BlackRock iShares BTC Trust (IBIT) recently led other Spot Bitcoin ETFs to their highest daily net inflows in almost two months. This development is significant for ETFSwap (ETFS), considering how much funds could flow through its ecosystem when its beta platform launches soon.
BlackRock Accounts For Most Of Net Inflows For Spot Bitcoin ETFs
Data from Farside investors shows that BlackRock accounted for most of the Spot Bitcoin ETFs’ inflows on July 16, with $260.2 million flowing into its IBIT Spot Bitcoin ETFs. The Spot ETFs witnessed a cumulative total net inflows of $422.5 million on the day, their highest in almost two months.
Besides BlackRock, seven other Spot Bitcoin ETFs witnessed individual net inflows. Fidelity’s FBTC recorded the most inflows after BlackRock, with $61.1 million entering the Spot Bitcoin ETF. Ark Invest, Invesco, and Bitwise’s Spot Bitcoin ETFs came behind BlackRock and Fidelity with net inflows of $29.8 million, $20.5 million, and $17.3 million, respectively.
BlackRock and other Spot Bitcoin ETF issuers have witnessed an increased demand for their respective funds as institutional investors bought the dip following Bitcoin’s (BTC) recent downtrend. It is worth mentioning that BlackRock is still well ahead of the other Spot Bitcoin ETFs as it has recorded the most inflows to date.
Perfect Timing For ETFSwap’s (ETFS) Beta Platform Launch
The recent spike in demand for the Spot Bitcoin ETFs means this is the ideal timing for ETFSwap’s (ETFS) beta platform launch. The decentralized investment platform is set to launch anytime soon, with investors set to get the opportunity to invest in the tokenized Spot Bitcoin ETFs on the platform.
Spot BTC ETF investors will flock to the trading platform because it is convenient and accessible compared to centralized trading platforms. The platform’s decentralized nature means that investors can access these Spot Bitcoin ETFs without authorization. The platform’s Know-Your-Customer (KYC) requirements are also non-mandatory, meaning that investors can start investing immediately.
In addition to the Spot Bitcoin ETFs, ETFSwap (ETFS) boasts various exchange-traded funds (ETFs), including ones issued by BlackRock and the other Spot BTC ETF issuers. Investors can also invest in crypto assets and commodities on the platform. The trading platform’s user-friendly interface makes it easy for users to convert their ETF holdings to crypto assets and vice versa.
ETFSwap (ETFS) plans to launch its ETF in 2025, providing investors with more investment opportunities on the platform. Crypto investors can also stake their crypto assets and enjoy juicy staking rewards in return. For instance, those who stake the platform’s native ETFS token can enjoy up to 80% annual percentage yield (APY).
The trading platform also has features that allow users to make the most of these opportunities. For one, investors can invest in and trade these ETFs with leverage, with ETFSwap allowing up to 50x leverage on each ETF trade. The trading platform offers perpetual futures trading services for these ETFs, allowing users to hold derivative contracts that speculate on the future prices of these assets.
Furthermore, the DeFi platform boasts artificial intelligence (AI) trading tools to help users become more profitable from their trades. These tools, ETF Screener and ETF Tracker, also continue to develop over time, meaning that traders will surely increase their win rates as they continue to use the platform.
Considering ETFSwap’s (ETFS) potential, it is no surprise that investors are so bullish on its ecosystem. The team behind the project has also inspired investors’ confidence, especially following their recent verification and certification by Solidproof. This further proves how committed they are to the project’s long-term success.
Conclusion
With the Spot Bitcoin ETFs enjoying such demand, the ETFSwap (ETFS) token will enjoy a significant price surge since most of these inflows into these BTC ETFs will pass through the decentralized trading platform. The token will also enjoy increased demand ahead of the beta platform launch, contributing to further price gains for ETFSwap (ETFS). As such, it is best to buy the crypto token now while it is still selling at a discounted price of $0.0183.
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