Grayscale has reignited the rumors of a spot XRP ETF launch after it revived its XRP trust. This move has led to speculation from market analysts considering the launch of Solana ETFs before an XRP ETF hits the market.
Amid the shifting trends in ETF assets, the major winner to watch has been ETFSwap (ETFS), a new platform offering a unique way to trade ETFs. The ETFS presale has caught the eye of retail and institutional investors looking to secure profitable positions ahead of Solana ETFs or a possible XRP ETF launch.
ETFSwap (ETFS) Attracts New Investment As Investors Expect New Spot ETF
ETFSwap has been the most obvious market pick towards the next bull run, especially as ETFs have been crucial to the crypto market this year. The new ETFSwap (ETFS) emerges as an Ethereum-based platform for trading tokenized ETFs, providing a unique path to the centralized market.
ETFSwap will list tokenized ETFs covering a wide range of industries, allowing investors to diversify investments easily. This smooth diversification also includes easy conversion to cryptocurrencies, which are unavailable on centralized trading platforms.
Alongside this cross-compatibility, ETFSwap promises features including fast ETF settlements, staking for passive income, lending, lower trading costs, and more.
The new platform appeals to existing ETF investors who are attracted to the new on-chain features and crypto investors who desire a jointless transition to the ETF market. ETFS is regarded as a bridge between both centralized and decentralized markets, opening up more profit opportunities with ETFs.
Also, experts believe ETFSwap is set for a 108x price jump at launch, considering the hype around Solana ETFs and a possible XRP ETF. Additionally, tokenized real-world assets have been one of the more bullish market categories to bet on, and ETFSwap fits into all the bullish narratives.
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The ETFS has passed KYC verification by SolidProof, which vetted project ownership and individual identities of the team members, further assuring the safe of early investors in the new project.
Solana ETFs Rumours Resurface As Grayscale Relaunches Its XRP Trust
Grayscale announced the creation and public launch of Grayscale XRP trust, which provides accredited investors with direct exposure to cryptocurrency. Compared to an XRP ETF, the trust will trade mainly over the counter. According to Fox Business, this move from Grayscale could open up a path for an eventual XRP ETF.
Grayscale had previously closed this trust back in 2021 amid the growing lawsuit situation with the SEC. However, recent developments in the case point to a victory for Ripple (XRP), and the relaunch of this trust has initiated a bullish reaction from the coin.
This is particularly interesting because Grayscale had won a court case against the SEC to convert its Bitcoin trust into an ETF, which led to the approval of the other Bitcoin ETFs in the United States. Since
Amid the speculation for a possible XRP ETF, experts wonder if Solana ETFs can take the lead on this front. VanEck and 21Shares filed for Solana ETFs back in July, but the chances of approval for the altcoin or any others seem low at the moment. However, the developments on XRP present some interesting conditions for Solana ETFs to launch.
Conclusion
While it’s uncertain whether Solana ETFs will come before an XRP ETF, the Grayscale development spotlights the opportunity on ETFSwap. The new ETF trading platform has raised millions on presales, and the window is still open for investors to get in cheap. Investors can capitalize on the underpriced presale value to book a huge profit margin at launch.
Seize the last opportunity on the ETFSwap presale and get in at $0.03846 per token. This is the final presale stage and the token is expected to surge to massive profits at launch.
For more information about the ETFS Presale:
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