Bitcoin exchange-traded funds (ETFs) are a type of investment that tracks the price of Bitcoin and allows investors to gain exposure to BTC without having to buy and store the cryptocurrency themselves.

They particularly appeal to institutional investors, such as hedge and pension funds, to invest in the token and are seen as a key factor in driving Bitcoin’s price up soon, with several huge investment companies – such as BlackRock and Fidelity – awaiting approval to offer Bitcoin ETFs to their customers.

Now, Bitcoin ETF Token ($BTCETF) has been launched as a speculative support token linked to the fate of Bitcoin ETFs as they await approval from the United States Securities and Exchanges Commission (SEC), with growing optimism that they will be secured soon.

The ERC-20 token, which also offers staking and is deflationary, is available to purchase for just $0.005 during the first round of its presale – there will also be huge token burns when Bitcoin and Bitcoin ETFs reach certain milestones. Below is a full outline of how to buy $BTCETF and a comprehensive overview of the project.

Summary of Bitcoin ETF Token

 Here are the key points to know about Bitcoin ETF Token ($BTCETF):

  • Newly launched ERC-20 token currently in its presale.
  • 10 stages with the price to increase 36% from $0.005 in stage 1 to $0.0068 in the final round.
  • Offers staking rewards – over 5,000% at the time of writing – and deflationary tokenomics.
  • Decreasing transaction tax at set milestones.
  • Tokens will be burnt at set milestones – 25% of the max supply burnt once all milestones are reached.

How to Buy Bitcoin ETF Token ($BTCETF)

The sections below show users how to buy Bitcoin ETF Token in five simple steps: 

Step 1: Download Crypto Wallet 

BTCETF is currently available on presale and not yet available on exchanges. That means users must have a crypto wallet to interact with the presale website rather than being able to trade it on any CEX or DEX.

We would recommend MetaMask or Trust Wallet as free, secure, and easy-to-use examples for beginners, but there are dozens of options. For this guide we will use MetaMask – download the free mobile app or browser extension and set up an account being careful to pick a strong password.

MetaMask download page

Step 2: Buy Tokens

$BTCETF cannot be purchased with fiat currency but is an ERC-20 token that can be purchased with four different cryptos – load the crypto wallet with either Ethereum (ETH), Tether (USDT), BNB, or Polygon (MATIC). MetaMask enables users to purchase the purchase of those tokens directly from its dashboard, via trusted third-party providers such as Wert, MoonPay, and Transak.

We would recommend that beginners purchase ETH as it is the default blockchain setting on MetaMask and some will be needed to cover gas fees (suggested 0.015 ETH) when the BTCETF purchase is made later. ETH can also be purchased on the Bitcoin ETF Token website after connecting (see below) via Wert.

Step 3: Connect Wallet to Bitcoin ETF Token Website

Now, head to the Bitcoin ETF Token website and click the bright green ‘Connect Wallet’ button. This should load another window where users must enter their crypto wallet password and connect to the page.

After the connection is complete, the page will look slightly different and offer the option to ‘Buy Now’ or ‘Buy and Stake’.

Bitcoin ETF Token presale

Step 4: Buy $BTCETF Tokens 

BTCETF allows users to immediately stake tokens for the duration of the presale and earn extra tokens for locking them inside the staking pool. At the time of writing, staking rewards are over 5,000%, although that will reduce significantly as more tokens are added to the pool and the rewards distributed to a greater number of holders.

For that option select ‘Buy and Stake’ then follow the instructions on the screen and leave a small amount of your budget over to cover gas fees, as mentioned above. The transaction should be confirmed in a minute or two depending on how busy the network is. Select ‘Buy Now’ if you do not want to earn staking rewards.

Step 5: Claim Tokens 

The tokens will not be immediately available after purchasing. They will instead be stored on the website until the Token Generation Event (TGE) once the presale is sold out and the stages are complete.

Once sold out, the Bitcoin ETF token team will make an announcement on social media for a claiming period. At this time, return to the website click the ‘Claim Now’ and wait for the tokens to be transferred into the crypto wallet. They can then be sent on to an exchange (details also to follow) or held securely.

Visit Bitcoin ETF Token Presale

What is Bitcoin ETF Token?

Bitcoin ETF Token is a brand new cryptocurrency project and already our best crypto presale that is offering huge staking rewards, and a deflationary supply and burn mechanism all tied to the fate of Bitcoin exchange-traded funds (ETFs).

As outlined above, several major financial institutions applied for Bitcoin ETFs earlier this year and are now being scrutinized by the US SEC. Some of the biggest asset management firms in the world, including the likes of BlackRock and Fidelity who have several trillion dollars worth of assets under management, have applied to offer Bitcoin ETFs to their customers.

what is bitcoin etf token

Should they be approved – with investors growing in confidence that they will be – it will be seen as a huge positive for the Bitcoin and crypto community.

