{"id":456290,"date":"2023-11-10T17:54:15","date_gmt":"2023-11-10T17:54:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=456290"},"modified":"2023-11-10T17:54:15","modified_gmt":"2023-11-10T17:54:15","slug":"inspired-by-blackrocks-ethereum-etf-plans-bitcoin-etf-token-investors-rush-to-seize-final-opportunity-at-bargain-0-005-price-point","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/inspired-by-blackrocks-ethereum-etf-plans-bitcoin-etf-token-investors-rush-to-seize-final-opportunity-at-bargain-0-005-price-point","title":{"rendered":"Inspired by BlackRock’s Ethereum ETF Plans, Bitcoin ETF Token Investors Rush To Seize Final Opportunity At Bargain $0.005 Price Point"},"content":{"rendered":"

The emergence of BlackRock’s Ethereum ETF plans has sent the ETH price surging through the $2,000 mark and has injected even more FOMO into the race to invest in the <\/span>Bitcoin ETF Token<\/span><\/a> ($BTCETF).<\/span><\/p>\n

Meanwhile, Bitcoin is trading at $37,400, with bulls targeting $40,000 well before the month is out, while the Bitcoin ETF Token has already attracted $271,000 from eager investors.<\/span><\/p>\n

BlackRock is the financial industry’s largest asset manager, and others follow where it goes. The financial giant has already laid down the gauntlet with its application for a spot Bitcoin ETF. Now it has emerged, following its registration of a corporation in Delaware called the iShares Ethereum Trust, that it wants to bring a spot Ethereum ETF to market, too.<\/span><\/p>\n

Late yesterday, Nasdaq filed a listing for the iShares Ethereum Trust, confirming the BlackRock news. iShares is the brand of the BlackRock ETF business.<\/span><\/p>\n

To understand why everyone in crypto is so excited about the possibility of a spot ETF, be it Bitcoin or Ethereum, the US ETF market is valued at around $7 trillion. By comparison, the total US equity market is sized at $44 trillion. <\/span><\/p>\n

Exchange-traded funds already exist for crypto assets. However, in the US, they are confined to the regulated futures market, where funds such as the ProShares Bitcoin Strategy ETF (BITO) dominate.<\/span><\/p>\n

A spot product would provide retail and institutional investors with direct exposure to Bitcoin in a way that futures do not. ETFs will provide all types of investors with cheap and easy exposure to Bitcoin (and Ethereum) using a regulated vehicle. Analysts expect the approval of ETFs to open the floodgates of new money coming into the asset class. <\/span><\/p>\n

Growing FOMO Among Buyers Of Bitcoin ETF Token<\/h2>\n

Bitcoin ETF Token’s raise rate for the ICO is speeding up against the backdrop of growing excitement and anticipation for the launch of the first fund on January 10th, or possibly even sooner after an eight-day window for application approval was opened earlier this week.<\/span><\/p>\n

The US Securities and Exchange Commission could choose to approve all 12 spot Bitcoin ETFs that have submitted applications, although that is probably unlikely.<\/span><\/p>\n

Nevertheless, analysts at Bloomberg Intelligence believe there is a 90% probability of a spot Bitcoin ETF being approved by the January 10 deadline for the ARK 21 Shares Bitcoin ETF. No wonder the Bitcoin ETF FOMO is reaching a frenzied pitch.<\/span><\/p>\n

Seeking Profitable Investment In Ethereum And Bitcoin ETFs? Discover The Newly Launched Bitcoin ETF Token<\/h2>\n

$BTCETF tokens can be purchased in presale today and staked to earn an annual percentage yield (APY) currently at 939%. Thirty million $BTCETF tokens have been deposited into the staking smart contract. Because the APY is calculated dynamically, it will vary depending on the amount staked. In addition, each individual’s rewards depend on the proportion of their staking pool.<\/span><\/p>\n

Rewards are paid out in $BTCETF over five years. Each ETH block produced generates a reward of 119 $BTCETF.<\/span><\/p>\n

Stage 1 of the ICO ends in less than 24 hours, after which the price of $BTCETF<\/a> rises in Stage 2 from $0.0050 to $0.0052. There are ten price stages, terminating at $0.0068, 36% above the initial offer price.<\/span><\/p>\n

Bitcoin ETF Token is designed to tie its economy to the launch and subsequent traction achieved by the spot Bitcoin ETF.<\/span><\/p>\n

With Anticipation Of A Spot Bitcoin ETF Approval Seen As A Catalyst For New Crypto Highs, Investors Are Eager To Acquire Bitcoin ETF Token<\/h2>\n

The entrance of a spot crypto collective investment vehicle will unleash a torrent of billions of dollars flooding into the market. The US ETF market is valued at $7 trillion when equities and fixed income are combined.<\/span><\/p>\n

The first asset class to get the ETF treatment was commodities such as gold. Before ETFs came along, gold was a difficult asset for retail investors to get exposure to. There were liquidity and custody issues to navigate, which meant the bullion market remained the preserve of institutions and government. <\/span><\/p>\n

The first gold ETF was launched in 2003, and the exchange-traded fund industry has not looked back.<\/span><\/p>\n

A Bitcoin ETF and an Ethereum ETF could have an equally consequential effect on financial markets, and that’s why investors are flocking to buy the Bitcoin ETF Token<\/a>. If the launch of a gold ETF were anything to go by, a spot Bitcoin ETF would be transformational.<\/span><\/p>\n

Spot crypto ETFs will, at a stroke, provide retail and institutional market participants with a regulated way to gain exposure to the asset class without having to hold Bitcoin or Ethereum directly.<\/span><\/p>\n

\n

The SEC's closing approval window prompts a 90% chance by Jan 10, 2024, per #Bloomberg<\/a>.<\/p>\n

As #BTC<\/a> nears $36K, the #CryptoCommunity<\/a> anticipates a potential game-changer.<\/p>\n

In addition to that #BitcoinETF<\/a> has also hit another milestone, raising over $200K! 🏆 pic.twitter.com\/KWoDWm5pF1<\/a><\/p>\n

— BTCETF_Token (@BTCETF_Token) November 10, 2023<\/a><\/p><\/blockquote>\n