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Cardano Ecosystem

The Crypto Times

07/02/2024

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Solana ETFs Filed After Ethereum Approval, Cardano Next?

Recent events, such as the proposal of Spot Solana ETFs and the success of Spot Ethereum ETFs, have encouraged more renowned blockchain platforms to follow the same pattern. Backed by tremendous support from...

Solana ETFs Filed After Ethereum Approval, Cardano Next?

Recent events, such as the proposal of Spot Solana ETFs and the success of Spot Ethereum ETFs, have encouraged more renowned blockchain platforms to follow the same pattern. Backed by tremendous support from its community, possible Cardano ETFs have garnered attention from investors.

ETFSwap (ETFs), the leading crypto ETF trading platform, is aware of this possibility, as it plans to integrate Spot Ethereum ETFs and Spot Solana ETFs into its platform to create an inclusive ETF trading and investment market. 

The Revolution of DeFi: Trade Spot Cardano ETFs on ETFSwap (ETFS)

ETFSwap (ETFS) is the sole prospectus-based provider of institutionalized tokenized assets on the Ethereum blockchain. The real-world assets backing these tokens cover a very diverse range of sectors, including healthcare and agriculture. The mission is to ensure investors have great flexibility in choosing their preferred investment vehicles.

With the advent of new tokenized ETFs like Spot Ethereum ETFs and, potentially, Spot Cardano ETFs and Spot Solana ETFs, ETFSwap (ETFS) users can swap their crypto with any of the listed institutional tokenized ETFs available on the platform. The variety of options enables investors and traders to make well-informed investment decisions. 

With a small balance, leverage trading limits investors from maximizing and earning increased profits on their trading positions. Traders and investors alike can enjoy attractive leverage options of up to 10x leverage on all trades, and 50x leverage for trading options and perpetual futures, resulting in optimal liquidity. Consequently, AI-powered tools are made available to assist and support traders manage their trades most efficiently. 

ETFSwap’s (ETFS) ever-increasing momentum gives credibility to its dual functionality as both an institutional ETF trading platform and an ETF administration platform. Meanwhile, the platform’s native currency on the ecosystem, ETFs, is on presale, with over 31 million tokens sold.

Cardano ETFs Could Follow Proposal Of Solana ETFs And Spot Ethereum ETFs

Cardano (ADA) prides itself on pioneering new features for a viable and more secure blockchain. Additionally, being widely acclaimed for its strong community support, Cardano ETFs appear as a promising contender for issuers’ attention.

The tremendous community rally for ADA’s implementation of ETFs follows Spot Ethereum ETFs gaining SEC approval and previous announcements from 3iQ, a Canadian firm poised to launch the first Spot Solana ETFs in North America. While this may start a new wave of trends to be followed by more renowned platforms, ADA’s appealing scalability and functionality make it next in line to start Spot Cardano ETFs. 

These expectations have become more profound as influential crypto blogger, @cardano_whale, made an announcement via X (formerly Twitter) highlighting the reasons this could be a major interest. 

As the approval of Bitcoin ETFs and Spot Ethereum ETFs, alongside promising rumors of Spot Cardano ETFs and Spot Solana ETFs, becomes mainstream and a notable innovation in the future of DeFi, investors and traders anticipate a bullish market for altcoins. 

Consequently, ADA received a total of $0.7 million in inflows last week following a gruesome decline in price action. While the price action of ADA is currently in a consolidation phase after the inflow, the launch of Spot Ethereum ETFs, as well as promising news of Spot Cardano ETFs and Spot Solana ETFs, may bring upward price delivery in the following months. 

The Cardano blogger stated, “… the ETF event is like the opening of a super highway between US TradFi and crypto”. He further commented on the innovation of ETF as a vindication, and his statements have been met with great optimism in his comment section. 

Conclusion

As anticipation rises from the ADA crypto community on the promise of Cardano ETFs, ETFSwap (ETFS) is a tent for many investors to trade these tokenized assets effectively. Many are investing in the ETFS token to enjoy untold trading discounts and a chance to earn passive income through the staking system.

Smart traders and investors are buying now at a discounted price of $0.01831 and applying the 20% discount promo to accrue more tokens to maximize their potential gains.

For more information about the ETFS Presale:



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