Industry sources report that the US Securities and Exchange Commission has given preliminary approval to at least three of the eight asset managers that could launch Ethereum Spot ETFs on July 23rd. As final approval hinges on a few other factors, experts expect certain 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 see why.
ETFSwap (ETFS) Set For The Moon With Ethereum Spot ETFs Launch Ahead
ETFSwap (ETFS) is an emerging blockchain-based platform that delivers the ETF market on-chain via tokenized ETFs. The ongoing presale 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 set to launch in about a week, investors have singled out ETFSwap (ETFS) amongst 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 to cryptocurrencies, decentralized trading, and other benefits unavailable to investors trading directly from traditional markets.
The tokenized ETFs on ETFSwap (ETFS) are backed by actual securities purchased from traditional markets. Nevertheless, these tokenized versions offer more investment flexibility and expand the boundaries of market opportunities. With tokenized ETFs, users can initiate fast settlements, quick swaps to crypto, earn passive income from staking yields, access liquidity via lending, and more.
This new feature sets ETFSwap (ETFS) apart from centralized ETF trading platforms. Additionally, ETFSwap (ETFS) is the first of its kind, and investors are betting massively on its first-mover advantages. Its decentralized nature allows investors to trade crypto and ETFs without providing any KYC information, a major deterrent for crypto investors exploring ETFs.
Recently, the ETFSwap (ETFS) passed KYC verification by SolidProof and has been vetted as safe and secure to interact with.
Ondo Finance (ONDO) Promises Profit As Market Sets For Bullish Movement For Altcoins
Ondo Finance (ONDO) is one of the altcoins to watch for a price surge as Ethereum Spot ETFs prepare to launch. Ondo Finance is a real-world assets (RWA) platform designed to bridge assets from TradFi to DeFi and bring institutional-grade assets on-chain. Mainly focusing on tokenizing US Treasury yields on-chain, Ondo Finance expands access to TradFi’s leading risk-free asset.
Operating in the same DeFi-to-TradFi category as Ethereum Spot ETFs, Ondo Finance (ONDO) is positioned for even higher price movement. The cryptocurrency has risen by over 600% in the past year, which is a testament to growth around real-world assets and tokenization. Contending against other altcoins, Ondo Finance is trading at $1.13, and investors would look towards more gains.
Ripple (XRP) Promises Decent Returns Amid Bullish Momentum
Ripple (XRP) is one of the best altcoins to watch towards the launch of Ethereum Spot ETFs. Unlike the other coins mentioned earlier, Ripple (XRP) has not been quite impressive, but experts believe the trend will flip bullish as Ethereum Spot ETFs hit the market.
The ongoing Ripple – SEC case has lasted almost four years, but experts see it ending soon. While Ripple (XRP) and the SEC have struggled to agree on a fine, crypto enthusiasts are optimistic about an XRP victory.
As of this writing, Ripple (XRP) is trading at $0.5433 as investors target immediate gains on XRP as Ethereum Spot ETFs launch.
Conclusion
The launch of Ethereum Spot ETFs is set to trigger a rally on altcoins, including Ripple (XRP), Ondo Finance (ONDO), and ETFSwap (ETFS). However, one pick stands above the rest on the list for its higher chance of profits: ETFSwap (ETFS). The ETF trading platform shares some similarities with Ondo Finance (ONDO) but edges out as a newer, undervalued option with room for higher profit and lesser associated risks.
ETFSwap (ETFS) is selling out fast at $0.01831, and the next presale stage is set to start at $0.03846; seize the cheap opportunity now.
For more information about the ETFS Presale:
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