Bitcoin ETF Token ($BTCETF), a new crypto that ties its value to the progress of a spot Bitcoin ETF approval and future product performance, is set to reap the rewards from the latest events.
The team launched the public presale this week giving early adopters an opportunity to make it big on the unfolding spot Bitcoin ETF frenzy, without bearing the $37,000 cost of becoming a whole BTC coiner.
$BTCETF is currently trading at a market price of $0.0056 in funding round stage 1 with an alluring $1,406,058.1 already raised in the opening week of the presale.
Designed and built with skyrocket potential, Bitcoin ETF Token aims to bank big on market excitement surrounding the ongoing applications for Bitcoin spot ETFs.
The project targets a hard cap of $5m in presale funding with the early stage of this emerging project’s presale offering investors a unique opportunity to get in during this early entry point, which could set the stage for life-changing gains.
Ride the Spot Bitcoin ETF Rally $BTCETF Token
Positioning investment portfolios to capture the value that the approval of a spot Bitcoin ETF promises to unleash is not easy. Many investors are torn between buying Bitcoin in the open market and waiting until the first spot ETF is launched and investing in that vehicle.
There are also many scammy coins popping up all over the place hoping to defraud unsuspecting investors, such as the recently launched $ETF token that has pulled the rug on early investors.
This left 702 bewildered holders trapped, with liquidity pulled at 14:00 EST on Nov. 21, this was followed by a sweeping rug-pull 11 hours later – with price tumbling -95% in a complete scam.
Fortunately, the creation of the Bitcoin ETF Token makes investor decision-making much easier as it gives early investors exposure to an asset that is 100% aligned with the upside expected from the steady flow of ETF approvals expected in the near term.
Jacob Crypto Bury, a prolific YouTube crypto analyst renowned for his ICO coverage, believes the $BTCETF Token could make between 10x and 100x returns for early investors.
Bitcoin ETF Token’s Taking Feature Offers Up to 165% APY
$BTCETF tokens are available to be purchased in presale today on the project’s official website here. Buyers can start earning immediately by staking to receive an annual percentage yield, currently of 165%.
There are 144 million $BTCETF tokens already deposited into the staking smart contract. The APY is calculated dynamically and rewards are disbursed over a five-year period.
As mentioned earlier, the Bitcoin ETF Token links its valuation to the lifecycle of the spot Bitcoin ETF.
For instance, the burn mechanism is tied to real-world events related to spot Bitcoin ETF news flow, where milestones such as approval and launch dates and the level of assets under management (AUM), trigger burn events.
The milestones for the burn mechanism are as follows:
- Milestone 1: $BTCETF Trading Volume hits $100m – burn tax on transactions reduced from 5% to 4%, and 5% of total supply is burned.
- Milestone 2: First Bitcoin ETF is approved by SEC – burn tax on transactions is reduced from 4% to 3%, and a further 5% of total supply is burned.
- Milestone 3: First Bitcoin ETF launch date – burn tax on transactions is reduced from 3% to 2%, and a further 5% of total supply is burned.
- Milestone 4: Bitcoin ETF assets under management (AUM) hits $1bn – burn tax on transactions is reduced from 2% to 1%, and a further 5% of total supply is burned.
- Milestone 5: Bitcoin price hits $100k – burn tax on transactions is reduced from 1% to 0%, and a further 5% of total supply is burned.
This will create a gradual decrease in total supply, eventually leaving around 70% of BTCETF in circulation, with the supply-side reduction inducing upside price growth.
Bitcoin ETF Token could position investment portfolios for what could be one of the most consequential moments in crypto history. It offers exposure to the profitable spot Bitcoin ETF investment theme.
Visit the project here for more information and do your own extensive research before buying.