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The US Security and Exchange Commission (SEC) has been assessing the crypto market landscape and ruling on different issues. After enforcing some laws to combat fraudulent actors and approving the Spot Bitcoin ETF earlier in the year, the latest SEC ruling approved the trading of the Spot Ethereum ETF. According to market analysts, this latest ruling is set to trigger an altcoins season. In fact, some are predicting Ethereum (ETH) and ETFSwap (ETFS) will be the biggest beneficiaries by the end of 2024.
How The US SEC Rulings Are Causing A Shift To The Crypto Market
After a series of events in the crypto market, the SEC has set out to enforce order and security in the crypto market despite being a decentralized finance system detached from the traditional finance system. A couple of rulings favor the market, while some have had a negative impact. For example, there are more stringent measures for crypto institutions to reduce the cases of fraud.
The latest US SEC ruling allowed the trading of Spot Ethereum ETF. This is the second crypto ETF approved in 2024. Bitcoin ETF came earlier in the year, and less than six months after, the SEC approved Spot Ethereum ETF. Given how Bitcoin (BTC) soared months after the approval of its Spot ETF, reaching an all-time high of $73,000, experts predict Ethereum (ETH) will also rise significantly. It is also expected to trigger an altcoins season to send many altcoins and crypto tokens to new highs.
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ETFSwap (ETFS) Set To Benefit From The Latest SEC Ruling
The approval of Spot Ethereum ETF is set to drive the growth of ETFSwap (ETFS) now and in the altcoins season. ETFSwap (ETFS) is a platform to trade ETFs on the blockchain. This means the prediction about ETFSwap (ETFS) is not mere speculation. The expected effect of the ETF market on Ethereum is also projected for ETFSwap (ETFS). Investors across the crypto space have spotted this potential and are investing heavily in ETFSwap (ETFS). They are accumulating the native token of the ETFSwap (ETFS) DeFi platform to benefit from its upcoming rise. According to recent data, nearly 300 million tokens have been sold. The token sales have raised almost 300 million.
The native token of the ETFSwap (ETFS) is also set to give other earning opportunities. According to some experts, the token won’t be a pump and dump but a stable type. Its utility in various ways makes it one of the top altcoins to watch in 2024. Apart from trading ETF, the ETFSwap (ETFS) has created a staking pool for investors to earn up to 36% profit on investment. This is only possible by staking the ETFSwap (ETFS) token. The token can also give up to 87% yield on APR yield and access to monthly airdrop reward.
The ETFSwap (ETFS) token, also known as ETFS, is useful on the ETFSwap (ETFS) trading platform. Buying and holding the token gives traders access to AI trading assistant, exclusive ETF listings & premium investment information, and discounts on transaction fees. The utility of this crypto token will make it a strong altcoin that will increase by up to 500% in the coming altcoins season. In a recent announcement, the verified ETFSwap (ETFS) team mentioned that the Spot ETFSwap (ETFS) ETF application is set to begin in 2025. This will further boost the performance of the ETFS token in the crypto market.
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Conclusion
The recent ruling of the US SEC concerning the Spot Ethereum ETF is set to trigger an altcoins season. This bullish wave will cause many altcoins to rally. Of the altcoins to watch, Ethereum and ETFSwap (ETFS) stand out due to their connection with the ETF market.
While Ethereum (ETH) is a good investment ahead of the altcoins season, ETFSwap (ETFS) has a better potential as analysts project a 500% rise. This projection is higher than what is expected of Ethereum (ETH), making ETFSwap (ETFS) the best altcoin to buy now. Buy the ETFS token at $0.01831 before its second presale stage ends.
For more information about the ETFS Presale:
