This token is gaining popularity as bitcoin-ETFs are approved

Bitcoin ETF Popularity

Bitcoin-ETFs (exchange-traded funds) have become one of the most discussed topics in the cryptocurrency segment. They offer users a more affordable and safer way to invest in BTC without facing the problems and risks associated with direct purchase.

The number of submitted proposals to launch spot bitcoin-ETFs on the US market indicates a high buying interest in this financial product. However, the initiative of many companies was suppressed due to delays and refusals of the US Securities and Exchange Commission (SEC).

Nevertheless, representatives of some investment firms believe that approval of all applications is inevitable. For example, VanEck posted the results of its analysis, which claims that bitcoin-ETFs in the United States will be launched in January next year.

How investors will be able to earn after bitcoin-ETF approval

A bitcoin-ETF is a listed investment fund designed to track the price of BTC. Through the ETF, traders will be able to access the asset without owning it directly. Instead of buying and storing bitcoins, users will become purchasing shares of the ETF.

The approval of the new BTC fund will primarily benefit ordinary investors. The average trader is not necessarily familiar with token exchanges, wallet keys, secure storage, and other aspects that are essential to protecting crypto assets.

Financial market participants will be able to earn bitcoins through their regular broker, trade, and invest in ETFs like any other stock. When an ETF share is purchased, managers use the money to buy BTC, which is then stored offline in a cold wallet. The gains or losses of the holder of the share during this period are similar to what a bitcoin holder would have realized.

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Another benefit of fund approval is less volatility and risk. Bitcoin-ETFs will be subject to regulatory oversight by financial authorities, which will provide a clear legal framework for investing in cryptocurrencies. Thus, even the most conservative traders will be able to receive payments in BTC.

Overall, the introduction of bitcoin funds into traditional financial markets will have a significant impact on the global adoption of all types of cryptocurrencies. By providing another investment option, ETFs can attract a wide range of users who would otherwise not risk diversifying their portfolio with tokens.

Either way, earnings in bitcoins will depend on the investor’s strategy and profile, as well as the amount they allocate to buying shares. Given that BTC is a volatile asset, some prefer to invest in presales (particularly those related to the approval of a spot bitcoin fund such as the Bitcoin ETF).

How the approval of a spot bitcoin fund could affect the cryptocurrency market

The emergence of a Bitcoin fund will mark a revolution in the industry and will divide the digital industry into “before” and “after.” ETFs will provide additional opportunities for institutional investors, allowing them to get into the market in a more accessible way.

The approval of new instruments will encourage financial acceptance of digital currencies. As more institutional investors enter the market, new economic opportunities will become available. The development of solutions and services related to BTC and other coins, such as Bitcoin ETFs, will be encouraged.

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.

This token is gaining popularity as bitcoin-ETFs are approved
Project website

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.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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