Spot Bitcoin ETFs Holdings Are About To Hit 1,000,000 BTC, What This Means For Price
Spot Bitcoin ETFs’ cumulative Bitcoin (BTC) holdings have crossed 900,000 BTC. Analysts believe they are on track to surpass Bitcoin’s (BTC) pseudonymous creator Satoshi Nakamoto’s believed holdings of 1.1 million BTC before 2024 ends. Meanwhile, ETFSwap (ETFS) is preparing to launch the Phase 1 Beta of its ETF trading platform so traders and investors worldwide [...]
Spot Bitcoin ETFs’ cumulative Bitcoin (BTC) holdings have crossed 900,000 BTC. Analysts believe they are on track to surpass Bitcoin’s (BTC) pseudonymous creator Satoshi Nakamoto’s believed holdings of 1.1 million BTC before 2024 ends. Meanwhile, ETFSwap (ETFS) is preparing to launch the Phase 1 Beta of its ETF trading platform so traders and investors worldwide can profit from the huge liquidity going into Spot Bitcoin ETFs.
ETFSwap (ETFS) Teases Beta Platform Launch, Invites Traders To Test
ETFSwap (ETFS) is a tokenization platform for ETFs. The DeFi platform integrates institutional ETFs, backed by various real-world assets and commodities, with the decentralized world of cryptocurrency and blockchain technology. ETFSwap (ETFS) collaborates with influential MiCA-compliant regulated investment banks to offer ETFs from a database of institutionally provided ETFs.
The platform was built on the robustly secure and highly scalable Ethereum blockchain. Hence, users will enjoy true transparency, permissionless and borderless trading, and other perks of decentralization. Building on the Ethereum blockchain’s layers of security, ETFSwap (ETFS) got a thorough audit of its infrastructure from Cyberscope, a security auditing firm, and found no significant security risks on the platform.
Additionally, ETFSwap’s (ETFS) team members and leadership ordered and completed KYC verification from SolidProof, a smart contract security auditing firm, to reassure investors that their investments are in safe hands. As one of the requirements to complete the verification, the project’s contract address has been prominently displayed on its website’s homepage.
Meanwhile, ETFSwap (ETFS) eliminated the KYC requirement that has prevented some institutional investors from investing in crypto assets. They can now simply sign up using their email address and enjoy ETFSwap’s (ETFS) transparent, borderless, and permissionless trading platform.
ETFSwap’s DeFi infrastructure provides 24/7 market coverage and allows users unrestricted access to the market. This flexibility helps them seize every trading opportunity while swiftly responding to adverse changes in market conditions. When the Phase 1 Beta launches in just a few days, interested investors and traders can get a feel for these features and other tools, such as the AI-powered ETF Screener and ETF Tracker.
Spot Bitcoin ETFs On Track To Surpass Bitcoin Founder’s Holdings With Two-Week Net Inflows Streak
Bloomberg analyst Eric Balchunas shared Edmonson Shaun’s list of entities with the highest Bitcoin (BTC) holdings on his X (formerly Twitter) account on September 25. In the accompanying caption, Balchunas highlighted the combined total held by Spot Bitcoin ETFs in the US (916,047 BTC), just 8% shy of a million.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) takes the lion’s share with 358,080 BTC. Grayscale’s two ETFs, the Grayscale Bitcoin Trust (GBTC) and Grayscale Mini Trust (BTC) hold a combined 258,671 BTC. Fidelity rounds out the top three with its Fidelity Wise Origin Bitcoin Trust (FBTC) holding 184,490 BTC.
The massive accumulation of Bitcoin (BTC) by Spot Bitcoin ETFs is fueled by the recent surge in investment inflows into the assets. At the time of writing, the sum has reached $17.9 billion, according to data from Farside Investors.
Analysts have noted how the mass accumulation of Bitcoin (BTC) by Spot Bitcoin ETFs from small-scale investors is causing a Bitcoin (BTC) scarcity on exchanges. The resulting increase in demand has been called one of the factors driving the crypto’s price up recently. Bitcoin (BTC) has crossed the $65,000 mark for the first time since August 2 and is trading at $65,378.10.
Conclusion
As Spot Bitcoin ETFs receive more liquidity, ETFSwap (ETFS) is working hard to help investors and traders take advantage of the surge. The ongoing ETFSwap (ETFS) presale is a good starting point for them. The tokens are going for the low price of $0.03846, but its expected 40,000% rally will soon increase its value massively.
For more information about the ETFS Presale:
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