BitOffer Institute: Ethereum 2.0 Spurts, ETH ETF Surged by 400%
ETH 2.0 Staking process has already reached 100%, the genesis block will be launched as announced. Since the process has been announced by the Ethereum team, the price of ETH kept surging and refreshed its high. Moreover, ETH ETF on BitOffer boosted by 400% and became the most popular cryptocurrency derivative.
On Nov 4th, 2020, the Ethereum Team released v1.0 of the ETH 2.0 specs, including the mainnet deposit contract address and the mainnet launch details. Users can deposit 32 ETH into that contract address to become a validator of ETH 2.0 to provide a public good to the community to earn continuous rewards. When 524,288 ETH stakes into the deposit contract address, the ETH 2.0 mainnet will be launched as the date that has been announced. On the occasion, Ethereum will touch a meaningful milestone.
As for now, the mainnet deposit contract address has received 524,288 ETH from 16,000 validators, which has reached the threshold to launch the ETH 2.0 Mainnet. Thus, Ethereum 2.0 Mainnet will be launched on December 1st. And now the whole process has been into the sprint.
Since the team released v1.0 of the ETH 2.0 specs, the price of ETH exploded from $380, and once reached a new peak at $622 in 2020, of which change is about 64%. The ETH explosion lifted up the market to a much more bullish situation. Furthermore, recently, Ethereum Leveraged ETF (ETH3X) has surged from $4 to $17 (400%). As ETH 2.0 Mainnet will be pushed, its price is destined to reach a higher place.
Ethereum Leveraged ETF is an ETH derivative that was launched by BitOffer. It is leveraged because it benchmarks specific open interests on Futures trading.
Features of BitOffer Ethereum Leveraged ETF:
1. Long or Short Available;
2. No Margin;
3. No Liquidation;
4. Low-Trading Fees;
5. No Management Fees.
It is allowed to be purchased & redeemed or traded on the secondary market anytime. In addition, with its automatic position adjustment mechanism and compound calculation, its estimated profits can be at least 3 times to even 17 times.
To investors who prefer to invest in ETH, purchase ETH Leveraged ETF is much more cost-efficient than buying ETH on spot trading. They both use the same trading pattern that allows investors to buy or sell it anytime, but the profits of ETH leveraged ETF is at least 3 times higher than investing in ETH on the spot trading market. For example, ETH has pumped from $380 to $622 (64%), but the change of ETH Leveraged ETF (ETH3X) on BitOffer was more than 400%. That is the effect that came with the compound calculation in ETH leveraged ETF.
Compared with Opened 3X long ETH on Ethereum Futures trading, Ethereum leveraged ETF is not only more profitable but also safer due to it does not have any liquidation mechanism. For example, now the price of ETH is $600, if you opened 3X long ETH when the ETH price dumps by more than 33%, your positions would be liquidated, then lose all. However, if you invest in ETH Leveraged ETF (ETH3X), even the ETH price dumps by more than 33%, the value of your assets would lose some, but you still have a chance to earn the value back or even earn profits in the future.
After a short comparison, obviously, ETH Leveraged ETF (ETH3x) is a better investment than investing in ETH on spot trading or trading ETH futures trading due to the reason that it is a derivative bringing higher profits but less risk. Especially, the market is temporarily on a bull run. With its automatic position adjustment mechanism and compound calculation, investors will be able to maximize their profits more safely.
