The announcement of a BlackRock money market fund tokenized on Hedera (HBAR) sparked a frenzy that sent HBAR skyrocketing by 94%. This turned out to be a widely misinterpreted announcement from the HBAR Foundation, as BlackRock was not involved in this on-chain activity. However, seeing the effect such development had on the price of Hedera (HBAR), investors have been very excited about ETFSwap (ETFS).
ETFSwap (ETFS) is a new platform for tokenized ETFs, and it joins BlackRock and several other large asset managers in the real-world asset market. Early investors are already expecting an exciting rally on ETFS as they book early spots to buy the token on presale.
Confusion On BlackRock’s Involvement With Hedera (HBAR)
The Hedera Foundation announced the tokenization of BlackRock’s ICS US treasury market fund (MMF) in an X post which garnered over three million views. The post stated that this fund is tokenized alongside infrastructure firms like Archax and Ownera, welcoming the world’s largest asset manager on-chain.
Contrary to what most believed, BlackRock was not involved in the tokenization that took place, but several crypto influencers with significant followings had already amplified the announcement. Considering the weight of the announcement, Hedera (HBAR) emerged as the leading market gainer in the hours that followed. HBAR soared from a low of $0.09154 to $0.1806, an almost 100% increase in 24 hours. However, its price has since corrected and is trading around $0.11145 at the time of this writing.
Chris O’Connor, the founder of Cardano Ghost Fund DAO, criticized the misleading statement from the Hedera Foundation and further emphasized that BlackRock had no role in the tokenization and had not chosen Hedera (HBAR) for the tokenization of its fund. This was actually just a collaboration between Archax, Ownera, and HBAR Foundation to bring the MMF to the Hedera (HBAR) blockchain.
Hedera (HBAR) is a decentralized layer-1 blockchain with a unique hashgraph consensus algorithm that allows for secure, fast, and energy-efficient transactions. The network could be a consideration for institutions looking to pivot to tokenized assets, but ETFSwap (ETFS) appears to be the safer bet for investors with its massive room for growth.
Why ETFSwap (ETFS) Could Be The Safer Bet For Investors
Tokenization is quickly becoming the future of the crypto market, and investors are seeking early positions in this new narrative. BlackRock and some other institutions have shown interest in tokenizing funds and assets on blockchain to leverage the technology for several new benefits unattainable with traditional systems.
Several studies also estimate that the market for tokenization and real-world assets could be worth $10 trillion by 2030. This is why investors are looking to be early adopters of this future tech, and ETFSwap (ETFS) seems like the perfect pick for massive profit.
ETFSwap (ETFS) is a new platform for trading tokenized ETFs on-chain. This new platform allows global access to various ETFs from several industries. These will range from crypto ETFs to commodity ETFs, fixed-income ETFs, and leveraged ETFs, enabling investors to diversify their portfolios into different market segments to manage risk and improve returns.
The best part of this is the integration with DeFi features, which allows for quick settlements, access to liquidity, quick conversion to cryptocurrencies, and seamless value sharing between both markets. ETFSwap (ETFS) will also come with ecosystem tools such as an ETF screener, ETF filter, and ETF finder to help investors make key investment decisions and gain fidelity to the planned investment.
ETFS will serve as the native token for the platform, and its prospect for growth continues to improve launch approaches. It’s still pretty early for investors as the Stage 1 presale has only just begun and is nearly at $200,000 already. The ongoing presale is selling ETFS tokens for $0.00854, and early investors can take advantage of over 2x the profit margin available before the price increases to $0.01831 on Stage 2 presale.
Experts believe ETFSwap (ETFS) has a solid claim in the future of tokenization and real-world assets as a pioneering platform for tokenized ETFs and many DeFi solutions. Early investors stand to be the biggest winners.
Claim a 18% bonus now on the ETFS presale with the promo code “ETF18.”
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