still selling at an affordable price of $0.03846 in its ongoing presale. 

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_{Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.}