Numerous spot Bitcoin ETF applications made by financial giants to the US Securities and Exchange Commission (SEC) continue to be on the agenda. However, November does not only host spot Bitcoin ETF applications and news about Bitcoin, which is on the rise with approval speculations.
BlackRock, the world’s largest asset management company, draws attention with its spot Ethereum ETF application as well as its spot Bitcoin ETF. While the recent application awaits the approval of the US regulator SEC, all eyes are on Ethereum, the second largest cryptocurrency in terms of market volume.
The spot Ethereum ETF application, just like the spot Bitcoin ETF application, plans to pave the way for cryptocurrencies to be further integrated into the mainstream financial world.
As the ETF craze continues, it is a matter of curiosity how the SEC will respond to the applications.
ETF applications also cause serious activity in the crypto ecosystem.
Following BlackRock’s spot Ethereum ETF application, the Ethereum price appears to have risen above $2,000. Investors who want to benefit from the ETF excitement are not only interested in these cryptocurrencies.
A new coin project that wants to benefit from the Ethereum FOMO (Fear of Missing Out) created by Spot Ethereum ETF applications is on the radar of investors. ETHETF token, listed on the UniSwap exchange, draws attention with its rapid rise from the very first day.
ETHETF Token Increased 400 Percent on First Day of Listing
ETHETF token, which targets investors who do not want to waste time on Ethereum ETF applications awaiting approval from the SEC, has attracted great attention from the first minutes in the crypto world it has just entered.
The token, listed on the UniSwap exchange, meets investors who want to purchase ETHETF tokens. The token attracts the attention of whales with its performance immediately after listing.
In its early days, the meme coin’s trading volume exceeded $1 million within minutes of its listing. It is stated that the liquidity of the token reached 1.33 million dollars. At the time of writing, the trading volume of the ETHETF token sits at $1.87 million according to Dextools. It appears that liquidity has increased to 1.44 million dollars.
It is stated that the ETHETF token price increased rapidly after the stock exchange listing. The fact that the token price increased by around 400 percent within 24 hours after listing is interpreted as a serious success.
According to Dextools, it is stated that the token has increased by 303.47 percent in the last 24 hours. Investors who want to purchase ETHETF tokens can invest for $0.01930 at the current price.
What You Need to Know About ETHETF Token
ETHETF token, which meets with investors who want to be prepared for possible rallies after approval while waiting for the outcome of Spot Ethereum ETF applications, is built on the Ethereum blockchain, which is known for its security. ETHETF token, which is a token that complies with the ERC-20 protocol, has a total supply of 100 million tokens.
95 million of the total supply of the ETHETF token, which was launched on the stock market on November 14, is allocated to DEX (decentralized exchange) liquidity. The remaining 5 million ETHETF tokens are allocated for CEXs (central exchanges).
There is no pre-sale event in ETHETF token. A 2 percent burn tax is applied on sales of the token, which is directly listed on the UniSwap exchange. However, it is emphasized that the fate of this tax depends on the approval of the SEC. It is stated that this fee will be completely removed after the SEC approves spot Ethereum ETF applications.
To avoid confusion, it should be noted that the ETHETF token has no official relationship with Ethereum ETFs. However, the experienced project team is acting to benefit from the possible rally that the related projects will experience after a possible approval.
ETHETF token is positioned not only as a cryptocurrency but also as a representation of the future of Ethereum. It appeals to investors who want to share in the developments, rallies and excitement that will occur in the crypto ecosystem after spot Ethereum ETF applications, which are seen as a historical moment, receive approval from the SEC.
How to Buy ETHETF Token?
New coins that will join the cryptocurrency world usually meet investors with a pre-sale event where prices are gradually increased. The ETHETF token team prefers to list directly on the UniSwap DEX instead of wasting time by organizing a pre-sale.
Investors who want to purchase ETHETF tokens can invest in this promising project through Uniswap or other decentralized exchange aggregators. Crypto enthusiasts who want to invest in ETHETF token simply follow these steps:
- First of all, you need to have a wallet that supports Ethereum-based tokens.
- Next, you should acquire some Ethereum (ETH) through your preferred exchange.
- In exchange for ETH in your wallet, go to a decentralized exchange (DEX) like Uniswap, connect your wallet, and purchase ETHETF tokens in exchange for ETH.
As you can see, investing in ETHETF token is quite simple. After this stage, all you have to do is follow the news about spot Ethereum ETF approval and enjoy the possible ETF revolution in the crypto world.