The XRP ETF could soon be launched in the US following filings by Bitwise and Canary Capital. Analysts predict that the XRP ETF will cause a surge in the XRP price.
These analysts also said that Ethereum token ETFSwap (ETFS), currently selling for $0.03846, would benefit from this XRP ETF.
Analysts say XRP price will benefit from XRP ETF
Analysts say the XRP ETF will benefit the XRP price. This follows Bitwise and Canary Capital's application to offer an XRP ETF. These funds will bring more funds into the XRP ecosystem from institutional investors, causing an increase in the XRP price.
These analysts cited how the Spot Bitcoin ETF helped Bitcoin (BTC) hit a new all-time high (ATH) in early March. In line with this, these analysts predicted that the XRP ETF would lead to a new ATH for the XRP price. The XRP ETF is definitely a welcome development for the XRP price considering how the cryptocurrency has underperformed this market cycle.
XRP ETF also causes ETFSwap (ETFS) price increase
Analysts also say that the XRP ETF will trigger the price of Ethereum token ETFSwap (ETFS) to rise from its current price of $0.03846. Interestingly, these analysts added that the price increase for the Ethereum token will be more massive than what the XRP price will witness, and the ETF could enjoy up to 5,000% price increase. says.
This bullish prediction for ETFSwap (ETFS) is because the XRP ETF will be tokenized on ETFSwap (ETFS) at launch. Therefore, millions of dollars invested in the fund will flow through the ETFS, as investors will need Ethereum tokens to access XRP ETFs on decentralized finance (DeFi) platforms.
Investors simply exchange their ETFSwap (ETFS) tokens for XRP ETFs on the ETFSwap platform. These analysts believe that most of the inflows to XRP ETFs will come through ETFS, as ETFSwap (ETFS) is set to become the go-to platform for ETF trading once the beta platform goes live.
ETFSwap has no Know Your Customer (KYC) requirements, so investors can start investing right away. It provides 24/7 market coverage and allows users to buy, sell, and trade ETFs at any time. This means investors can benefit from the market gains these ETFs record after traditional trading hours.
Additionally, the platform integrates zero-knowledge (ZK) proof technology, which allows users to trade anonymously. This means users can trade without revealing their identity or sensitive information. Meanwhile, if ultimately approved, investors will be able to bet on ETFs, including the XRP ETF.
This staking feature extends to crypto assets on the ETFSwap (ETFS) platform, including the platform's native ETFS tokens. Those who stake Ethereum tokens can earn up to 87% Annual Yield (APY) on their staked tokens. It is worth mentioning that investors also need Ethereum tokens to access and invest in cryptocurrencies on the trading platform.
The ETFSwap (ETFS) team has already announced that the waiting period for the ETFSwap beta platform is almost over. The platform is already live on the Ethereum testnet and the team is working on implementing the necessary changes so that users can have the best user experience.
Once the platform is live, investors will be able to purchase popular ETFs using Ethereum tokens. You also have access to a liquidity pool for token swaps, where you can provide liquidity and earn up to 30% of the fees earned from token swaps.
conclusion
Investors stand to make more money on Ethereum tokens than betting on the XRP price, as analysts predict ETFSwap (ETFS) will rise 5,000% following the XRP ETF approval. Therefore, now is the perfect time to stock up on as many ETFSwap (ETFS) tokens as possible in the ongoing pre-sale and prepare for this impending price spike.
Disclosure: This is a sponsored press release. Always do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.
