Ripple’s CEO Brad Garlinghouse recently mentioned the next crypto ETFs that are likely to be approved following the approval of the Spot Ethereum ETFs. His statement has drummed up excitement for ETFSwap (ETFS), with the decentralized investment platform being the most suitable platform to invest in these funds if they do end up launching.
ETFSwap (ETFS) Is The Go-To Platform For Crypto ETFs
ETFSwap (ETFS) is a decentralized finance (DeFi) platform that allows investors to trade Crypto ETFs in a secure, transparent, and seamless environment. The platform tokenizes these funds, like the Spot Bitcoin ETFs, and makes them available for trading on-chain.
As such, the integration of blockchain technology means that users can easily keep track of their transactions since everything is public on the blockchain. Meanwhile, these transactions are more secure thanks to the added layer of encryption that blockchains boast.
Trading these crypto ETFs on the ETFSwap (ETFS) platform is considered more seamless than centralized trading platforms, given how straightforward it is to access the investment platform. Users simply need a wallet and the platform’s native token, ETFS, to access all the crypto ETFs on the platform.
Furthermore, users can quickly start investing in these traditional assets on ETFSwap (ETFS) because Know-Your-Customer (KYC) requirements are non-mandatory on the platform. This eliminates the unnecessary paperwork and verification processes to which users are accustomed when using centralized entities and third-party systems like brokers.
Besides the crypto ETFs, ETFSwap (ETFS) offers other ETFs, including leveraged, commodity, market, and fixed-income ones. Users can amplify their gains on any investment in these, with the DeFi platform offering up to 50x leverage on all trades, irrespective of what category the ETF falls under. Users can also keep their trades on these crypto ETFs open for as long as they like, thanks to ETFSwap’s market-making and perpetual trading services.
Additionally, investors can also be assured that they won’t encounter difficulties opening and settling their trades with ample liquidity on the the platform. This is largely thanks to the investment platform being built on the Ethereum (ETH) network, which is known to boast unparalleled liquidity in the space.
Ripple CEO Says These Are The Next Crypto Tokens To Have Their ETFs
Garlinghouse mentioned at the Consensus 2024 conference that “it’s just a matter of time” before Ripple (XRP), Solana (SOL), and Cardano (ADA) have their own crypto ETFs. This isn’t the first time the Ripple CEO has suggested that Ripple (XRP) will likely be the next crypto to have its ETF.
During an appearance at the Paris Blockchain Week, he mentioned that Ripple (XRP) will be among the crypto assets with its ETF when the Securities and Exchange Commission (SEC) is ready to approve other crypto ETFs. He also alluded to the fact that Ripple (XRP) has gained regulatory clarity as a factor that makes the token having its ETF inevitable.
Meanwhile, Brian Kelly, founder of digital assets investment firm BKCM, shared a similar sentiment with Garlinghouse when he mentioned that Solana (SOL) is likely next in line to have its Spot ETF now that the Spot Ethereum ETFs have been approved. He believes a Solana (SOL) ETF is next because the token is part of the ‘Big 3’ for this cycle alongside Bitcoin (BTC) and Ethereum (ETH).
Ripple (XRP), Solana (SOL), and Cardano (ADA) having their crypto ETFs next also looks feasible, given that they are among the top crypto tokens by market cap. This suggests that they could attract a lot of attention from institutional investors if their respective funds were to launch eventually.
Conclusion On How To Position For Crypto ETFs And The ETFSwap (ETFS) Hype
ETFSwap (ETFS) stands out in the crypto space as it is the only Real World Assets (RWA) project that has such offerings. Considering this, the platform’s native token, ETFSwap (ETFS), is bound to enjoy all the hype if Ripple (XRP), Solana (SOL), and Cardano (ADA) ETFs end up launching. It is worth mentioning that the ETFSwap (ETFS) token has already seen its value skyrocket by over 500% following the approval of the Spot Ethereum ETFs.
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