Bloomberg analysts Eric Balchunas and James Seyffart had previously predicted that the Spot Ethereum ETFs could launch on July 2. However, Balchunas recently suggested that was unlikely and gave a new prediction on when these Spot Ethereum ETFs will launch. Despite this setback, the silver lining is that this provides more time to purchase ETFSwap (ETFS) before its price skyrockets following the launch of the Spot Ethereum ETFs.
Another Chance To Get ETFSwap (ETFS) While Still Undervalued
The delay in the launch of the Spot Ethereum ETFs has given investors another chance to purchase ETFSwap (ETFS) while it is still undervalued at its current price of $0.0183. The crypto token’s value is expected to surge once these funds launch because of its connection with them.
ETFS is the native token of ETFSwap (ETFS), a blockchain-based investment platform that tokenizes exchange-traded funds (ETFs) like the Spot Ethereum ETFs and makes them available for on-chain trading. The trading platform will witness an influx of users looking for an easy and secure way to perform ETF transactions.
Thanks to its decentralized nature, investing in ETFSwap (ETFS) is very straightforward. Users do not need authorization before accessing the various ETFs on the decentralized finance (DeFi) platform. The platform’s Know-Your-Customer (KYC) requirements are non-mandatory, meaning users can start investing immediately. Additionally, ETFSwap’s (ETFS) integration on the blockchain makes it more secure than centralized trading platforms, which are more susceptible to hacks. Specifically, the trading platform is built on the Ethereum (ETH) network, undoubtedly one of the most secure networks in the crypto space.
Furthermore, by integrating zero-knowledge (ZK) proof technology on the DeFI platform, ETFSwap (ETFS) has provided a means for investors to trade anonymously, far from financial institutions and regulators. This gives users more confidence to invest as much as they like without fear of anyone monitoring their transactions.
ETFSwap (ETFS) has introduced leverage trading for ETFs, allowing investors to use up to 50x leverage on each ETF trade. Additionally, the DeFi platform offers perpetual trading services, meaning users can keep their trade open for as long as they like. This helps them to maximize their profits, especially from their conviction plays.
ETFSwap’s (ETFS) offerings transcend beyond tokenized ETFs. The DeFi platform also boasts a user-friendly interface that allows users to convert their ETFSwap (ETFS) tokens to various commodities and cryptocurrencies. These token swaps are done in full DeFi mode and without the need for a third party. Users can also swap their ETF holdings for cryptocurrencies and vice versa using the ETFS token.
Meanwhile, users are also set to enjoy more investment opportunities in ETFSwap (ETFS), with the trading platform revealing plans to launch its own ETF in 2025. The platform has also committed to unlocking more exciting features as time goes on. ETSwap boasts a bullish outlook, so accumulating its native ETFS token at this discounted price of $0.0183 is a wise investment decision.
When Will The Spot Ethereum ETFs Begin Trading
Balchunas mentioned in an X (formerly Twitter) post that the Spot Ethereum ETFs will likely begin trading soon after July 8th. The Bloomberg analyst explained that they had to change their prediction for when these Spot Ethereum ETFs will launch because the US Securities and Exchange Commission (SEC) took time to get back to the fund issuers.
Meanwhile, he noted that the SEC was unlikely to get back to these Spot Ethereum ETF issuers this week because of the US holiday. As such, they expect the Commission to get back to them by next week and that the Spot Ethereum ETFs should begin trading soon after.
Conclusion On Buying ETFSwap (ETFS) Before The Rally Begins
ETFSwap’s (ETFS) parabolic rally is on the horizon, with several bullish developments on the way for the crypto token. In addition to the launch of the Spot Ethereum ETFs, ETFSwap’s (ETFS) beta platform is expected to launch sometime soon. Therefore, it is best to buy ETFS while it is still this cheap, with its price rally set to happen once these events occur.
For more information about the ETFS Crypto Presale: