Bitcoin (BTC) and Ethereum (ETH) have experienced significant outflows over the past few weeks. However, some altcoins have shown resilience during recent market turmoil, and one in particular stands out among crypto enthusiasts and experts. ETFSwap (ETFS), a new blockchain-based project for trading tokenized ETFs, has taken the market by storm with its ongoing pre-sale stage 1.
Market outlook for Bitcoin (BTC), Ethereum (ETH), and altcoins
Despite the optimistic atmosphere following the Bitcoin halving, recent market trends have not been very encouraging. As a result, there is a bearish mood and experts are divided on the direction of the market.
Latest edition of Coinshares Digital Asset Fund Weekly Report observed Weekly outflows were $435 million, the highest amount since March and the third consecutive week of outflows from digital asset investment products.According to the report, these leaks were mainly Bitcoin (BTC) and Ethereum (ETH)$423 million and $38 million, respectively.
During the same period, investment products shorting Bitcoin (BTC) received approximately $1.3 million in inflows. This shows that market participants are increasingly interested in hedging BTC prices and profiting from downward movements in the price, which is currently trading at just over $60,000.
Despite the decline in grayscale asset outflows, asset managers still accounted for the majority of market outflows, recording $440 million in the reported week. CoinShares also reported inflows of $126 million, down from $254 million the previous week. Market conditions are also putting further pressure on Bitcoin and Ethereum prices, but altcoins seem to be weathering the storm.
According to a report by CoinShares, the altcoin managed to resist the bearish wave and secure inflows of $7 million. The report explains that this is because investors prefer multi-coin investment products, with Solana (SOL), Litecoin (LTC), Chainlink, and more recently ETFSwap (ETFS) becoming popular choices. ing.
The renewed traction in ETFSwap (ETFS) is understandable, given its highly undervalued pre-sale price and the potential for significant upside.
ETFSwap (ETFS) is carving out a new niche
ETFS Wap (ETFS) The project continues to raise funds and has taken the market by storm with an ongoing pre-sale. This is an opportunity for early investors to take advantage of this innovative market niche that is poised for massive growth.
ETFSwap (ETFS) is a new platform for trading ETFs on-chain through asset tokenization and multiple other DeFi solutions. By leveraging blockchain for ETF trading, users can enjoy access to liquidity, fast settlement, easy conversion of ETF assets to cryptocurrencies, passive income from token staking, and a truly borderless and permissionless You can enjoy new benefits such as free transactions.
ETFSwap (ETFS) gives investors the flexibility to manage portfolios of multiple asset types and customize trading strategies based on their preferences. It successfully combines the best features of centralized and decentralized markets and does not require KYC, which eliminates the interference of banks and intermediaries of any kind.
Additionally, ETFs traded on the platform are backed by real-world assets purchased from financial markets. This model is possible because ETFSwap (ETFS) works with MiCa-compliant regulated banks that trade securities and cryptocurrencies.
Additionally, ETFSwap (ETFS) allows you to take up to 10x leveraged positions to maximize returns on tokenized ETF assets and increase returns for investors.
Right now, early investors could be the biggest winners from ongoing investments. ETFSwap (ETFS)) Pre-sale as the project rejected investment from venture capitalist (VC) firms in order to democratize access to ongoing opportunities.
Following the first private stage which raised $750,000 in three days, the ongoing Stage 1 presale has raised over $250,000. The pre-sale is selling out quickly at the current price of $0.00854. Experts also see an exciting opportunity to secure more than 2x profits before the Stage 2 pre-sale begins at $0.01831 and up to 100x profits once the token is listed on exchanges and rises to $1. We are also paying attention.
If you buy ETFS tokens on pre-sale at a continuous discount price, you are sure to get 100x profit.
For more information on the ETFS presale, please see below.
Access ETFSwap Presale
Join the ETFSwap community
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.
