The US SEC has approved the listing and trading of options on BlackRock's largest Spot Bitcoin ETF, Ishares Bitcoin Trust (IBIT). Amid the greenlight from the SEC, BlackRock has demanded 12-hour BTC withdrawals from Coinbase, causing a back-and-forth between both giants. Meanwhile, the trending Ethereum-based presale ETFSwap (ETFS) is on the verge of selling out.
FOMO Hits The ETFSwap (ETFS) Presale As Final Stage Sells Fast
ETFSwap (ETFS) has been a revelation since its emergence into the crypto space. The crypto community highly rates its ongoing presale and has sold over 500 million tokens already. Selling for only $0.03846 per token, investors who haven't bought the ETFS tokens are encouraged to do so right now, as the presale has caught FOMO – demand in the last four days has doubled. When the presale sells out in the coming days, ETFSwap (ETFS) could sell as high as $2.
With the tokenization of the real-world assets sector rapidly growing daily, ETFSwap (ETFS) has positioned itself as a forerunner of that industry. It allows investors to easily access and trade a wide range of tokenized exchange-traded funds (ETFs) and cryptocurrencies. This is achieved through its collaboration with MiCa-compliant regulated investment banks, allowing it to deal in cryptocurrencies and securities. This implies that ETFSwap (ETFS) platform assets are well-backed by real-world assets (RWAs).
ETFSwap (ETFS) is set to launch its Phase 1 beta platform in the coming days after robustly developing its backend. This highly anticipated launch has sent a wave of excitement among members of the crypto community, who can't wait to start trading and earning on the DeFi. The platform contains ETF pools, where investors can stake part of their holdings and earn sweet returns as the volume of the pools expands. Moreover, staking provides liquidity for swap trading, allowing investors to swap their cryptocurrencies for ETFs and vice versa.
The tokenization platform, ETFSwap (ETFS), uses blockchain technology's transparency, security, and reliability to provide a decentralized infrastructure where investors and traders can invest without worrying about traditional interference. They will enjoy features such as 24/7 access, no KYC, data immutability, consensus, on-chain data, etc., all of which contribute to a secure and reliable investment environment.
Another eye-catching feature of the platform, among several others, is its ETF Screener and Tracker. This AI tool analyzes data, trends, and patterns to predict and recommend the highest-performing ETF option to investors. CyberScope, a reputable blockchain security provider, has audited the ETFSwap (ETFS) infrastructure and certified it as secure. Team members have also passed SolidProof's KYC verification.
Spot Bitcoin ETFs: BlackRock Gets Options Approval, Battles Coinbase
A few days ago, the US SEC granted BlackRock, the world's largest asset manager, approval for listing and trading of options on its Ishares Bitcoin Trust (IBIT). This resolution introduces a new financial instrument to help investors manage risk associated with Bitcoin (BTC) exposure. Crypto enthusiasts have highly applauded the move, as the options will be rigorously surveilled to prevent market manipulation.
Following SEC's approval of options, BlackRock has filed for an amendment to its Spot Bitcoin ETF, demanding more transparent on-chain settlement practices from major crypto exchanges, such as Coinbase. This was after investors made widely known their concerns about Coinbase's ETF custodial practices.
BlackRock's filing with the US SEC reads:
"Subject to confirmation of the foregoing required minimum balance, Coinbase Custody shall process a withdrawal of Digital Assets from the Custodial Account to a public blockchain address within 12 hours of obtaining an instruction from Client or Client's Authorized Representatives."
Coinbase is the custodial for 10 out of 11 Spot Bitcoin ETFs in the US.
Conclusion
While BlackRock fights Coinbase, ETFSwap (ETFS) offers investors an opportunity to make sweet returns through Spot Bitcoin ETFs. Investors could potentially secure their future by buying the almost sold-out ETFS tokens in the ongoing ETFSwap presale.
For more information about the ETFS presale:
