Altcoins
Ethereum Spot ETF Approvals: Bitcoin and ETH Prices Not Moving, Altcoin Season Paused
There are many reasons to believe that the altcoin season is not over despite Ethereum (ETH) and Bitcoin (BTC) failed to recover following the announcement that the Securities and Exchange Commission (SEC) had approved Ethereum Spot ETFs. One reason is that ETFSwap (ETFS) is going to launch another altcoin season for significant gains.
Ethereum Spot ETF Approval to Bring Traditional Investors to ETFSwap (ETFS)
The approval of Ethereum Spot ETFs is expected to drive traditional investors to the ETFSwap (ETFS) platform. This category of investors is known to like returns, which they wanted to take advantage of with Ethereum Spot ETFs. However, fund issuers like Shades of grey And loyalty had to cancel their plans to stake their respective Ethereum Spot ETFs.
As such, these investors are expected to move on-chain to take advantage of the returns from the Ethereum (ETH) ecosystem and that is where ETFSwap (ETFS) comes in. The decentralized investment platform offers the best of two worlds to these traditional investors. These investors can invest in tokenized Ethereum Spot ETFs on the platform and also stake their Ethereum (ETH) and Bitcoin (BTC) to enjoy juicy staking rewards.
Users can also stake ETFSwap’s native ETFS token and earn more attractive returns than staking Ethereum (ETH). These staking returns are not the only way for these traditional investors to earn passive income.
By holding the ETFSwap token (ETFS), investors will also be eligible for the platform’s revenue sharing program, through which they will receive a share of transaction fees earned on the investment platform. Unlike centralized entities such as brokers, ETFSwap (ETFS) offers users more ways to earn high returns. This also helps these investors reduce the costs of their investments.
By integrating blockchain technology, ETFSwap (ETFS) is undoubtedly a more cost-effective way to invest in traditional assets rather than using third-party intermediaries or systems. Investors can also rest assured that there are no hidden fees when trading on the ETFSwap (ETFS) platform, as everything is transparent on-chain.
Additionally, these investors can still benefit from reduced trading fees on ETFSwap (ETFS) simply by holding the platform’s ETFS token. Holding the ETFSwap (ETFS) token will also give these investors a sense of what it means to be part of a community as they will participate in governance and make decisions regarding updates to the ETFSwap (ETFS) platform.
The ETFSwap (ETFS) token has several utilities, which explains why crypto investors are so bullish on it and are accumulating it aggressively during the first stage of its ongoing presale.
Altcoin season is just beginning despite Bitcoin (BTC) underperformance
History suggests there is no cause for concern about Ethereum (ETH) and other altcoins, which, by extension, have not recovered following the approval of Spot Ethereum ETFs. Bitcoin (BTC) also failed to recover after the Spot Bitcoin ETFand the real action for the flagship crypto only began after Bitcoin ETFs began seeing significant net inflows.
The same is expected to happen with Ethereum (ETH), with the second-largest crypto token likely to see parabolic price increases once these Ethereum Spot ETFs start trading and see huge sums flowing into them. The price rise will kick off the altcoin season, with other altcoins following the crypto and also making parabolic moves upwards.
Conclusion
The best and most profitable investors are not those who buy into the hype, but those who lean into the narrative long before it attracts the attention of others, as in the case of Bitcoin (BTC) . On this basis, the most profitable ETFSwap (ETFS) investors will be those who bought the crypto token long before it became the most prominent RWA project. This is why there is no better time than now to buy ETFSwap (ETFS), while it is still selling at the affordable price of $0.00854.
For more information on the ETFS presale:
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