Spot-On-Chain, a blockchain analytical company, spotted the Ethereum Foundation selling over 100 ETH just hours before the launch of Spot Ethereum ETFs. Despite this unexplainable move, Chinese journalist Colin Wu remains bullish, predicting a $4 billion inflow for Spot Ethereum ETFs, which will further impact the growth of ETFSwap (ETFS) as an ETF platform.
The Unexplainable And Controversial Move Of The Ethereum Foundation
In an X post, just 6 hours before Spot Ethereum ETFs went live, Spot-On-Chain, via its social media handle, revealed that the Ethereum Foundation sold 100 ETH. This is, however, not the first, making it difficult to explain the motive behind the sale. According to Spot-On-Chain, the platform has sold 2,366 ETH, and a wallet associated with the foundation sent $11.2 million worth of ETH to the Kraken exchange. Their decision to sell some of their holdings at this crucial juncture has sparked intense debate among investors, analysts, and blockchain enthusiasts.
Some experts say it might be a case of “buying the rumor and selling the news.” The foundation’s sale could be interpreted as a signal that the actual launch of these ETFs might not live up to the hype that has been building. However, nothing is concrete, and the foundation has made no direct announcement. In other news, Spot Ethereum ETFs seem to be living up to expectations, as it records a $107 million inflow on its first day. This validates several expert analyses that predict billions worth of inflow in the first year of launch.
How ETFSwap (ETFS) Will Benefit From The Spot Ethereum ETFs Boom
Like Bitcoin ETFs, Spot Ethereum ETFs are starting to pick up as large inflows were recorded on the first trade day. This is good news for ETFSwap (ETFS) investors, as the mere announcement of Spot Ethereum ETF approval gave the token a huge boost in the first stage of the presale. And this is because the ETFSwap (ETFS) platform provides ETF trading services. The platform allows users to buy, trade, and invest in real-world ETFs by tokenizing these class assets. Since ETFSwap is an ETF trading platform, its native token ETFS has performed well since the approval of Spot Ethereum ETFs.
Now that Spot Ethereum ETFs have started trading, the ETFSwap ETFS token sale is about to soar. Already in its second presale stage, it has raised over $2.5 million, with analysts projecting the figure to hit $7 million within the next few weeks, especially as ETH ETFs continue to boom. The recent KYC verification of the ETFSwap (ETFS) team has increased investors’ confidence, acting as an additional boost for the token’s performance.
Beyond the influence of Spot Ethereum ETFs, the trading platform also offers exceptional services and earning opportunities that have jointly driven its growth. One notable one is perpetual trading, which allows the trading of ETF assets from MiCa-compliant investment banks. The trading system features long and short options with up to 50x leverage. ETFSwap also offers AI trading tools designed to analyze data and give accurate investment analysis. These trading tools can be personalized for each user to get maximum gains.
The benefits of investing in the native token of the ETFSwap (ETFS) platform are also a driving force as it keeps attracting retail and institutional investors. Numerous expert predictions tout it to list as high as $10 and soar by 100% post-launch. Also, due to the demand for the upcoming Solana and Ripple ETFs alongside the proposed ETFSwap’s ETF for 2025, the token has every momentum required to reach $100 by the first quarter of 2025.
Conclusion
It remains unclear why the Ethereum Foundation sold off a large portion of Its Ethereum (ETH) asset hours before the launch of Spot Ethereum ETFs. What is clear, however, is that the Spot Ethereum ETFs are doing well; thus, the ETH price has no reason to decline.
By extension, ETFSwap (ETFS) will also continue to grow. Now is the time to position well ahead of the ETFSwap (ETFS) predicted meteoric rise while the token still sells at $0.01831 before it launches.
For more information about the ETFS Presale:
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