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With the war in the Middle East raging, Spot Bitcoin ETFs are experiencing a large outflow. Bitcoin (BTC) has dropped to $60,000, and the Spot Bitcoin ETFs have lost about $300 million. While crypto ETFs and the crypto market are down, the traditional ETF market is still in profit. Given this, top investors are running to ETFSwap (ETFS) to keep their holdings in profit.
ETFSwap (ETFS) Provides A Safe Haven For Investors Amidst War-Induced Decline
The ETFSwap ecosystem is based on the performance of the traditional ETF market. Its DeFi trading platform allows real-world traditional ETFs to be traded on the blockchain. Hence, its native token has been thriving on the success of the trillion-dollar ETF market in sectors such as oil & gas, transportation, technology, health, etc.
The recent sell-off plagued the Spot Bitcoin ETFs market and, in turn, caused Bitcoin to lose its gains significantly. The ETFSwap ecosystem still remains undisturbed. With this DeFi platform’s scheduled launch still intact, users are still in high anticipation. When its Beta version launches, users can buy and trade ETFs using perpetual trading options and access AI trading tools.
Meanwhile, investors are enjoying the effects of this upcoming launch. The native token of the ETFSwap platform increased in its last presale stage and currently sells at $0.03846. According to experts, the real increase is yet to come, as the ETFS token might rise by 20,000% when it launches on major exchanges in a couple of weeks. Investors switching from Spot Bitcoin ETFs are seizing this opportunity while the ETFS token sells for only $0.03846 to accumulate as much as possible.
These investors trying to hedge against the loss of Bitcoin caused partly by the outflow of Spot Bitcoin ETFs join thousands of other investors who have bought millions of ETFS tokens. Over 500 million ETFS tokens have been bought in the past weeks, raising over $4 million. The explosive sales of the ETFS token indicate investors’ confidence in the token ahead of its launch.
Bitcoin (BTC) And Spot Bitcoin ETFs Outflow: How Bad Is It?
The Spot Bitcoin ETFs outflow is colossal. Since October 1, when the Middle East conflict escalated, Spot Bitcoin ETFs have recorded the largest loss in over a month. Due to the ongoing tension, consecutive Spot Bitcoin ETFs inflows totaling $1.4 billion have been reversed. This decline has continued with no sign of stopping. Bitcoin (BTC) fell back to $60,000, causing panic among institutional and retail investors.
Due to threats of more tension to rise, experts say BTC might crash further or remain stagnant. With this uncertainty, Bitcoin and Spot Bitcoin ETFs may not see significant inflow for some time. However, not all cryptocurrencies are affected. For example, the ETFS token enjoyed a 13% surge as it sold over $500,000 from the week starting September 30 to date. Experts say this surge is probably from investors looking to profit despite the decline of the premier cryptocurrency — Bitcoin.
Conclusion
As the unrest in the Middle East continues to adversely affect Spot Bitcoin ETFs and Bitcoin, investors are switching to the ETFSwap (ETFS) token to stay in profit and avoid their holdings taking a hit. With the ETFS token set to rise by 20,000%, buying now is an excellent way to position for this massive pump.
As the presale may end anytime soon, buy the ETFS token today for just $0.03846.
For more information about the ETFS Presale:
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