ETH traders push the amount of ETH staked within the network to a new ATH as staking rewards for staked ETH increase and Spot Ethereum ETFs are expected to start trading next Tuesday. Meanwhile, ETFSwap (ETFS) has finalized preparatory work on its platform to accommodate traders and investors and help them successfully navigate the Spot Ethereum ETFs market.
ETH Metric Hits New ATH Amid Staked Rewards Increase And Imminent Spot Ethereum ETFs Arrival
The total amount of ETH staked in the Beacon Contract reached a new all-time high above 33.4 million ETH on July 12 as rewards for staking the altcoin rose 5% over the past month. ETH’s estimated rewards rate rose to 2.60% from June’s 2.48% value.
The figure has fallen slightly since June 12 but is still more than 33.2 million at the time of print. This brings the staked ETH to about 28% of the total ETH supply, with a total fiat worth of $114 billion.
The expected launch of Spot Ethereum ETFs on July 23 has been cited as another major factor behind traders’ and investors’ increasing willingness to stake their Ethereum (ETH). Investors and top analysts expect the commencement of trading for Spot Ethereum ETFs to win a sizeable amount of inflows. Bitwise CIO, Matt Hougan believes the funds can draw up to $15 billion in their first 18 months of trading.
Such large capital inflow will certainly send Ethereum (ETH) into a rally, with Hougan predicting Ethereum (ETH) could reach a new ATH of $5,000 before the year runs out. Many Ethereum investors have locked their ETH in the Beacon Contract hoping to make massive profits if these predictions come true. Ethereum (ETH) is trading at $3,441.6, according to CoinMarketCap data.
ETFSwap (ETFS) Braces For Spot Ethereum ETFs Trading On July 23
ETFSwap (ETFS) is an innovative platform for trading tokenized ETFs. ETFSwap (ETFS) is the sole provider of prospectus-based ERC-20 tokens and provides access to Spot Ethereum ETFs for traders and investors looking to invest in the upcoming assets. The platform is built on the highly secure and scalable Ethereum blockchain, allowing users to enjoy the perks of true decentralization – transparency, security, flexibility, and efficiency.
ETFSwap’s (ETFS) seamless marriage of DeFi and traditional finance enables investors and traders to diversify their portfolios using tokenized representations of real-world assets. The assets represented include bonds, funds, equity, spot ETFs, fixed-income ETFs, and other commodities. They, in turn, represent a range of industries, including healthcare, energy, agriculture, tech, etc.
ETFSwap (ETFS) has invested in innovative features and tools geared at assisting traders and investors in turning massive profits from their investments in Spot Ethereum ETFs. A major one is their implementation of advanced market-making algorithms that ensure sell and buy orders are taken at the best possible prices so traders always have optimal liquidity. The algorithm minimizes slippage and executes orders with tight spreads, efficiently matching buy and sell orders.
ETFSwap’s decentralized infrastructure also allows traders and investors 24/7 access to the market and market data. Thus, traders can take advantage of every opportunity in the market and swiftly close or adjust positions in response to changing market conditions.
ETFSwap (ETFS) has taken extensive security measures to secure its platform. Cyberscope, a security auditing firm conducted a thorough audit of the ETFSwap (ETFS) platform and found the platform was devoid of significant security risks. Furthermore, the ETFSwap (ETFS) team completed KYC verification from SolidProof, a smart contract security auditing firm, on July 10th.
Smart Investors And Traders Are Joining ETFSwap (ETFS) Ahead Of Spot Ethereum ETFs Launch
Top analysts and experts in the crypto market recognize ETFSwap’s potential and are joining the train by signing up on the website. They are also positioning for potential 10000x gains by buying the platform’s native token, ETFSwap (ETFS), on presale. The ongoing 50% bonus promo offers a unique opportunity to accumulate more tokens.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
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