The reasoning will be twofold, not only because it will be a seal of approval from a government agency and major investment firms about the legitimacy of BTC as an investment vehicle, but because those trillions of assets will be used to invest in and speculate on the price of BTC.

The approval is expected to see a major domino effect in the rest of the market, not only from whale investors but also from retail investors, and could well be the catalyst for another crypto bull run – alongside the upcoming Bitcoin halving, which is expected in April 2024.

Bitcoin ETF Token will conduct major token burns when certain key milestones on the road to Bitcoin ETFs being approved are hit. As has been seen with other top altcoins such as Maker (MKR), Cronos (CRO), and Verasity (VRA), burns are a successful way to drive up interest and price in a token as a lower supply equals more value.

Read through the full Bitcoin ETF Token whitepaper for more information on the project, and join the Telegram group for the latest news.

Hard Cap $4,956,000
Total Tokens 2.1 Billion
Tokens available in presale 840 Million
Blockchain Ethereum
Token type ERC-20
Minimum Purchase None
Purchase with ETH, USDT, BNB, MATIC

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Bitcoin ETF Token Key Features

Outlined below are the key features of Bitcoin ETF Token, with details on its token burn, staking rewards, and tokenomics, which make it one of the best new cryptos to buy.

Milestones & Burn

BTCETF will burn 5% of its max supply and decrease transaction tax when five major milestones are hit by the project itself and when Bitcoin ETFs reach certain announcements on their way to fully reaching the market.

The milestones are as follows:

  • BTCETF hits $100 million total trading volume.
  • Bitcoin ETFs approval date announced.
  • First ETF fully approved.
  • First ETF tradable token reaches 100% increase (doubles in price).
  • Bitcoin hits $100,000.

bitcoin etf token milestones

If and when all these milestones are hit that means the BTCETF supply will have been reduced by 25% in total with transaction taxes drastically reduced from 5% to just 1%. The deflationary potential has been designed to incentivize holding the tokens over the long term and reduce selling pressure.

The roadmap is, of course, fluid as it relates to real-world events that are out of the control of the project, but there is growing confidence that Bitcoin ETFs will be approved in the coming months.

Staking

As BTCETF was built on Ethereum and is an ERC-20 token, it can be immediately staked during the presale. That means that users can lock their tokens into the staking pool for the duration of the sale and generate extra tokens without fear of their price dropping in the meantime.

BTCETF is not yet available on any exchanges and therefore cannot be traded or sold and can only be purchased from the presale website. The Bitcoin ETF Token staking pool will generate rewards of 119 BTCETF per ETH block and, at the time of writing, over 150 million tokens have been locked inside the staking pool.

Bitcoin ETF Token staking

Staking during the presale has proven to be hugely popular so far, with around 80% of the tokens purchased immediately locked into the pool and generating a current estimated annual percentage yield (APY) of 177%.

This figure will decrease throughout the presale as more tokens are locked inside the pool, but the staking figure is still expected to be robust.

Tokenomics

Bitcoin ETF Token has a max supply of 2.1 billion tokens, with 40% of those (840 million) reserved for its 10-stage presale. While tokens are currently priced at $0.0056 during the ongoing presale stage, the price will increase by $0.0068 during the final stage.

Each stage will offer 84 million tokens and each stage will last until tokens are sold out. The remaining supply is split with 25% (525 million tokens) going to both the staking pool and the burn mechanism and 10% (210 million tokens) to exchange liquidity.

Staking tokens will be distributed and rewarded over five years, with the first year releasing 15% (315 million) of that supply and the next four years releasing 2.5% (52.5 million) each year.

bitcoin etf token tokenomics

Visit Bitcoin ETF Token Presale

Conclusion 

Bitcoin ETF Token is an exciting new crypto presale project that is speculating on the upcoming likelihood that spot Bitcoin exchange-traded funds (ETFs) will soon be approved by the SEC. Major investment firms such as BlackRock and Fidelity have applied for the ETFs and they are expected to have a major impact on the future price of BTC and the wider crypto market – potentially being a major catalyst in another crypto bull run.

BTCETF will conduct major token burns and reduce transaction tax when significant milestones are hit for Bitcoin ETFs, including their approval and when BTC hits six figures.

The token is currently available to purchase during presale for $0.0056. By the final presale stage, the price will rise to $0.0068 per token, offering immediate potential upside to investors. BTCETF buyers can also earn huge staking rewards during the presale, with the current APY estimated at over 175%.

Visit Bitcoin ETF Token Presale

References 

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