According to recent projections by Galaxy Digital, Spot Ethereum ETFs could capture approximately 33% of the inflows seen by Bitcoin ETFs. This prediction is not only exciting for crypto investors but also presents unique opportunities for several altcoins, particularly ETFSwap (ETFS), Render (RNDR), and Ondo Finance (ONDO).
Render (RNDR) Set To Leverage On Billions Of Inflow Expected From Spot Ethereum ETF
Render (RNDR), a decentralized GPU rendering network built on the Ethereum network, could see substantial growth as ETH gains more mainstream attention through ETFs. Valued at $6.46, Render (RNDR) is one of the top altcoins that will soar due to the ripple effect and the recent announcement about Binance now supporting the Render (RNDR) SPL token.
Analysts predict Render (RNDR) will hit $19 by the end of 2024, when the Spot Ethereum ETFs will be in full gear. Having already moved by 200% in 2024, Render (RNDR) is set to add to its successful run, making it one of the most promising altcoins to watch.
ETFSwap Remains A Top Choice Among Savvy Investors Positioning To Gain From Spot Ethereum ETF Inflows
With $1 billion worth of investment in Spot Ethereum ETFs expected monthly, investors have increased their investment in the ETFSwap (ETFS) ongoing presale. According to experts, this is a result of ETFSwap (ETFS) being a DeFi platform to trade ETFs of various asset classes.
Long before the approval of Spot Ethereum ETFs, ETFSwap (ETFS) was making waves as the go-to platform for trading tokenized ETFs such as bond, leveraged, equity, and commodity ETFs. Crypto ETFs, such as Bitcoin (BTC) and Ethereum ETFs, alongside the ETFSwap (ETFS) coming in 2025, will soon be available to trade on the DeFi platform.
The ETFSwap platform (ETFS) has been designed to make trading smooth and beneficial for users. Its registration is KYC-free, and the user interface is friendly, making it easy to perform many actions without hassle. The ETFSwap (ETFS) team, which has undergone KYC verification, in addition to a project audit by CyberScope, has announced a beta platform launch to its approximately 15,000 registered users.
The beta platform will showcase the platform’s perpetual trading, which has a 50x leverage and ETF trading AI. With the ETFSwap (ETFS) AI Tracker and Screener, users can get personalized trading assistance that can track ETF performance and make accurate predictions based on big data analysis.
The robust capabilities of the ETFSwap (ETFS) platform have put its native token in the most promising altcoins conversation. As the lifeblood of the Defi platform, the ETFS token is being accumulated by smart investors who expect its value to rise immediately Spot Ethereum ETFs inflow starts to come in. Over half of the ETFSwap (ETFS) token allocated for presale has been sold at the time of writing. With analysts speculating Spot Ethereum ETFs to kick off later in July 2024, ETFSwap may complete its presale in no time.
Ondo Finance (ONDO) Looks Strong Among Altcoins
Ondo Finance (ONDO), which offers decentralized investment banking services, is one of the altcoins well-positioned to benefit from the influx of institutional capital into the ETH ecosystem. As a DeFi platform, the rally triggered by the Spot Ethereum ETFs will positively impact Ondo Finance (ONDO). Just recently, Ondo Finance (ONDO) was touted as the “strongest Ethereum beta” and earned massive investment weeks before the approval of Spot Ethereum ETFs.
According to trading data from coinmarketcap, Ondo Finance (ONDO) is valued at $0.97 as of July 11, 2024. As one of the altcoins, the growth will impact Ondo Finance (ONDO), which may hit $2 when the first round of Spot Ethereum ETFs inflow pours in.
Conclusion: Which Altcoins Should Receive The Biggest Investment?
All of these altcoins are set to benefit from Spot Ethereum ETFs. However, ETFSwap (ETFS) should take the largest investment as its link with the ETF market, strong utilities, and low cost give it a better potential to rise higher than Render (RNDR) and Ondo Finance (ONDO). ETFSwap (ETFS) is still selling at $0.01831 but may soon rise to $0.03846 as the next presale stage is set to begin soon.
For more information about the ETFS Presale:
The post Spot Ethereum ETFs To Command 33% Of Bitcoin ETFs Inflows, 3 Altcoins Set To Benefit appeared first on Ripple Coin News.
