Historically, institutions have avoided investing in cryptocurrency for fear of its volatility and lack of regulation. However, as crypto ETFs continue to prove to be viable assets, more institutional trading platforms, such as ETFSwap (ETFS), are now listing them.
Cryptocurrency investors now regard January 10 as a pivotal day because of the significant transformation the exchange-traded fund, or ETF, industry underwent as a result of the SEC approval of 11 new Spot Bitcoin (BTC) ETFs that were launched.
According to Brandon Zemp, CEO of BlockHash, “Crypto ETFs are essentially low-cost, more diversified funds that track the price of a select individual cryptocurrency or even a group of cryptocurrencies and require no real need to understand how crypto self-custody works, making them a simpler way of gaining exposure to the crypto market.”
Unlike their predecessors, most of these crypto ETFs hold only Bitcoin directly as their underlying asset instead of relying on futures contracts. However, a new kid on the block that’s leaving a mark on the whole cryptocurrency market is ETFSwap (ETFS) – the first crypto ETF presenting a rare opportunity for Investors to buy, sell, and trade ETFs across several industries, including crypto, healthcare, mining, oil and gas, etc.
Institutional Trading Platforms Love Fidelity Advantage Bitcoin ETF
Fidelity Advantage Bitcoin ETF aims to invest in Bitcoin, while Fidelity Advantage Bitcoin ETF Fund invests in Fidelity Advantage Bitcoin ETF. However, these funds don’t speculate concerning short-term changes in bitcoin prices.
Given how speculative and volatile the Bitcoin market is, there is a considerably high risk that these funds will not be able to meet their investment objectives. Investing in these funds should not be intended as a complete investment program and is appropriate only for investors who can absorb the loss of some or all of their investment. This is, therefore, considered high-risk.
All trading platforms used to calculate the Fidelity Bitcoin Index maintain Know-Your-Client (KYC) policies and procedures
However, in ETFSwap (ETFS), operations use a permissionless access framework. This means that users do not have to worry about the overwhelming Know-Your-Clients (KYC) requirements they usually have to fulfill when investing in these real-world assets (RWAs)
Grayscale Bitcoin Trust ETF (GBTC) Falls Behind Other Crypto ETFs
Originally started as a closed-end fund, a protracted legal battle with the SEC concerning Grayscale’s conversion provided much of the foundation that paved the way for the debut of spot Bitcoin ETFs. Now operating in a Spot ETF form, GBTC still ranks among the top Crypto ETFs.
However, a matter of concern for GBTC is the net outflows by investors due to excessively high fees. Despite its advantages as a first-mover and economy of scale, GBTC has an expense ratio of 1.5%.
While other crypto ETFs are charging lower fees or waiving them entirely, this has caused investors to sell GBTC and pursue cheaper alternatives. Only time will tell if GBTC remains at the top in terms of sheer size.
To address this issue, the ETFSwap (ETFS) platform provides low-cost smart contract-driven products that require no fund manager, hence no extra management fees. This has made it a top bet for institutional trading platforms offering crypto ETFs to their clients.
ProShares Ether Strategy ETF (EETH) Makes A Play For Top Crypto ETFs
While the SEC maintains intense scrutiny on the Spot Ethereum ETF filings, investors can, meanwhile, make do with Ethereum “strategy” ETFs like EETH.
These ETFs provide a proxy for exposure to Ether using a Treasury bills portfolio that acts as collateral for CME Ether futures. These derivatives do not bet on the current, or “spot” price of Ether; rather, their bet is on the “future” price.
However, it’s noteworthy that these ETFs do not hold any underlying Ether. Their exposure is gained via derivatives, and as such, a degree of tracking error is to be expected.
This refers to the potential difference between EETH’s returns and the spot Ether price. Additionally, EETH deals with a greater amount of drag due to a high 0.95% net expense ratio.
On the contrary, ETFSwap (ETFS) provides attractive competitive yields to those who invest their ETFS tokens. Unlike regular institutional trading platforms, these yields are going to be way higher as each ETF’s pool volume increases.
ETFSwap (ETFS) Is Considered Best Among The Rest Across Institutional Trading Platforms
The platform’s entrance into the crypto space has taken the entire crypto community by storm, providing access to tokenized ETFs such as commodity, fixed-income, and crypto ETFs, thus drawing global investors into its growing market.
The CEO of BlackRock, Larry Fink, hinted that tokenization was soon to be the “next generation for markets, adding that tokenized real-world assets could even end up bigger than Bitcoin (BTC). This acknowledgment makes the offering of ETFSwap’s token (ETFS) an even more exciting prospect.
Investors on the ETFSwap (ETFS) platform are also offered the option of up to 10x leverage, which means they can maximize their profit margins by up to 1,000%. The platform also provides staking services for all token holders, allowing them to earn passive income, and holders receive governance rights. Additionally, ETFSwap (ETFS) is set to gain more prominence with massive adoption.
The platform is currently in Stage 1 of the presale, with each token selling for $0.00854. At the time of writing, it has sold a staggering 35 million+ tokens, indicating the massive demand from crypto investors to gain exposure to ETFSwap.
With less than 7 days left in Stage 1, there is ample opportunity to make mind-blowing gains at the present price of $0.00854. An expected price increase to $0.01831 in Stage 2 promises a guaranteed 100% profit for early birds who invest in Stage 1 now.
For more information about the ETFS presale:
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
