ETFSwap (ETFS) raises $750,000 in 3 days to bring Spot Bitcoin ETFs to the blockchain

Spot Bitcoin ETFs have been all the rage recently in the investment world. Since their approval in January by the United States Security and Exchange Commission (SEC), BlackRock’s IBIT, along with the other 10 investment funds, have shot up in popularity to break trading records set by other ETFs. The launch of these Spot Bitcoin (BTC) ETFs signaled the growing mainstream acceptance of cryptocurrencies, particularly Bitcoin, as an asset class.

These ETFs provide an easy way for both institutional and retail investors to gain exposure to this emerging asset. According to Reuters, Hong Kong regulators will likely approve Spot Bitcoin ETFs as early as next week, bringing these investment vehicles to the Chinese institutional community.

While the crypto community continues to celebrate the entry of institutional investment into Bitcoin (BTC), a new decentralized platform called ETFSwap (ETFS) just raised $750,000 in funding to launch Spot Bitcoin ETFs on the blockchain. 

This platform’s goal is to make these ETFs available to both the retail and institutional markets. It is interesting to note that ETFSwap (ETFS) is also paving the way for introducing exchange-traded funds (ETFs) from all kinds of industries into decentralized finance (DeFi).

Bringing Spot Bitcoin ETFs To DeFi

ETFSwap (ETFS) is a decentralized finance platform that’s looking to make Spot Bitcoin ETFs available to all investors. At the core of ETFSwap’s (ETFS) business model is the tokenization of ETFs on the blockchain. To make this a reality, ETFSwap (ETFS) has partnered with MiCa-compliant regulated investment banks to deal in both securities and crypto trading. 

The platform also ensures that these tokenized assets are backed by real-world securities purchased from traditional ETF markets ranging from cryptocurrencies, precious metals, commodities, etc. Like traditional Spot Bitcoin ETFs, ETFSwap’s (ETFS) tokenized Bitcoin ETFs are backed 1:1 with actual Bitcoin (BTC), giving investors direct exposure to the cryptocurrency. 

However, unlike traditional offerings, ETFSwap’s integration with blockchain technology allows investors to easily switch between their crypto assets and its comprehensive ETF marketplace. An added benefit is that investors can trade fractions of these ETFs with up to 10X leverage. 

ETFSwap (ETFS) eliminates intermediaries like brokers and custodians, reducing traders’ fees. Any investor can simply link their digital wallet to the platform to start buying and selling ETF shares 24/7. As a DeFi platform, it utilizes blockchain technology to provide unparalleled security for user assets and trustless transactions.

ETFSWAP Presale

ETFSwap Raises $750,000 In 3 Days

ETFSwap (ETFS) recently concluded its private round fundraising for ETFS, raising a total of $750,000 from strategic investors in just 3 days. ETFS is a trade-to-earn utility token that powers the ETFSwap (ETFS) ecosystem. Holding and staking ETFS unlocks a variety of benefits for users, including an APR yield of up to 87%.

The speed at which this private round fundraising was concluded highlights the strong interest of investors in ETFSwap’s (ETFS) vision of bringing Spot Bitcoin (BTC) ETFs and ETFs of other asset classes to decentralized finance. The successful completion of this private round makes ETFSwap (ETFS) one step closer to completing its mission, as the funds raised will be deployed to accelerate the development, launch, and expansion of the ETFSwap platform.

ETFS Presale

The presale for ETFS is now open to the general public. Now, in its first presale round, early participants in this stage are eligible for an 18% bonus on their purchase. ETFSwap (ETFS) is working to reinvent a $10.6 trillion market, and the presale allows investors to get in on the ground floor. Not only that, but ETFS tokens provide several benefits for holders, such as discounted trading fees, staking rewards, and governance rights.

Stage 1 is open now at $0.00854 per token and 17.04 million tokens have been sold already. With the look of things, Stage 1 tokens are set to be sold out before the end of the presale round. Once this round ends, stage 2 will begin at $0.01831 per token.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.

Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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