Winter is coming… and it’s bringing Bitcoin some yearly highs.
For the world’s leading cryptocurrency, October has been spectacular with over 40% increase in a matter of just a few weeks.
Currently, BTC is trying to break the $38k resistance and get to the $40k milestone – but even if it succeeds, investors believe huge profits lie in other tokens.
To be specific, the most profit-potential token in the market right now is Bitcoin ETF ($BTCETF).
Below, we’ll check out what the hype is all about.
Bitcoin ETF ($BTCETF) Helps Crypto Traders Profit from ETF Anticipation as Indirect Participators
The presale for Bitcoin ETF ($BTCETF) has just kicked off a few weeks ago and it’s already garnished more than $870,000!
This year saw heavyweights like BlackRock, Fidelity, and WisdomTree, each managing trillions of dollars in assets, submitting applications for Bitcoin ETFs. These applications, currently under scrutiny by the US SEC, hold the promise of granting clients exposure to Bitcoin without the complexities of direct trading and storage.
While awaiting the SEC's verdict, anticipation is mounting, and BTC has surged to 18-month highs in response to the news.
Adding to the excitement, the impending Bitcoin halving within the next six months has analysts forecasting an imminent bull run, with some asserting that it may already be underway.
Investors holding Bitcoin ETF ($BTCETF) stand to directly benefit from the approval of Bitcoin ETFs, effectively kick-starting the Bitcoin economy.
Beyond the allure of substantial staking rewards, currently exceeding 5,400% (though this will gradually decrease), the project plans to burn tokens at key milestones, adding an extra layer of incentive for stakeholders.
Bitcoin ETF Also Brings Cutting-Edge Burning Mechanism and Massive Staking Rewards for Early Investors
The project unveils a unique burning strategy, where 5% of its maximum supply will be burned, accompanied by a 1% reduction in transaction tax, upon achieving any of the following significant milestones.
This approach allows for a maximum burn potential of 25% of the total supply, and a transaction tax decrease from 5% to 1%.
The pivotal milestones include:
- BTCETF reaching $100 million in total trading volume.
- Announcement of the approval date for Bitcoin ETFs.
- Full approval of the first ETF.
- The first tradable token of the ETF achieving a 100% increase.
- BTC surpassing the $100,000 barrier.
While the project's roadmap remains flexible, adapting to real-world events, there are immediate benefits for BTCETF holders beyond the substantial burn.
Investors participating in the BTCETF presale can promptly stake their tokens, reaping a substantial annual yield percentage, currently standing at nearly 5,500%. This figure will gradually decrease as more tokens are locked into the pool. The staking mechanism has gained notable popularity, with over 5.8 million tokens, representing over 80% of the total purchased, already locked in the pool.
Utilizing the ERC-20 standard on the Ethereum blockchain, the staking pool generates 119 BTCETF per ETH block.
Since the tokens are not yet available on exchanges, preventing trading or selling, investors have the opportunity to accumulate more tokens, expanding their holdings without concerns about price fluctuations.
Staked tokens will be gradually unlocked and distributed over five years. In the initial year, 15% (315 million) will be released, followed by an additional 2.5% (52.5 million) in each subsequent year. This structured release plan adds a layer of transparency and predictability to the token distribution process.
Bitcoin’s Next Move Is to Reach the $40k Milestone – But Can It Outperform This Trending Presale Token?
We’ve seen BTC record an uptick of over 30% in the last month, and even though it shortly broke the $38k resistance, it’s now struggling to maintain it.
However, investors seem optimistic that the $40,000 milestone is just around the corner.
The recent surge in BTC value hinges on optimism surrounding the potential approval of the first U.S. Bitcoin exchange-traded fund (ETF) by regulators.
This development is anticipated to attract a fresh influx of interest from both retail and institutional investors in the cryptocurrency space. Traders' overwhelmingly positive sentiment is evident in their increasing participation in the crypto derivatives market, particularly through substantial bets that exert upward pressure on prices.
But there’s another way you can profit from the anticipation – investing in the early presale of Bitcoin ETF ($BTCETF).
After 10 months of barely holding its ground in the market, we’re finally seeing Bitcoin in action with over 30% raised in the last 30 days alone.
And while it’s certainly possible for BTC to continue its bullish run, it has a more profitable “cousin” if gains are on your mind.
This cousin is Bitcoin ETF ($BTCETF).
With a unique structure, cutting-edge technology, a burning mechanism, and impressive staking rewards, this token could easily bring you up to 100x profits amidst the SEC ETF anticipation.
But only those who capture the low presale price will truly capitalize on this impressive project – so make sure not to miss the opening before it’s too late.