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Vanguard, a top financial firm, has refused to offer Spot Bitcoin ETFs despite these investment products being approved by the United States Securities and Exchange Commission (SEC). As crypto investors ponder the possible cause of the reluctance, a market expert has broken the ice, explaining why Vanguard is currently against Spot Bitcoin ETFs. Amidst this trend, advanced crypto trading platforms like ETFSwap (ETFS) will be enabling trades on all kinds of ETFs including Spot Bitcoin ETFs and other institutional-grade ETFs.
Investors Choose ETFSwap (ETFS) Over Vanguard For Spot Bitcoin ETFs
ETFSwap (ETFS) has emerged as a better alternative to Vanguard for investing and trading in diverse ETFs including Spot Bitcoin ETFs. Using blockchain technology and AI powered capabilities, ETFSwap (ETFS) has emerged as the world’s first fully decentralized platform for swapping and trading tokenized ETF assets. These ETFs are held in high integrity as they have been linked to Real-World Assets (RWA) with true value.
ETFSwap (ETFS) shows its commitment to a diversified ETF marketplace by allowing investors trade ETFs from various markets, including cryptocurrencies, commodities, and fixed-income. This platform has made it easy and convenient for investors to trade on its decentralized system by terminating KYC checks and integrating a marketplace that runs 24/7.
With phase 1 of the beta platform expected to launch soon, ETFSwap’s native token, ETFS, is already receiving high positive sentiment. After accumulating nearly $5 million in its ongoing presale, experts predict the ETFS token will rank among the top altcoin investments this year.
As a utility token, ETFS grants ETFSwap users exclusive privileges and benefits. Investing in this token will gain early access to newly listed ETFs, receive monthly airdrops, trade with lower fees, and earn daily from the platform’s staking pool. Additionally, staked ETFS tokens can deliver up to 87% APR yield.
With its AI powered trading system, ETFSwap (ETFS) is revered for its top-notch security. Highlighting its strong commitment to protecting its users, smart contracts have passed through rigorous audits from CyberScope, a top blockchain audit firm. While the team behind ETFSwap (ETFS) has successfully completed a KYC verification evaluation with SolidProof.
With plans to launch its own ETF asset by 2025 already laid out, ETFSwap (ETFS) is poised to contend with established DeFi market players. Its presale presents a once-in-a-lifetime opportunity for investors to buy tokens early ahead of its upcoming market debut.
Market Experts Reveals Why Vanguard Has Chosen Not To Offer Spot Bitcoin ETFs
Recently, Bloomberg’s ETF analyst, Eric Balchunas, discussed Vanguard's stance against spot Bitcoin ETFs. Balchunas revealed that Vanguard, which is worth $7.2 trillion in assets, has decided not to embrace Spot Bitcoin ETFs due to concerns about Bitcoin being a commodity and having a speculative nature.
While Balchunas argues that Vanguard grants sophisticated investors the freedom to choose their exposure to Bitcoin, the firm also maintains their position against Spot Bitcoin ETFs as confirmed by its latest CEO, Salim Ramji. Apparently, Vanguard is bent on holding on to its philosophy of sticking to long-term asset growth rather than short-term speculative assets like cryptocurrencies.
Vanguard’s refusal of Spot Bitcoin ETFs comes in contrast to competitors like Blackrock, which successfully launched a Bitcoin ETF earlier this year and ETFSwap (ETFS) which allows users to trade all the approved crypto ETFs. By refusing to participate in spot Bitcoin ETFs, Vanguard is signaling skepticism about Bitcoin's long-term value, as well as the broader cryptocurrencies in the market.
Wrapping Up
In the midst of the growing ETF market, ETFSwap (ETFS) is set to rise to the top with its unique approach to trading tokenized institutional ETFs. Its ongoing presale is currently selling out fast, with each ETFS priced as low as $0.03846. With demand rising and ETFSwap set to make a successful debut, investors are rushing to purchase its token at a lower price before its last presale concludes.
For more information about the ETFS Presale:
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.