The approval of Spot Bitcoin and Ethereum ETFs by the Hong Kong Securities and Future Commission in mid-April 2024 indicated that more regulatory bodies of different regions are beginning to view crypto investments in a more positive light, and this opened the floodgate of several filings of spot ETFs, especially among altcoins. This new development has led some analysts to believe that altcoin ETFs could be the next wave of assets to watch out for in the coming months. One such analyst is Brett Tejpaul. Let’s explore why he has such sentiments
Altcoin ETFs To Lead Ahead Of Bitcoin And Ethereum, Market Expert Says
In an event known as Investor Day held in New York on April 27, 2024, Brett Tejpaul, head of Coinbase institutional, an arm of Coinbase that focuses on helping clients to develop and execute opportunities on digital assets and web3, revealed his support for altcoin ETF products compared to Bitcoin and Ethereum.
Brett is not alone, as several other institutional investors have shared the same sentiments, and this is shown by the recent consistent interest in altcoin ETFs investments even as the crypto market remains unstable.
However, unlike Brett, others who attended the event in New York, like Zach Pandl, managing director of research at Grayscale Investments, maintained his bullish stance on Bitcoin (BTC) and other related products like spot Bitcoin ETFs.
This is coming in light of rumors that BlackRock, the largest asset manager in the world, was planning to launch an XRP ETF. However, Blackrock decided to hold off on the asset due to the ongoing battle for regulatory clarity regarding the crypto industry.
Also, on April 1, Coinbase launched futures contracts for several crypto assets, including Dogecoin (DOGE); many in the crypto industry believe this could be a precursor to the launching of a spot Dogecoin ETF.
Nevertheless, Bitcoin and Ethereum have continued to maintain their dominance in the crypto industry. But it is believed that the increased interest in altcoins by whale investors could result in the filing and approval of altcoin ETFs soon enough.
ETFSwap Makes It Possible To Invest In ETFs Before The Altcoin ETFs Wave
ETFswap (ETFS) is a blockchain platform reshaping how investors in the crypto industry interact with exchange-traded funds (ETFs) through the tokenization of assets. The tokenized ETFs will be a direct representation of traditional ETFs like spot Bitcoin ETFs on-chain, therefore allowing investors to invest in several asset classes on a single interface. Also, they can closely monitor this asset before making any investment decisions, thereby minimizing loss.
Experienced traders on the platform can benefit from features like leverage trading and fractional ownership, enabling them to maximize their profit and amplify their portfolio with diverse assets. ETFS, the platform’s native token, will be instrumental in accessing its features, which include trading tokenized ETFs. Currently, the only way to get it is to purchase it in the ongoing presale event, where ETFswap (ETFS) offers the token at a low price of $0.00854 per coin in stage 1.
Those who buy the token at stage 1 will make a profit when stage 2 starts at $0.01831. Investors are currently purchasing this token at stage 1 because not only will it help them realize an automatic profit, but it will unlock access to trading ETFs on-chain, which will result in even more massive profits as this asset class is currently making waves in the crypto industry.
Further, ETFS has been speculated by experts to increase to the $1 mark soon, providing a 100x yield on profits for early investors. Do you want to benefit from the upcoming altcoin ETF wave and make a 100x yield on your investment? Join the ETFswap (ETFS) presale today.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.