$126 million was drained from crypto investments as investors shifted their focus to promising Ethereum coins like ETF Swap (ETFS).
The crypto industry has slowed down in terms of related investment products, with an outflow of $126 million, according to data from Europe-based digital asset management platform Coinshares. This withdrawal is believed to be due to Bitcoin's fourth halving, which just ended, and investors are being cautious with their investments as the crypto market looks very volatile.
coin sharepublished this information on its Ta. However, trading volume recovered to $21 billion. Additionally, other significant destinations were found to be the United States, Canada, and Switzerland. The United States led the pack with more than $145 million, followed by Switzerland with $5.7 million and Canada with $6 million.
However, German investors contributed an inflow of $29 million. Coinshares also noted that despite widespread caution, Bitcoin (BTC) investment flow balance is positive. However, the same was not the case with Ethereum (ETH). Ethereum (ETH) has continued its negative streak for five weeks, with large-scale outflows reaching $29 million in total withdrawals.
This indicates that more Ethereum investors are selling their holdings, suggesting a bearish outlook for the token. Furthermore, with the perceived weakness of Ethereum (ETH) and Bitcoin (BTC), investors have begun to shift their focus to investing in other cryptocurrencies such as ETF swaps (ETFS). the current, Ethereum (ETH) According to data, Bitcoin (BTC) has traded above the $3,200 mark and continues to hover around the $66,000 mark. Coin market capitalization.
Crypto investors are impressed by Ethereum-based ETFSwap (ETFS)
ETF Swap (ETFS) is an Ethereum-based crypto project that opens up creative ways for traders to invest in exchange-traded funds (ETFs) by creating tokenized versions on-chain. Tokenized ETFs will be available for trading on the Web3 Marketplace, which is designed to accommodate cryptocurrency experts and beginners with little or no trading experience.
You will also be able to track the progress of this tokenized asset before making any trading decisions, helping to minimize losses. Additionally, experienced traders can also use up to 10x leverage on the platform to maximize profits.
You can also benefit from fractional ownership features to enhance your portfolio with diversity. Additionally, the seamless swap feature allows you to easily swap between tokenized ETFs and other cryptocurrencies. ETFswap (ETFS) users can also benefit from a no-KYC policy, which allows them to access the platform without revealing any personal information about themselves.
The platform’s native token, ETFS, is at the center of the ecosystem, giving anyone who holds it access to all services on the network, including trading tokenized ETFs. Token holders can participate in the governance of their tokens. ETF Swap (ETFS) Strengthen the ecosystem by voting and proposing decisions that impact the growth of the platform.
Currently, the platform is offering tokens to the general public in an ongoing Stage 1 pre-sale at $0.00854 per coin. When stage 2 he starts at $0.01831, everyone who bought in this stage can profit. Due to the huge potential this token holds, Ethereum (ETFS) and Bitcoin (BTC) investors are rushing to get their hands on the token at this stage to solidify their profit opportunities. This creates a fear of missing out (FOMO).
More than 23.6 million tokens have been sold so far, and the number is growing every day. As a big draw for investors, experts estimate that the token will soon skyrocket by 10,000% after being listed on exchanges. This means an investment yield of over 100 times his investment for early investors.
For more information on the ETFS presale, please see below.
Access ETFSwap Presale
Join the ETFSwap community
Disclaimer: This is a paid press release and BSC.News does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. The project team purchased this advertising article for $400. Readers should conduct their own investigation before taking any action related to the Company. BSC.News shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned in this press release. We do not owe.
