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Wall Street is quick to adapt amid the continuous growth of the crypto market and the traction behind digital currencies. The latest development in the crypto world is the introduction of Ethereum Futures Exchange-Traded Funds (ETFs). Bitcoin Spark’s BTCS also proves to be a prominent player with its beneficial features and solutions. Moreover, BTCS is well-positioned to profit, and the project shows potential to gain mainstream adoption.
What is an Ethereum ETF?
Ethereum Futures ETFs are the new buzz in the crypto world. They are considered investment vehicles that enable investors to get exposure to Ethereum market price movements without owning the cryptocurrency. ETFs track the Ethereum price futures contracts listed on a regulated futures exchange. Investing in an ETF allows investors to speculate on the future price of Ethereum without complexities in owning or storing the major currency asset.
What is Wall Street?
Wall Street is considered the epicenter of global finance. In light of the growth of digital assets, Wall Street is also becoming a hub for cryptocurrencies as well, allowing individuals and companies to invest and trade. Wall Street is also where both investors and traders seek exposure to the growing financial markets.
Bitcoin Spark’s BTCS
Bitcoin Spark is a uniquely developed digital asset that employs Proof-of-Process systems in its operations. It’s a Bitcoin hard fork that allows Bitcoin enthusiasts to purchase “Bitcoin” at $1. Bitcoin Spark has its features leaning on the strengths of the first-generation crypto and is set to be a trendsetter in the crypto market.
Bitcoin Spark also has impressive features in its application. The platform has two major objectives, one being to distribute mining rewards respective to the computational power of the devices used. Since the Proof-of-Process system is a blend of both PoS and PoW, it allows lower electricity consumption that is only used in renting out miner computational power. The application enables access to the power-sharing features that also generate revenue from the fees paid using BTCS.
Bitcoin Spark has an impressive roadmap that begins with the ongoing ICO. The milestones targeted in this include having an Ethereum-based IOU token and getting a CEX pre-listing agreement. The second stage is the pre-launch which targets the release of the closed mining beta app.
The third stage is the launch that would take place on the Ethereum network with the BTCS as the IOU tokens. The post-launch stage is the fourth stage in the roadmap and mostly focuses on finalizing and renouncing network controls. Finally, beyond the horizon stage solidifies the placement of Bitcoin Spark as a reliable Bitcoin alternative.
Bitcoin Spark’s PoP system also combines with special algorithms used in inhibiting linear rewards based on raw processing power. The project will allow more favorable mining opportunities that also earn miners their rewards. These mining rewards will correlate to the mining equipment and power as well as the initial miner’s stake.
Conclusion
BTCS stands to profit from the inclusion of Ethereum Futures ETFs. As the demand for Ethereum Futures ETFs grows, so does the demand for BTCS tokens as it’s positioned to benefit from increased trading or transaction volumes. Both projects show significant potential in engaging a bullish market trend in the future.
Find out more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
