Wall Street experts have various views on how the Spot Ethereum ETFs could affect the ETH price when they begin trading. These funds are expected to begin trading this week, with Reuters reporting that it could happen as soon as July 22. These Spot Ethereum ETFs will also impact ETFSwap’s (ETFS) price when they launch.
How Much The Spot Ethereum ETFs Will Impact The ETH Price
Even before the Spot Ethereum ETFs were approved in May, Wall Street experts like Standard Chartered had begun to predict how they would impact the ETH price. Earlier in March, the bank predicted that the ETH price would rise to $8,000 by year-end thanks to the Spot Ethereum ETFs. Standard Chartered also predicted that these funds would attract between $15 to $45 billion in their first twelve months of trading.
Like Standard Chartered, other Wall Street experts have also predicted the inflows these Spot Ethereum ETFs could attract, which are projected to drive the ETH price up. JP Morgan and Citi have made similar predictions, stating that the Spot Ethereum ETFs will only witness a fraction of the Spot Bitcoin ETF inflows.
Although not as bullish as Standard Chartered, Steno Research predicted that the ETH price could reach $6,500 due to strong inflows from the Spot Ethereum ETFs. The research firm noted then that Ethereum (ETH) possesses qualities that appeal to Wall Street, so they projected that the Spot Ethereum ETFs could enjoy a net inflow between $15 to $20 billion within their first year of trading.
Some experts also told Reuters that the ETH price might not need the same amount of inflows before it records a similar price surge to the one Bitcoin (BTC) enjoyed after the Spot Bitcoin ETFs were approved. Galaxy Digital also supported this notion, noting that the ETH price is more sensitive to inflows.
ETFSwap’s (ETFS) Price Set To Skyrocket
ETFSwap’s (ETFS) price is set to skyrocket once these Spot Ethereum ETFs begin trading. The token will enjoy massive demand among Wall Street investors looking to invest in the tokenized Spot Ethereum ETFs on the ETFSwap trading platform. These Wall Street investors will flock to the decentralized finance (DeFi) platform to enjoy all the qualities that attracted them to ETH in the first place.
One of the qualities that attracted these Wall Street investors is the mouth-watering yields that from ETH through staking. On ETFSwap (ETFS), these investors can invest in the Spot Ethereum ETFs while staking their ETH tokens to enjoy these yields. Wall Street investors love yields and will be looking to stake their ETFS tokens since they can enjoy up to 80% annual yield (APY) on these staked tokens.
The ETFSwap (ETFS) token also provides access to several other crypto assets and commodities on the trading platform. The convenience that the DeFi platform offers users is another factor that is set to attract both retail and institutional investors. The platform’s Know-Your-Customer (KYC) requirements are non-mandatory, allowing investors to start investing quickly.
Furthermore, the trading platform allows investors to make more investment returns. On ETFSwap, users can use up to 50x leverage on each ETF trade. To hedge against their ETF positions, investors can also hold derivative contracts that allow them to bet on the future prices of these ETFs without expiration.
ETFSwap (ETFS) also plans to launch its ETF in 2025, allowing investors to maximize their gains further at the peak of this bull run. Meanwhile, investors will have artificial intelligence (AI) powered tools to work with on the DeFi platform, providing them with the best ETF recommendations based on market data analysis.
Both retail and Wall Street investors have become more bullish on ETFSwap (ETFS) ever since the project’s team was verified and certified by Solidproof. These investors noted that such development further proves the team’s commitment to ETFSwap’s long-term success.
Conclusion
Investors looking to purchase ETFSwap (ETFS) at its current price of $0.0183 must act fast, considering that the Spot Ethereum ETFs could begin trading as soon as July 22. In addition to the Spot Ethereum ETFs, the ETFSwap (ETFS) token will also enjoy a significant rally thanks to the ETH price, which is expected to kickstart the altcoin season.
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