Altcoins
Ethereum Spot ETFs to Start Trading on July 23 – These Altcoins Will Surge in Response
Industry sources report that the U.S. Securities and Exchange Commission has given preliminary approval to at least three of eight asset managers that could launch Ethereum Spot ETFs on July 23. With final approval dependent on a few other factors, experts expect some altcoins to surge in response.
Some of these altcoins include Ondo Finance (ONDO), Ripple (XRP), and ETFSwap (ETFS). However, ETFSwap (ETFS) shines on this list as the best token for profits; read on to find out why.
ETFSwap (ETFS) Set for the Moon with Early Launch of Spot Ethereum ETFs
ETF Swap (ETF) is an emerging blockchain-based platform that provides on-chain ETF market via tokenized ETFs. The ongoing pre-sale allows investors to secure early entry and get in at a low price before significant market traction. However, ETFSwap (ETFS) is rapidly growing amid the excitement of Ethereum Spot ETFs.
With Ethereum Spot ETFs ready for launch In about a week, investors have identified ETFSwap (ETFS) among other altcoins as a potential mooncoin. The new ETF trading platform combines the best aspects of decentralized and centralized markets, serving as a bridge of use cases. As such, ETFSwap (ETFS) can facilitate 24/7 market coverage, convertibility into cryptocurrencies, decentralized trading, and other benefits not available to investors trading directly from traditional markets.
Tokenized ETFs on ETFSwap (ETFS) are backed by actual securities purchased from traditional exchanges. However, these tokenized versions offer greater investment flexibility and expand the boundaries of market opportunities. With tokenized ETFs, users can initiate rapid settlements, quick crypto swaps, earn passive income from staking returns, access liquidity through lending, and more.
This new feature sets ETFSwap (ETFS) apart from centralized ETF trading platforms. Furthermore, ETFSwap (ETFS) is the first of its kind and investors are heavily banking on its first-mover advantages. Its decentralized nature allows investors to trade cryptocurrencies and ETFs without providing any KYC information, a major deterrent for crypto investors exploring ETFs.
Recently, ETFSwap (ETFS) has passed the KYC verification by Solid proof and was deemed safe and secure in the interaction.
Ondo Finance (ONDO) Promises Profits as Market Gears Up for Altcoin Bullish Move
Ondo Finance (ONDO) is one of the altcoins to watch for a price surge as Ethereum spot ETFs prepare for launch. Ondo Finance is a real-world asset (RWA) platform designed to connect assets from TradFi to DeFi and bring institutional-grade assets on-chain. With a primary focus on tokenizing U.S. Treasury yields on-chain, Ondo Finance expands access to TradFi’s flagship risk-free asset.
Operating in the same DeFi-to-TradFi category as spot Ethereum ETFs, Ondo Finance (ONDO) is positioned for even higher price action. The cryptocurrency has surged over 600% in the past year, which is a testament to the growth around real-world assets and tokenization. Competing with other altcoins, Ondo Finance is trading at $1.13 and investors are expecting more gains.
Ripple (XRP) promises decent returns amid bullish momentum
Ripple (XRP) is one of the top altcoins to watch ahead of the launch of Ethereum Spot ETFs. Unlike the other coins mentioned above, Ripple (XRP) has not been very impressive, but experts believe that the trend will change to bullish when Ethereum Spot ETFs hit the market.
The ongoing Ripple – SEC case has been going on for nearly four years, but experts see it coming to an end soon. While Ripple (XRP) and the SEC have struggled to agree on a fine, crypto enthusiasts are optimistic that XRP will win.
At the time of writing, Ripple (XRP) is trading at $0.5433 as investors look for immediate gains on XRP with the launch of Ethereum spot ETFs.
Conclusion
The launch of Ethereum Spot ETFs is set to spark a rally in altcoins, including Ripple (XRP), Ondo Finance (ONDO), and ETFSwap (ETFS). However, one pick stands out on the list for its greater profit potential: ETFSwap (ETFS). The ETF trading platform shares some similarities with Ondo Finance (ONDO), but stands out as a newer, undervalued option with room for higher profits and lower associated risks.
ETFSwap (ETFS) is running out fast $0.01831and the next pre-sale phase is set to start at $0.03846; grab this great opportunity now.
For more information on the ETFS pre-sale:
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