This token is gaining popularity as bitcoin-ETFs are approved

However, the main consequences that the creation of a bitcoin fund will bring are legitimization and transparency in the regulation of digital currencies. New guidelines and clear standards for oversight, asset custody and compliance are expected to be established. There will be greater clarity regarding the transition to the final draft of regulation of the U.S. cryptocurrency industry.

On the other hand, with clearer rules for the bitcoin market in the United States, there will be a precedent for the industry as a whole. Based on this, common standards can be established – for example, with Europe, whose countries already have a full set of rules regarding digital assets and their use (MiCA bill).

The Canadian ETF Purpose Bitcoin ETF is worth highlighting as a successful fund implementation. The instrument was launched in February 2021 and attracted both institutional and retail investors, which increased interest in the cryptocurrency.

From a regulatory perspective, the launch of the fund in Canada was a milestone. It was the first bitcoin-ETF to be approved and listed on an exchange. The approval demonstrated the willingness of Canadian authorities to adapt to the cryptocurrency ecosystem and provide an appropriate monitoring structure for digital assets. Thus, there are many reasons to assume that with the advent of Bitcoin ETFs in the US, a new phase of crypto coin history will begin.

Why the new Bitcoin ETF token has attracted over a million dollars from investors in just 2 weeks

The development team behind a new cryptocurrency initiative, Bitcoin ETF (BTCETF), expects to capitalize on current events and attract investors to the startup. While leading asset managers are waiting for the SEC to decide on their applications, the project offers to capitalize on the current news background.

The team has tied the mechanics of the BTCETF coin burn to the actual stages of bitcoin ETF approval. The roadmap contains 5 phases and once each phase is reached, 5% of the offering is destroyed. Thus, the token is deflationary. The estimated 25% supply reduction can generate returns for long-term investors.

In addition, the strategy is based on staking. In the early stages of the pre-sale, the APY is 433%. However, this figure will decrease as more tokens are acquired and placed.

The presale will end when all 840 million of the 2.1 billion BTCETF tokens have been purchased. The token will gradually increase in value during the 10-phase presale until it reaches a presale high of $0.0068. Right now, the cryptocurrency is worth $0.0056 and $1.2 million has been invested in the project.

Additional benefits:

• The official website publishes the latest news about bitcoin-ETF.
• Investing in BTCETF in the first stages allows you to maximize your rewards.
• High level of transparency due to the connection with real events.

Conclusion

When large companies hold bitcoin in their reserves, it is clear that crypto assets are perceived as an important part of wealth management. Holding these coins can offer several potential benefits. For example, BTC is considered digital gold and a hedge against inflation for a reason. However, the price of the coin can fall unpredictably, and this currently carries a higher level of risk than the depreciation of money.

Diversification usually serves as a good way to allocate capital between different asset classes. The BTCETF pre-sale offers many incentives while remaining closely tied to key events in the financial world. The coin goes through several stages of value appreciation even during the early sale and, according to analysts, could grow 10 times its value, which is unlikely to happen with bitcoin.