Bloomberg analyst Eric Balchunas recently hinted that ETH’s price could dump as soon as the Spot Ethereum ETFs begin trading. This came following his remarks that the Ethereum (ETH) ETFs could have difficulty appealing to boomers since the crypto token lacks a one-liner that could appeal to the target audience, like ‘Bitcoin is digital Gold.’
Bearing this in mind, ETFSwap (ETFS) and Solana (SOL) have emerged as tokens that crypto investors are better off buying following the approval of the Spot Ethereum ETFs and before they begin trading. ETFSwap (ETFS) and Solana (SOL) will likely pump as soon as these Spot Ethereum ETFs start trading.
ETFSwap (ETFS) Will Rise Regardless Of ETH Price
ETFSwap’s value will skyrocket regardless of whether or not the ETH price pumps after the Spot Ethereum ETFs begin trading. This is because the Spot Bitcoin ETFs are again seeing another wave of demand, which is a positive for the ETFSwap (ETFS) ecosystem.
Data from Farside Investors shows that the Spot Bitcoin ETFs saw almost $1 billion in inflows this past week. This development bodes well for ETFSwap (ETFS) since most of these funds will flow through the crypto token when the platform launches.
ETFSwap (ETF) is an investment platform that will tokenize exchange-traded funds (ETFs) like the Spot Bitcoin and Ethereum ETFs and make them available for on-chain trading. Investors will pick ETFSwap (ETFS) as their go-to platform for investing in traditional assets because of the convenience and security the platform provides its users. In addition to these investors, ETFSwap (ETF) will onboard the class of investors who have been unable to access traditional markets for one reason or another.
This is thanks to the fact that the ETFSwap (ETFS) is globally accessible. That means users anywhere in the world can now access the variety of ETFs available in the United States (US) market, and all they simply need is their crypto wallet and a certain amount of the ETFS token.
Given the millions of dollars that will flow into the ETFSwap (ETFS) token, its price could easily see a 100x increase from its current price of $0.00854. That is why investors are going all in on the crypto token in stage one of its ongoing presale, with over 80 million tokens sold so far.
Meanwhile, it is worth noting that another reason why ETFSwap (ETFS) has an edge over Ethereum (ETH) is that the former is deflationary, unlike the latter, which has been inflationary recently. Therefore, investors can expect significant price surges as the ETFSwap (ETFS) team implements its buyback and burn strategy.
Solana (SOL) Is Next In Line After Spot Ethereum ETFs
Solana (SOL) is expected to experience a significant price surge because it looks next in line to have its ETF. Brian Kelly, the founder of digital assets investment firm BKCM, recently mentioned during an interview on CNBC that Solana (SOL), Bitcoin (BTC), and Ethereum (ETH) are the ‘Big 3’ for this cycle. As such, he believes it is logical that a Solana (SOL) ETF comes next since Bitcoin and Ethereum Spot ETFs have been approved.
Crypto analyst Daniel Yan also suggested that Solana (SOL) was a better trade than buying ETH following the approval of the Spot Ethereum ETFs. This followed his remarks that a Solana (SOL) ETF was likely next after the Spot Ethereum ETFs.
The analyst noted that the ETH price rallied after the approval of the Spot Bitcoin ETFs because the market knew that the Spot Ethereum ETFs would follow. Therefore, Solana (SOL) will also rally ahead of its ETF, which could be approved next.
Conclusion
ETFSwap (ETFS) has a life of its own despite being built on the Ethereum (ETH) network. As such, ETFSwap (ETFS) is bound to pump even if the ETH price dumps after the Spot Ethereum ETFs begin trading. Interestingly, it is a win-win situation for ETFswap (ETFS) because the crypto token will only rally further if the ETH price makes a U-turn and pumps after the Spot Ethereum ETFs begin trading. Therefore, investing in the token in stage 1 of its ongoing presale is an obvious play.
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