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Home Press Releases

Justin Sun Shows Bullishness On Spot Ethereum ETFs Approval, Spends $480 Million On These Altcoins

30 June 2024
in Press Releases
Reading Time: 5 mins read
102 6
Justin Sun Shows Bullishness On Spot Ethereum ETFs Approval, Spends $480 Million On These Altcoins

Contents

Toggle
  • The ETFSwap (ETFS) Presale Among Altcoins Receiving Traction From Top Whales 
  • ETH Receives Huge Buy-In From Justin Sun Ahead Of Spot Ethereum ETFs Launch In July
  • Conclusion On ETH Whales Like Justin Sun Seeking To FOMO ETFSwap (ETFS) As Spot Ethereum ETFs Take Flight 

Crypto Billionaire Justin Sun expressed his bullish approval for Spot Ethereum ETFs. Sun, who founded the Tron (TRX) blockchain, has acquired millions of dollars in Ethereum (ETH) to cement his hopes for the altcoin’s future. This move has boosted investors’ confidence in altcoins such as ETH and ETFSwap (ETFS). As Spot Ethereum ETFs gain popularity, whales like Justin Sun want to invest in other ETF-related altcoins like ETFSwap (ETFS).

The ETFSwap (ETFS) Presale Among Altcoins Receiving Traction From Top Whales 

ETFSwap (ETFS) took Q1 and Q2 by storm when its impressive presale went live. Since then, this crypto has gained mass traction as experts call its plans to improve DeFi and its marketplace innovative. ETFSwap (ETFS) readily enables the trade of various altcoins for tokenized Exchange-traded funds on its website. It ensures asset safety by certifying that all tokenized ETFs on its platform are fueled by traditional commodities in the real world.

ETFSwap (ETFS) managed to ease the ETF scheme into its network because of its rapport with MiCa-compliant governed investment banks. With ETFSwap geared towards launching its set of ETFs in 2025, top whales have begun to get more acquainted with this altcoin. Market individuals have made bold predictions for ETFSwap (ETFS) following the FOMO it is experiencing. 

In addition, borderless ETF trading is achievable with ETFSwap (ETFS) due to its plans to aid investors’ trading experience. The platform introduced AI-generated tools known as the ETF Tracker and ETF Screener to fortify this seamless trading. 

With these tools, flexibility, and scalability become a part of ETF trading while volatility and risk are managed extensively. Other advantages of utilizing these tools include complimentary investment endorsements and predictions based on market sentiments and past data.

The ongoing presale of this unique platform’s governing token,  ETFS, triggers the FOMO craze. This project has continued to grab the attention of whales in the market who are looking to harness the ETF marketplace while raising millions. 

Each ETFS token is available at a solid rate of $0.01831 and is projected to double investors’ ROIs in a few weeks. While Spot Ethereum ETFs gain steam, investors who wish for a more diversified portfolio can start by joining this presale as it continues to sell out fast. 

ETH Receives Huge Buy-In From Justin Sun Ahead Of Spot Ethereum ETFs Launch In July

Justin Sun’s latest move on ETH has triggered a unique frenzy among altcoins in the market as investors await the launch of Spot Ethereum ETFs. The approval of the Securities Exchange Commission (SEC) on these Spot Ethereum ETFs 

According to on-chain analysis, Sun recently purchased an eyebrow-raising amount of ETH. A sum of $16.07 million was used to get these tokens. This purchase follows his one billion dollar investment in ETH last year. 

An anonymous wallet believed to be owned by Justin Sun deposited 120,000 ETH worth about $480 million. According to blockchain data, this transaction was executed on a liquid restaking platform known as Ether.fi. 

Multiple experts have expressed their thoughts on the SEC’s approval of these Spot Ethereum ETFs and Ethereum 2.0. Some speculate that the SEC may convert the altcoin from a security to a commodity. 

Conclusion On ETH Whales Like Justin Sun Seeking To FOMO ETFSwap (ETFS) As Spot Ethereum ETFs Take Flight 

Recent market signals have indicated that the ETF market will boom remarkably in the coming months, pushing altcoins as a result. Experts predict billions of dollars for this ecosystem as whales like Justin Sun join the Spot Ethereum ETFs hype train. 

Amid this, altcoins like ETFSwap (ETFS) have gained massive traction since it made its plans to revolutionize the DeFi market through public ETF trading. As more altcoin whales acquire the ETFS token via its presale, investors are urged to join this community now while its rate remains discounted.

 

For more information about the ETFS Presale:

  • Visit ETFSwap Presale
  • Join The ETFSwap Community


Disclaimer
This is a press release. The information provided in this article is for informational purposes only and does not constitute financial advice. DeFi Planet does not endorse or recommend any specific investment decisions and reminds readers to conduct their own research and due diligence before taking any financial actions. DeFi Planet is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

If you want to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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