Altcoins
Ethereum Spot ETFs to Begin Trading on July 23: These Altcoins Will Surge in Response
Industry sources report that the U.S. Securities and Exchange Commission has given preliminary approval to at least three of the eight asset managers that could launch Ethereum Spot ETFs on July 23. With final approval dependent on a few other factors, experts expect some altcoins to surge in response.
Among these altcoins are Ondo Finance (ONDO), Ripple (XRP), and ETFSwap (ETFS). However, ETFSwap (ETFS) shines on this list as the best coin for profits; read on to find out why.
ETFSwap (ETFS) Headed to the Moon with Launch of Ethereum Spot ETFs
ETFSwap (ETFS) is an emerging blockchain-based platform that provides on-chain ETF trading via tokenized ETFs. The ongoing pre-sale allows investors to secure early entry and get in at a low price before significant market traction. However, ETFSwap (ETFS) is growing rapidly amid the Ethereum Spot ETF craze.
With Ethereum Spot ETFs ready to launch In about a week, investors have identified ETFSwap (ETFS) among other altcoins as a potential mooncoin. The new ETF trading platform combines the best aspects of decentralized and centralized markets, serving as a bridge between the use cases. As such, ETFSwap (ETFS) can facilitate 24/7 market coverage, crypto convertibility, decentralized trading, and other benefits not available to investors who trade directly on traditional markets.
Tokenized ETFs on ETFSwap (ETFS) are backed by real securities purchased on traditional exchanges. However, these tokenized versions offer greater investment flexibility and push the boundaries of market opportunities. With tokenized ETFs, users can initiate fast settlements, quick swaps to cryptocurrencies, earn passive income from staking yields, access liquidity through lending, and much more.
This new feature sets ETFSwap (ETFS) apart from centralized ETF trading platforms. Moreover, ETFSwap (ETFS) is the first of its kind and investors are banking heavily on its pioneering advantages. Its decentralized nature allows investors to trade cryptocurrencies and ETFs without providing any KYC information, which is a major hurdle for crypto investors exploring ETFs.
Recently, ETFSwap (ETFS) passed KYC verification by SolidProof and has been deemed safe and secure to interact with.
Ondo Finance (ONDO) Promises Profits as Market Prepares for Altcoin Bullish Move
Ondo Finance (ONDO) is one of the altcoins to watch for a price surge as Ethereum Spot ETFs prepare to launch. Ondo Finance is a real-world asset (RWA) platform designed to bridge TradFi assets to DeFi and bring institutional-grade assets on-chain. Focusing primarily on tokenizing U.S. Treasury yields on-chain, Ondo Finance expands access to TradFi’s primary risk-free asset.
Operating in the same DeFi-to-TradFi category as Ethereum Spot ETFs, Ondo Finance (ONDO) is positioned for an even higher price movement. The cryptocurrency is up over 600% in the past year, a testament to the growth of real-world assets and tokenization. Competing with other altcoins, Ondo Finance is trading at $1.13, with investors expecting further gains.
Ripple (XRP) Promises Decent Returns Amid Bullish Momentum
Ripple (XRP) is one of the top altcoins to watch ahead of the Ethereum Spot ETF launch. Unlike the other cryptocurrencies mentioned above, Ripple (XRP) hasn’t been very impressive, but experts believe that the trend will reverse to the upside when the Ethereum Spot ETF hits the market.
The Ripple-SEC case has been going on for nearly four years, but experts believe it will end soon. While Ripple (XRP) and the SEC have struggled to agree on a fine, crypto enthusiasts are optimistic about an XRP victory.
At the time of writing, Ripple (XRP) is trading at $0.5433 as investors eye immediate gains on XRP when Ethereum Spot ETFs launch.
Conclusion
The launch of Ethereum Spot ETFs is expected to spark a surge in altcoins, including Ripple (XRP), Ondo Finance (ONDO), and ETFSwap (ETFS). However, one pick stands out from the rest on the list due to its higher profit chances: ETFSwap (ETFS). The ETF trading platform shares some similarities with Ondo Finance (ONDO) but stands out as a newer, undervalued option with a higher profit margin and lower associated risks.
ETFSwap (ETFS) is selling off quickly at $0.01831and the next pre-sale stage is expected to start at $0.03846; grab this cheap opportunity now.
For more information on the ETFS pre-sale:
Disclaimer: This is a paid release. The statements, views, and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of any information available in this content. Do your research and invest at your own risk.