Amongst other crypto projects in the market, ETFSwap (ETFS) is witnessing a massive increase in interest, as the crypto platform is set to leverage Spot Ethereum ETFs to generate maximum gains that could evenly compete against Ondo Finance (ONDO) and Ethena (ENA).
ETFSwap (ETFS) Set For Exponential Gains Post-Spot Ethereum ETFs Approval
Following the approval of Spot Ethereum ETFs, ETFSwap (ETFS) has seen a major surge in demand and gains from new users. ETFSwap (ETFS) is a decentralized exchange (DEX) that enables users to purchase and trade institutional tokenized ETFs. This is done by either swapping cryptocurrency assets for an ETF of choice or purchasing ETFs with ETFSwap’s native token, ETFS. As a decentralized trading platform, ETFSwap (ETFS) always ensures its users are safe, leveraging blockchain technology to bolster its security protocols while enhancing its platform’s transparency.
Moreover, ETFSwap (ETFS) has eliminated KYC requirements on its platform, bolstering users’ privacy by keeping them anonymous and restricting the interference of regulators or financial institutions. This innovative crypto project has also recently been audited by prominent blockchain audit and cybersecurity firm, CyberScope, with results indicating no flaws or vulnerabilities in ETFSwap’s smart contracts and underscoring the platform’s robust security against cyber threats.
Unlike traditional ETF platforms, ETFSwap (ETFS) offers users numerous trading features and rewards. Some of these trading solutions include up to a 10x leverage on all trades, 87% APR yield and 50x on perpetual and futures options trading.
Moreover, traders can stake their ETFS tokens to earn staking rewards, or investors can hold ETFS tokens to win voting rights for ETFSwap’s governance. Particularly, token holders with voting rights can directly engage with ETFSwap and influence the growth trajectory of the innovative crypto project.
Currently, ETFS tokens are available in their ongoing presale stage and selling at $0.00854. Investors can purchase ETFS tokens before their projected price surges to $0.01831 during the second presale stage.
Ondo Finance (ONDO) Joins BlackRock Tokenized Funds Amidst Falling Prices
Despite joining global asset management company, BlackRock’s tokenized fund initiative, Ondo Finance (ONDO) has recorded major declines in its price metrics in the wake of the Spot Ethereum ETFs approval. Ondo Finance (ONDO) recently transferred a whopping $95 million worth of assets to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
This move comes as a pivotal development for Ondo Finance (ONDO), as it seeks to further expand its reach into the tokenized Real World Assets (RWA). While this comes as a great milestone for the cryptocurrency, Ondo Finance (ONDO) price is recording multiple declines.
CoinMarketCap has disclosed multiple declines experienced by Ondo Finance (ONDO) recently. At the time of writing, the cryptocurrency is trading at $1.19, reflecting a price decrease of 6.77% in the last 24 hours. Additionally, Ondo Finance’s trading volume of about $203 million is down, recording a decrease of 9.03% in a day.
Fantom Co-Founder Predicts Massive Crash For Ethena (ENA)
Another altcoin suffering a decline following the Spot Ethereum ETFs approval is Ethena (ENA). Shortly after its introduction into the crypto market, the price of Ethena (ENA), a new crypto project, witnessed a significant price surge to new highs. The cryptocurrency had rallied hard, shocking the broader crypto community with its explosive price surge.
Despite this, the co-founder of Fantom, Andre Cronje, has warned that Ethena (ENA) might experience a downturn due to market development. Cronje predicted a potential price crash for Ethena (ENA) akin to Terra Luna’s collapse in 2021, highlighting a structural weakness in Ethena’s overall framework similar to what was seen in Terra Luna before its downfall.
Conclusion On ETFSwap Vs. Ondo Finance And Ethena Post-Spot Ethereum ETFs Approval
Recently, the ETFSwap (ETFS) has been gaining a significant amount of traction, triggered by rising interest from institutional investors and traders after the SEC approved Spot Ethereum ETFs. This increased demand has been attributed to the broader crypto community’s newfound confidence in Ethereum Spot ETFS.
Following the SEC’s approval of Spot Ethereum ETFs, ETFSwap (ETFS) saw a noticeable uptick in its platform’s engagement. The platform is set to grow even further, amassing more gains as the hype surrounding Spot Ethereum ETFs rises.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community