The recent withdrawal of 28,000 BTC from exchanges by crypto whales has caught the attention of market watchers, potentially signaling a momentum shift towards a promising new investment. Amid the market speculation on the trajectory of these withdrawn funds, Bitcoin ETF Token, ETFSwap (ETFS), emerged as the most likely destination of these crypto whales.
What The 28,000 BTC Moving Out Of Exchanges Means
According to data aggregator Coinglass, investors withdrew massive Bitcoin (BTC) holdings from centralized exchanges over the past week. Coinglass tracked several withdrawals from exchanges over the past week, worth roughly $1.9 billion at the time of writing. As reported by the platform, over 27,975 BTC was worth around $1.9 billion at the time of writing.
Most of the outflows came from Coinbase Pro, with Binance being a close second. Digital assets moving out of centralized exchanges is often a sign of investors being unwilling to sell their holdings. In the case of Bitcoin (BTC), the decision of these whale addresses has been justified by the sharp bullish recovery of the asset.
Bitcoin (BTC) is currently trading above $71,000 in an exciting start to the new week. This uptrend coincides with registered positive inflows for the second consecutive week in Bitcoin ETFs and other Crypto-related investments.
Experts also maintain positive sentiment on Bitcoin (BTC) as market activity shows that several new Bitcoin (BTC) whales accumulated the coin around the $60,000 mark. This essentially creates solid price support for BTC above that price range as the cryptocurrency looks to reach a new high.
Bitcoin (BTC) has shown great potential in the past few weeks, and the crypto whales’ activity shows further confidence in the cryptocurrency. However, this increased market confidence has led crypto whales to explore the new Bitcoin ETF token, ETFSwap (ETFS).
Bitcoin ETF Token ETFSwap (ETFS) Appeals To Crypto Whales
ETFSwap (ETFS) has won over crypto whales with its innovative platform for trading ETFs onchain. The bull market narrative took off right after the launch of Spot Bitcoin ETFs, but until the emergence of ETFSwap (ETFS) on presale, no project offered investors the exposure to bet on this budding new market.
Therefore, ETFSwap (ETFS) is a first mover without competition, offering a comparable broader offering that combines ETF accessibility, on-chain anonymity, and variable investment conversions. The new project leverages the blockchain to tokenize Spot Bitcoin ETFs, as well as other traditional ETFs, for easy trading on the blockchain. Users are able to easily swap between crypto and ETFs, and vice versa, no matter where they are and no matter the time of day.
Some exciting benefits to look forward to on ETFSwap (ETFS) include round-the-clock trading, quick crypto-to-ETF swaps, the ability to collateralize ETF holdings for liquidity, quick settlements even outside of traditional market trading hours, lower costs, and multiple other features unique to the blockchain. Additionally, ETFSwap (ETFS) strikes a compromise between centralized and decentralized capabilities with its user-friendly, dependable platform for ETF trades.
ETFSwap (ETFS) also requires no KYC verification from users, sticking to the decentralized nature of Web3 platforms. The new platform improves on this feature by employing zero-knowledge proof to provide on-chain privacy. This innovative cryptographic approach will let users interact safely without disclosing sensitive information, maintaining secrecy and anonymity in their ETF transactions.
Conclusion: ETFS Presale Takes Off
The ongoing ETFSwap (ETFS) presale has raised over $500,000 on Stage 1. This is a testament to the demand that the platform is seeing due to its unique features and propositions.
After selling over over 80 million tokens, the Bitcoin ETF Token presale continues to rally strongly and has won the interest of several crypto whales. Crypto enthusiasts have also taken early positions on the presale as the token sells for a cheap $0.00854.
Get in now before the Stage 1 window closes, and secure over 2x gains before the price increases on Stage 2, and a potential 100x return as the price rallies following exchange listings.
For more information about the ETFS Presale:
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