Join our Telegram channel to stay up to date on breaking news coverage
The bitcoin ETF token is the ideal investment vehicle to play into the exchange-traded fund (ETF) theme that is taking over the cryptocurrency market. Investors have invested $1,577 billion in the ICO, which is currently priced at $0.0058. $BTCETF is in stage 5 of its 10-stage pre-sale.
There are only three days left before the price rises to $0.0060, although this stage could run out sooner as there is only $500,000 to raise before stage 6 begins.
Although the false starts of erroneous reports that a BlackRock spot bitcoin ETF had been approved and that the same asset manager was planning to issue a spot XRP ETF, were unwelcome reminders of the relative immaturity of the bitcoin market. cryptocurrencies, reminded everyone that the bulls are anxious. go.
A meeting between BlackRock and the SEC earlier this week also got the juices flowing, as bitcoin trades today as high as $38,250 at an 18-month high. Then there was SEC Commissioner Hester Peirce, who weighed in this week with a more positive news stream, commenting, “…there is no reason for us to stand in the way of a spot bitcoin ETF.”
Add to that the $4.3 billion settlement of criminal charges brought against Binance by the Department of Justice (DOJ) and former CEO CZ, and many feel the digital asset sector is on the cusp of a new era. golden, where regulators rule. The roost and retail and institutional investors can trade easily and safely.
#BitcoinETF Stage 5 is now available! pic.twitter.com/bz0twyXA77
– BTCETF_Token (@BTCETF_Token) November 24, 2023
<h2 id="h-bitcoin-etf-token-is-specially-developed-to-ride-the-wave-of-etf-induced-bitcoin-fomo” class=”wp-block-heading”>bitcoin ETF Token Designed to Take Advantage of bitcoin ETF-Induced FOMO
As the number of one-time bitcoin ETF applications rises to 12, there are now ways to gain exposure to the pre-launch hype that doesn’t involve waiting for applications to be approved: enter the bitcoin ETF token.
The bitcoin ETF token ($BTCETF) has been specially developed to attract market participants who want exposure to the history of bitcoin spot ETF alpha returns.
The $BTCETF token, which runs on the ethereum blockchain, has been designed in such a way that it benefits from every real-world milestone in the bitcoin Spot ETF’s journey from approval to launch.
A burn tax goes into effect when the coin is launched on decentralized exchanges (DEX) and decreases by 1% as each designated milestone is reached. In parallel to this, there is a burning mechanism of up to 25% of the total supply to further reinforce the currency’s deflationary scarcity. Each time a milestone is reached, the transaction tax is reduced by 1%.
bitcoin ETF Token ($BTCETF) Milestone Trigger Events for Burns and Transaction Taxes. Source: bitcoin ETF Token
These twin mechanisms mean that holders of the $BTCETF token will have the crypto portfolios most strongly aligned with the bitcoin Spot ETF growth story.
Recent developments on the regulatory front, far from cooling spirits, have generated even more optimism. Binance’s problems signal to the rest of the market that US financial authorities will no longer tolerate crypto exchanges operating outside existing law.
In one fell swoop, the Department of Justice has indicated to the SEC and investors of all stripes that trading venues that have, in effect, been hotbeds of possibly manipulative trading activity, despite their denials, are on the verge of extinction. . Either the exchanges register with the authorities and comply with the rules, or they will be forced to close.
The consequences this has for future market expansion prospects cannot be underestimated. Going forward, and alongside the approval of an ETF, there will be an easy and regulated route for wealth managers and financial advisors to purchase exposure to bitcoin on behalf of their clients.
<h2 id="h-spot-bitcoin-etfs-to-become-a-100-billion-market-says-bloomberg-intelligence” class=”wp-block-heading”>bitcoin Spot ETFs Will Become a $100 Billion Market: Bloomberg Intelligence
In the United States, financial advisors direct trillions of dollars in investments on behalf of their clients. As such, Bloomberg Intelligence estimates that it is only a matter of time before the bitcoin ETF spot market is valued at $100 billion.
In fact, bitcoin–btc-etf-approval-seen-driving-money-managers-to-crypto“>Bloomberg Reports that several managers and advisors he has spoken to have been receiving inquiries from their clients about bitcoin spot ETFs.
Jeff Janson of Florida-based Summit Wealth told Bloomberg: “I feel like we’re now looking at the barrel of the SEC’s gun finally handing out approval,” said Janson, whose firm manages about $550 million. In an interview. “And I think once you have access to it in that kind of packaging, I think you’ll have a significant amount of interest at an institutional level.”
Meanwhile, Galaxy Digitals reports that it has fielded queries from 300 investment professionals on how to make allocations using a spot bitcoin ETF vehicle.
Chuck Cumello, CEO of Essex Financial Services in Connecticut, reinforces the point about eliminating trading friction, perceived or not: “It would be simple and easy to make a trade: go long in a client’s investment advisory account. ”
But if you are among the 99% of Americans who don’t have a financial advisor, then you might be more inclined to forgo paying a fee to such companies and instead make an investment in the bitcoin ETF token by simply connecting a funded crypto wallet. to make your contribution.
The #BitcoinETF — a long-awaited approach to crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto businessmen.
Simplifying bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin interest, allows stock market traders to access digital asset shares through regular brokerage accounts, avoiding the complexities of direct purchasing and storage. pic.twitter.com/dCeBuzd1n3
– BTCETF_Token (@BTCETF_Token) November 24, 2023
<h2 id="h-is-tether-the-next-shoe-to-drop-and-another-shot-in-the-arm-for-a-spot-bitcoin-etf-approval” class=”wp-block-heading”>Is Tether the next shoe to drop… and another boost for bitcoin spot ETF approvals?
There could also be other shoes to fall after the Binance deal, which will remove more gray areas from the market. Investors hate uncertainty, so anything that eliminates it will be welcomed.
With this in mind, will US authorities be next to attack Tether?
If Binance was the leading exchange, Tether has been just as essential as the de facto settlement layer of the entire crypto trading system, in its role as the issuer of the most widely used stablecoin.
Since cryptocurrencies have been traded in significant volumes, USDT (Tether) has been the method of parking funds as an on-ramp and exit ramp to enter and exit the cryptocurrency markets in a way that protects the value of funds that are not traded. actively. .
Tether is backed 1:1 by cash or near-cash equivalents, but the extent of that backing has always been in dispute.
In October, US Senator Cynthia Lummis said the Justice Department should stop delaying bringing charges against Binance and Tether, although she sees the SEC as the bad guy in all of this, regulating through incremental enforcement actions.
The SEC can no longer govern by enforcement. My statement regarding the Kraken lawsuit below: pic.twitter.com/J3qhzU624N
— Senator Cynthia Lummis (@SenLummis) November 21, 2023
Well, US government prosecutors have made their move on Binance, so will Tether be next?
Tether has been able to get away with without an official audit of the assets backing its stablecoin. It is difficult to see how that position can be maintained. Additionally, stablecoin issuance is probably a line of business that BlackRock and others would like to get into.
Could the US government be about to help BlackRock the same way some claim they have by pushing Binance out of the picture?
Tether may want to do something smart and proactive and reach a deal with the Department of Justice before they come knocking on its door.
Clarifying the ambiguities around the support of the Tether stablecoin would remove perhaps the last major regulatory uncertainty in the cryptocurrency markets and, as with the demise of Binance, would be a major boon to the healthy expansion of the global cryptocurrency market. . conventional.
It would be another major hurdle removed that stands in the way of the timely approval of a bitcoin ETF and another indirect boost to the price of the bitcoin ETF token.
<h2 id="h-crypto-youtuber-is-super-bullish-on-btcetf-buy-today-and-earn-162-apy” class=”wp-block-heading”>YouTuber “Super Bullish on $BTCETF” – Invest Today and Earn 162% APY
$BTCETF tokens can be pre-purchased today and staked to earn an annual percentage yield (APY) of 162% at the time of writing.
To date, $164 million BTCETF tokens have been deposited into the staking smart contract, which is a testament to the popularity of this passive income route. Staking rewards are distributed in $BTCETF over a five-year period. Each eth block produced generates a reward of 119 $BTCETF.
crypto YouTuber Micheal Wrubel with 310,000 subscribers is super bullish on $BTCETFas he explains in his video from the previous day, which has already accumulated 21,000 views:
Austin Hilton with 235,000 subscribers on YouTube is another fan of $BTCETF. He tells his audience that $BTCETF is “like you’ve never seen before” while encouraging viewers to discover more.
Another crypto analyst on YouTube is pointing 10x Returns for bitcoin ETF Token.
A price explosion is coming for bitcoin as a wall of money is about to flood the markets thanks to the imminent timely approval of the bitcoin ETF.
The new bitcoin ETF Token is one of the most attractive crypto investment propositions today because it will directly benefit from the approval and launch of a bitcoin spot ETF, regardless of which of the 12 competing issuers wins the race.
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 100% APY
Join our Telegram channel to stay up to date on breaking news coverage
