Crypto investment funds tracking Bitcoin, Ethereum, Solana, and Chainlink recorded net inflows for the fourth consecutive week, signaling institutional investors’ bullish sentiment toward the crypto market. Notably, ETFSwap (ETFS) is one of the altcoins that saw significant inflows last week, with investors rushing to accumulate the token before stage 1 of its presale closed.
Millions Of Dollars Flow Into ETFSwap (ETFS)
Crypto whales are seen to have invested millions of dollars in ETFSwap’s (ETFS) presale before stage 1 of its presale ended. This development again highlights the bullish sentiment towards the token. These investors have reason to be bullish on the ETFSwap (ETFS) ecosystem, given the role it is set to play in the future of finance.
ETFS is the native token of the ETFSwap platform, which tokenizes exchange-traded funds (ETFs) and enables them to be traded on-chain. The blockchain-based platform has continued to gain attention, given how it is revolutionizing global finance by ensuring financial democratization and granting users autonomy over their investments.
ETFSwap’s offering of integrating these traditional assets with blockchain technology has even become significant with recent developments in the traditional finance (TradFi) space. There were recent reports that investment platform E-Trade was considering banning well-known trader Keith Gill (Roaring Kitty) over concerns of potential market manipulation.
While nothing has been proven, the platform’s ability to ban an investor highlights the importance of a platform like ETFSwap (ETFS). Given ETFSwap’s (ETFS) decentralized nature, investors will have unrestricted access to the investment platform without fear of being banned or limited in their trading activity.
Investors will also have easy access to the ETFSwap (ETFS) platform, as they only need their crypto wallets and the platform’s native token to achieve their investment goals. Furthermore, the platform’s Know-Your-Customer (KYC) requirements are non-mandatory, which means that users can quickly start investing in record time.
The DeFi platform also provides a safe and secure environment to invest in. Thanks to the integration of blockchain technology, the decentralized investment platform is undoubtedly more secure than its centralized counterparts. Therefore, users can rest assured that they can trade as much money as they want on the platform without their funds getting stolen.
Meanwhile, investors can trade anonymously on the platform thanks to the integration of zero-knowledge (ZK) proof technology on ETFSwap (ETFS). This feature is undoubtedly useful as it shields investors from the prying eyes of the government and regulators. It also ensures that investors are more comfortable investing as much money as they like in these traditional assets without being targeted.
$185 Million Crypto Inflows For Bitcoin, Ethereum, Solana, And Other Coins
According to a blog post by CoinShares, crypto investment funds recorded inflows of $185 million last week, with Bitcoin (BTC) enjoying the lion’s share of these inflows. $148 million is said to have flown into Bitcoin (BTC). The bullish sentiment towards crypto assets was on display, with Short Bitcoin recording outflows of $3.5 million.
Ethereum (ETH) followed Bitcoin and recorded its second consecutive week of inflows, with $33.5 million flowing into the second-largest crypto token. Investors are believed to be very bullish on Ethereum (ETH) thanks to the recent approval of the Spot Ethereum ETFs, which are expected to begin trading in July.
Meanwhile, Solana (SOL), Chainlink (LINK), Litecoin (LTC), Ripple (XRP), and Cardano (ADA) were the other altcoins besides Bitcoin and Ethereum that recorded significant crypto inflows with $5.8 million, $1 million, $600,000, $800,000, and $300,000 flowing into these crypto assets respectively.
Conclusion On The Significance Of ETFSwap’s (ETFS) Crypto Inflows
ETFSwap’s price is expected to react positively to these recent inflows with a parabolic price surge. Interestingly, this is only the beginning of the massive inflows the token could witness, considering that more funds will flow into ETFSwap (ETFS) once the investment platform launches. Investors still have an opportunity to position themselves for these imminent price gains with stage 2 of the crypto presale on the way.
For more information about the ETFS Crypto Presale:
Read More: Crypto Inflows Reach $185 Million To Cross $2 Billion – Here Are The Winners
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. coinzoop.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.