Bitcoin ETFs’ Trading Volume Rise by $1 Billion After Crypto Crash, Institution Ready to Buy Ethereum Altcoins Like RCOF

Bitcoin ETFs recorded a $1 billion increase in trading volume following the market crash as institutional investors prepared to invest in RCO Finance (RCOF).

A recent report indicates that the trading volume of Bitcoin (BTC) exchange-traded funds (ETFs) surpassed $1 billion as investors scooped the dip from the latest market crash. 

Amid this development, institutional traders are turning their attention to Ethereum altcoins, specifically RCO Finance (RCOF), to accumulate RCOF during its presale phase.

Let’s find out why investors are buying RCOF and why you should.

Bitcoin ETF Trading Volume Hits $1 Billion Amid Market Downturn: Galaxy Executive

Alex Thorn, research head at Galaxy Digital, an asset management firm, revealed that Bitcoin exchange-traded funds (ETFs) pulled over $1 billion in trading volume after the recent market crash. 

Thorn tweeted this information on August 5, after the market began registering buying activities. Notably, Bitcoin ETFs reached $1.3 billion in volume 20 minutes into trading.

IShares Bitcoin Trust accounted for the most Bitcoin ETF transactions, culminating at $875 million. Following the 8% drop in spot BTC price between August 4 and 5, Thorn anticipates a surge in net inflows in Bitcoin ETFs as investors buy the dip. Meanwhile, Bitcoin was not the sole victim of the bearish force that held the market by the neck.

In a report on August 5, digital asset trading firm QCP Group noted that the downturn significantly impacted Ethereum (ETH) due to Jump Trading and Paradigm VC dumping their ETH bag on the open market. Reports show that Jump Trading has liquidated $377 million worth of ETH and may proceed to raise the number to $481 million. The abrupt sell-off was fueled by anxiety spurred by unpleasant macroeconomic reports that ruffled the entire financial market.

Commenting on the market's situation, 10X Research founder Markus Thielen stated that investors will likely retract from risk assets until the market regains strength. 

Currently, Bitcoin is up 4.73% to $56,576, but investors continue to tread carefully around the flagship crypto. Meanwhile, a newly deployed project on the Ethereum blockchain has caught the gaze of institutional players.

Institutions Hop On The Real-World Asset Revolution Via RCO Finance

RCO Finance is an Ethereum-based decentralized trading platform infused into several financial market sectors, such as crypto, stock, derivatives, and real-world assets (RWAs). 

As real-world assets are spotlighted in the crypto sector, RCO Finance will induct enthusiasts, including institutional investors, into the RWA tokenization revolution. Due to this category of investors' influence in the crypto sector, their presence will spur growth in the RWA division, and RCO Finance will help make it happen.

The focal point of this Ethereum project is its AI-driven robo-advisor. This robo-advisor offers numerous benefits to users, including creating a personalized investment strategy that matches their financial goals and risk tolerance. Given its machine-learning feature, it can assess market conditions, trends, sentiments, historical patterns, etc, to accurately determine the future prices of assets.

With over 120,000 assets embedded, RCO Finance is the best platform for portfolio diversification and profit maximization. 

Users can trade with up to 1,000X leverage and enjoy reduced trading fees. They can withdraw their profits to their local account using a globally accessible Web3 debit card issued by the Ethereum platform.

Furthermore, staking on RCO Finance equates to a high yield. Rewards are also distributed to stakers and RCOF holders through quarterly dividends and governance rights. The platform is completely safe, having undergone several smart contract scrutiny by SolidProof.

RCOF Weathers Crypto Market Storm

Despite the struggles crypto assets are experiencing, RCOF distinguishes itself as a contending force against the bears. While other assets dip, the RCOF price jumps even higher with each passing presale stage. In Stage 2, it sells for $0.0343 per token, 169% higher than its value last week.

Seeing its profit projection just for its presale, institutions have begun to accumulate RCFO en masse. This adoption will contribute immensely to its growth in the long haul. In the meantime, the token is poised for a 75% rally to its Stage 3 price of $0.0558.

RCOF is expected to wrap its presale around the $0.4-$0.6 price levels. Investors have an opportunity to realize up to 1,800% returns from the token upon launch. However, it is worth noting that this window of opportunity is closing soon.

For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join The RCO Finance Community