ETFSwap (ETFS) Set For Phase 1 Beta Launch Of ETF Trading Platform

ETFSwap (ETFS) is a decentralized marketplace for ETFs. The platform provides an interface for traders and investors to access and trade tokenized ETFs

Spot Bitcoin ETFs enjoyed a six-day streak of net investment inflows, raking in a total of $862.4 million in the last six trading days. This massive liquidity injection has fueled the BTC recovery as Bitcoin (BTC) soars over $65,000.

Meanwhile, ETFSwap (ETFS) is set to supply more liquidity into Spot Bitcoin ETFs as the platform opens the asset up for investors to trade.

ETFS Price Analysis

ETFS is currently trading at $0.03846, a decrease of -0.00004 from yesterday.

ETFS has a circulating supply of 0 and a max supply of 100,000,000,000.

ETFS is currently ranked 3444 on CoinMarketCap, with a total market cap of $384,600.

ETFS is down -0.10% in the last 24 hours.

The price of ETFS has decreased by -9.99% in the past 7 days.

The all-time high price of ETFS is $0.25000, reached on March 29, 2023.

From the all-time high, ETFS has decreased by -84.67%.

ETFS Price Analysis: Key Points

ETFS token is in its third and final presale stage, which means it is the last chance for interested investors to buy at its low price of $0.03846 before it skyrockets due to the 40,000% surge analysts predict for the token’s launch.

Good performance in the presale stages has earned ETFS a listing on Coinsbit for immediate trading upon launch, effectively skipping the exchange application process.

ETFS will be available for trading on Coinsbit in the ETFS/USDT pair.

Investors can participate in the final presale stage on the ETFSwap website.

ETFS will be available for purchase with BNB Chain tokens BNB, BUSD, and ETH, as well as fiat currencies like Visa, Mastercard, Apple Pay, and Google Pay.

Investors are advised to visit the ETFSwap website for more information on the presale and tokenomics.

Spot Bitcoin ETFs’ Inflows Streak Drives Bitcoin (BTC) Price Up

Data from Farside Investors shows that Spot Bitcoin ETFs enjoyed a winning streak from September 19 to September 26.

September 26 was also the Spot Bitcoin ETFs’ best trading day since July 2, when they earned a total of $485.9 million in net investment inflows.

This time, the figure stood at $365.7 million, bringing the sx-day total to $862.4 million in net inflows.

BlackRock’s iShares Bitcoin Trust (IBIT) led the charge with $388.2 million in net inflows during the 6 days.

ArkInvest’s ARK 21Shares Bitcoin ETF (ARKB) followed up with $216.9 million despite $47.4 million being lost to outflows on Wednesday, while the Fidelity Wise Origin Bitcoin Fund (FBTC) followed with $191.7 million in net inflows but closed trading on Wednesday with $33.2 million in outflows.

The large influx of investments into Bitcoin (BTC) ETFs had driven the cryptocurrency’s price higher during the week.

Bitcoin (BTC) now trades at $65,740, according to CoinMarketCap data.

Bitcoin’s (BTC) trading volume and market cap have also increased by 38.49% and 1.95% in the last 24 hours.

Analysts say Spot Bitcoin ETFs’ liquidity injection will push Bitcoin (BTC) to aim towards the $70,000 mark.

Time will tell if the crypto will reclaim that price level.