There are exciting times ahead for the crypto market with several bullish developments. VanEck and 21Shares recently filed their 19b-4 applications for their respective Spot Solana ETFs ahead of the launch of the Spot Ethereum ETFs, which is set to happen soon enough. Meanwhile, ETFSwap’s (ETFS) beta platform is also expected to launch soon enough.
VanEck and 21Shares File 19b-4 Ahead Of Spot Ethereum ETFs Trading
The Chicago Board Options Exchange (CBOE) has filed the 19b-4 forms for VanEck and 21Shares’ Spot Solana ETFs. These filings inform the US Securities and Exchange Commission (SEC) of the stock exchange’s intention to make a rule change and list the Spot Solana ETFs.
VanEck’s head of digital assets, Matthew Sigel, confirmed in an X (formerly Twitter) post that CBOE had filed the 19b-4 form for his firm’s Spot Solana ETFs. With the 19b-4 forms for these Spot Solana ETFs now filed, the SEC will need to acknowledge them, after which the review period for these Spot Solana ETFs will begin.
This development comes ahead of the imminent launch of the Spot Ethereum ETFs. Based on predictions made by market experts like Nate Geraci, the President of the ETF Store, these Spot Ethereum ETFs could launch by next week. The Spot Ethereum ETF issuers have already amended their S-1 filings and are now waiting for the SEC to greenlight these funds. The Spot Ethereum ETFs will begin trading immediately after that happens.
ETFSwap’s (ETFS) Beta Platform Set To Launch
ETFSwap’s beta platform is expected to launch soon, allowing users to get a feel for what to expect from the decentralized finance (DeFi) platform. ETFSwap redefines ETF trading by simplifying how investors invest in exchange-traded funds (ETFs). The trading platform tokenizes exchange-traded funds (ETFs) like the Spot Ethereum ETFs and enables them to be traded on-chain.
ETFSwap’s decentralized nature means investors can access these traditional assets in seconds without authorization. Users do not have to worry about encountering overwhelming customer verification processes since the trading platform has made its Know-Your-Customer (KYC) requirements non-mandatory.
ETFSwap (ETFS) has also integrated zero-knowledge (ZK) proof technology, allowing investors to trade these ETFs anonymously. ZK proof enables the trading platform to confirm each user’s personhood without needing them to reveal their identity or any other sensitive information.
Furthermore, the DeFi platform has introduced leverage trading for ETFs, allowing traders to use up to 50 leverage on each ETF trade. Additionally, traders can take advantage of the perpetual futures trading services on ETFSwap, allowing them to hold derivative contracts for these ETFs without expiration.
Meanwhile, by bringing these ETFs on-chain, ETFSwap has made it possible for investors to invest in ETFs and crypto assets in the same place. Using the ETFS token, users can easily swap their ETF holdings for crypto assets and vice versa, making portfolio diversification much easier. Investors also get to access various commodities on the trading platform. The platform also plans to launch its own ETF in 2025, providing more investment opportunities for investors.
ETFSwap (ETFS) undoubtedly boasts a bullish outlook, and investors are more confident in its ecosystem than ever. The team has undergone a Know-Your-Customer (KYC) verification process and has been certified by Solidproof, a Smart contract security auditing firm. As part of the process, Solidproof verified the project’s ownership and confirmed that the ETFS token’s contract address had been published on the mainnet.
Conclusion On What Crypto ETFs Mean For ETFSwap (ETFS)
The potential launch of the Spot Ethereum ETFs and Spot Solana ETFs is bullish for ETFSwap and its native ETFS token. Analysts project that the crypto token will witness an increased demand thanks to investors looking to invest in these Spot Ethereum ETFs and Spot Solana ETFs on the trading platform. Considering this, it is best to buy the ETFSwap (ETFS) token while it is still on sale at a discounted price of $0.0183.
For more information about the ETFS Crypto Presale:
Disclaimer
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