$126 Million Flows Out Of Crypto Investments Into This Ethereum Token

Data from European-based digital assets management platform Coinshares shows that the crypto industry slowed down with regard to related investment products, indicating a $126 million outflow. The withdrawals are attributed to the just-concluded fourth Bitcoin halving, which makes investors cautious about investing as the crypto market seems very volatile. 

Coinshares, which made this information known on its X (formerly Twitter) page on April 15, 2024, also included that activities in exchange-traded funds (ETFs) declined by 9% from 40% to 31%. However, the trading volume bounced back to $21 billion. Further, other significant outflows were traced to the United States, Canada, and Switzerland. The US led the pack with over $145 million, Switzerland with $5.7 million, and Canada with $6 million.

However, investors in Germany helped make an inflow of $29 million. Coinshares also noted that despite the widespread caution, Bitcoin (BTC) saw a positive investment flow balance; however, it was not the same for Ethereum (ETH), which has extended its negative streak to five weeks of massive outflows amounting to $29 million in withdrawals. 

This indicates that more Ethereum investors are offloading their holdings, suggesting a bearish outlook on the token. Furthermore, investors are beginning to shift their focus to investment in other cryptocurrencies like ETFswap (ETFS) due to the perceived weakness of Ethereum (ETH) and Bitcoin (BTC). Currently, Ethereum (ETH) trades over the $3,200 mark, and Bitcoin (BTC) continues to hover around the $66,000 mark, according to data from Coinmarketcap.

Crypto Investors Are Impressed With Ethereum-Base ETFSwap (ETFS)

ETFswap (ETFS) is an Ethereum-based crypto project that opens up creative ways for traders to invest in exchange-traded funds (ETFs) by creating its tokenized version on-chain. The tokenized ETFs will be available for trading on a web3 marketplace designed to accommodate crypto experts and newbies with little or no experience in trading. 

It will also enable them to track the progress of this tokenized asset before making any trading decisions, thereby minimizing loss. Additionally, experienced traders can also use the up to 10x leverage on the platform to maximize their profits. 

They can also benefit from the fractional ownership feature to amplify their portfolio with diversity. More so, they can easily swap between the tokenized ETFs and other cryptocurrencies with its seamless swapping features. ETFswap (ETFS) users will also benefit from the no KYC policy, which will enable them to access the platform without needing to divulge personal information about themselves. 

ETFS, the platform's native token, is at the center of its ecosystem, enabling all who hold it to access all the services on the network, which includes trading tokenized ETFs. Holders of the token will be able to participate in the governance of the ETFswap (ETFS) ecosystem by voting on and proposing decisions that affect the platform's growth. 

Currently, the platform offers the token to the general public in its ongoing stage 1 presale at  $0.00854 per coin. All who buy at this stage will make profits when stage 2 starts at $0.01831. The great potential this token holds has created fear of missing out (FOMO) among Ethereum (ETFS) and Bitcoin (BTC) investors who are rushing in to get it at the current stage to cement their chance of profit. 

So far, over 23.6 million tokens have been sold, with the number increasing every day. As a cherry on top for investors, experts have speculated that the token will soon surge by 10,000% following its listing on exchanges. This means an investment yield of over 100x for early investors. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

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