Bitcoin ETF ($BTCETF) Token has raised an impressive $1.4 million in less than a month as investors continue to look for alternative exposure to the Bitcoin ETF approval before January.
Bitcoin ETF is a project that allows direct exposure to the Bitcoin ETF approval, with real-world milestones tied to its growth potential.
As a result, investors are rushing to get positioned as early as possible to take advantage of lower prices before the SEC approval, expected by January 10th.
Let’s take a look at if you should be buying this token.
Bitcoin ETF Raises $1.4 Million as Investors Hunt for Alternative Exposure to Bitcoin ETF Approval.
Bitcoin ETF ($BTCETF) has officially raised $1.4 million as investors search for alternative vehicles that provide exposure to the Bitcoin ETF approval by the SEC.
The project allows investors to ready their wallets before the first Bitcoin ETF is approved in US markets, allowing them to capitalize on the hype before the event.
The Bitcoin ETF approval has been driving prices higher in recent weeks as traders anticipate approval by January 10th, causing them to get positioned in Bitcoin before the date.
However, many investors are looking for alternative approaches to gain higher exposure to the event, and Bitcoin ETF provides that opportunity.
With its growth tied to real-world events related to the Bitcoin ETF approval, the price of $BTCETF should increase as the approval draws near.
Backed by cutting-edge technology, the project features a unique staking utility and burning mechanism, providing a viable DeFi opportunity for SEC approval exposure.
BTCETF Token Growth Linked to Real-World Approval-Related Milestones
Investors are intrigued by the long-term prospects of $BTCETF as the token supply is directly linked to real-world milestones related to the SEC approval.
The project incorporates a unique burning mechanism based on predetermined milestones, with a portion of the token supply burnt as each milestone is reached.
With five pre-determined milestones set, 5% of the total token supply will be burnt on each achievement.
As a result, 25% of the total circulating supply will be burnt when the US SEC approves the first Bitcoin ETF.
The predetermined milestones include the following;
- 24-hour trading volume in $BTCETF reaches $100 million
- SEC approves the first Bitcoin ETF in the US
- First Bitcoin ETF launches in the US
- Assets under management in Bitcoin ETFs reach $1 billion
- Bitcoin price closes a daily candlestick above $100,000
Investors believe that the market for $BTCETF will see price surges on each milestone achievement as traders celebrate the reduced supply.
In addition to the real-world milestones, $BTCETF also incorporates a burning sales transaction tax designed to encourage long-term holding ahead of the SEC approval.
The sales tax will begin at 5% and will be reduced by 1% every time a milestone is reached.
Once all five milestones have been met, the transaction tax disappears entirely.
Together, these deflationary mechanisms are expected to provide long-term 50x growth for the token.
Unique Staking Mechanism Primed for Supply Shrink and Explosive Growth
Furthermore, Bitcoin ETF also introduced a novel staking mechanism into its ecosystem to help encourage long-term holding.
Those staking their tokens earn a passive income, which is currently providing an impressive 180% APY;
The act of staking locks tokens into the staking contract, removing them from the open market.
As a result, experts believe that the locked coins will lead to a supply shortage on the open market, forcing newcomers to pay higher prices for $BTCETF following the presale.
Prominent influencers are starting to pay attention to Bitcoin ETF, with YouTube analysts like Austin Hilton describing the project as “nothing you have ever seen.”
24 Hours Left: Get Positioned At Lower Prices
The presale continues to fly for $BTCETF as investors rush to get positioned at the lowest prices possible.
Interestingly, the presale ensures that the entire 100% $BTCETF 2.1 billion token supply is in the hands of the community – meaning investors won’t have to worry about venture capitalists dumping their tokens.
The presale is selling 40% of the total supply. Of the remaining supply, 25% is reserved for community rewards, 25% for the burning mechanism, and 10% to add to exchange liquidity.
The current stage of the presale sells $BTCETF for $0.0056. However, the rising pricing strategy means the cost of the token will increase in just 24 hours.
Therefore, those investing earlier benefit the most from the lower prices.
Overall, with the Bitcoin ETF approval driving market narratives, $BTCETF is a token you don’t want to miss out on for direct exposure to the event.
