Experts believe that the ETH price may be at risk of a $1 billion supply shock due to Spot Ethereum ETFs. While some analysts believe this is a positive trend for ETH, others worry about the potential bearish price action.
Amid the chaos, ETFSwap (ETFS) has forged its potential as a solid pick for the best market gains as Spot Ethereum ETFs begin trading live. With the Ethereum ETFs already drawing in massive funds, ETFSwap (ETFS) is set for the next wave of bull market trends.
Supply Shock Could Follow Spot Ethereum ETFs
Last week, the Chicago Board Options Exchange announced that it had obtained the go-ahead from regulators to list Spot Ethereum ETFs on July 23. While Spot Ethereum ETFs recorded $1 billion in inflows on the first day of trading, experts believe there are possible bearish factors to consider.
On-chain data shows that the ETH price could see selling pressure in the coming weeks. The CryptoQuant chart below tracks the number of ETH investors holding their coins on crypto exchanges and other trading platforms. This gives insight into market selling trends, as exchange coins are potential sell-offs.
The chart shows that ETH investors held 16.6 million ETH on exchanges as of June 30. The number shot up to 16.9 million ETH as Spot Ethereum ETFs launched on July 23, showing that investors have deposited an additional 330,000 ETH on exchanges in that time frame. 330,000 ETH is valued at about $1 billion, which suggests an increase in market supply and possible bearish trends despite the massive success of Spot Ethereum ETFs at launch.
The ETH price is trading at $3,329 as of this writing, showing a slight decrease since the launch of Spot Ethereum ETFs despite continued inflows. However, experts believe Ethereum (ETH) is still on track for new all-time highs and could go as high as $10,000.
Similarly to Bitcoin (BTC), Grayscale Ethereum Trust had over $9 billion worth of ETH, which has now been converted to an ETF. Analysts expect massive outflows from Grayscale in the coming weeks and believe it may be the major short term hindrance to an ETH price surge.
ETFSwap (ETFS) Set For Massive Rally Amid Promising Market Trends
Investors consider ETFSwap (ETFS) the most prominent market opportunity to capitalize on the rave with Spot Ethereum ETFs. As crypto ETFs continue to integrate further into the landscape, ETFSwap (ETFS) provides a decentralized avenue for investors to explore the ETF market more deeply. Beyond crypto ETFs, this will include ETF assets from industries such as healthcare, engineering, energy, commodities, etc.
The new ETF trading platform provides a blend of centralized and decentralized markets, enabling new features and opportunities for investors exploring ETF assets. ETSwap (ETFS) will exist on the Ethereum blockchain and leverage the network for its tokenized ETF offering. Actual assets from traditional markets will back the tokenized assets and will offer many more benefits than the original securities.
ETFSwap (ETFS) will list tokenized ETFs as crypto-compatibility assets, allowing for benefits such as one-button crypto-to-ETF swaps, fast settlements, passive income from staking yields, lending, and many more. Furthermore, ETFSwap (ETFS) will be a comprehensive trading platform with market-making opportunities and futures trading with up to 50x leverage.
ETFSwap (ETFS) is ready for beta phase launch. The team recently completed KYC with SolidProof, which verified the identity of all team members. This provides additional credibility alongside CyberScope’s smart contract audit.
Conclusion
Analysts believe the market is generally bullish despite concerns about an Ethereum (ETH) supply shock. The hype around Spot Ethereum ETFs seems sufficient to trigger market excitement, as seen on the ETFSwap (ETFS) presale. The new platform promises massive profits during its early presale phase, and investors are not missing out on the opportunity.
Join other smart money wallets now and buy ETFSwap (ETFS) on presale at $0.01831 before the price increases to $0.03846.
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