Crypto News: US Spot Ethereum ETFs Experience $79 Million in Outflows While Rexas Finance (RXS) Approaches End of Presale Stage 3

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If you’ve been tracking the crypto space closely, it would have not escaped your attention that something key is in the process of unfolding. Monday saw Ether ETFs in the U.S. post outflows worth an astounding $79 million, the largest since their issuance some months ago. Investors in the product have therefore been left wondering what is wrong with Ethereum’s institutional products as there seems to be a downside. But where Ethereum fails to make the headlines, the new attractive project Rexas Finance (RXS) is easily making headlines with its presale achievement, thanks to the success in presale, moving quickly to grab the center stage.

What is the cause of such a huge outflow in Ether ETFs?

Ethereum, one of the largest cryptocurrencies was believed to be at the center of attention when the auction of the spot Ethereum ETFs was initiated within the previous calendar year. These security products were meant to provide investors with a straightforward method of investing in the Ethereum market without the need to purchase and then keep the digital currency. It in simple terms, should have been a great success. But here is the twist – while these products were expected to attract the usually high traffic of institutional investors, and giants of the industry, they have not turned up as people expected.Ether ETFs saw more investors exiting on Monday to the tune of $79 million – the highest outflow since July. More and more investors have decided to step back from the capital flow, at least for the time being. This leaves us wondering: has Ethereum missed its window of opportunity? Probably, however, it is not that easy at the moment for Ethereum to make an impression while other altcoin projects are stepping up to take the impression where Ethereum left it.

Rexas Finance (RXS) Is on the Rise

Take Rexas Finance, a phase that is fast gaining traction while the period surrounding Ethereum ETFs is getting colder. Rexas Finance is a revolutionary crypto platform that brings something truly new to the table – tokenization of the physical assets, such as properties. Picture yourself relaxing in your chair while investing in a luxury flat in New York, a beachfront land in Greece, and a share of an exquisite piece of art. That is what Rexas Finance brings to the table.Another factor that makes Rexas Finance (RXS) particularly interesting is that you can begin with little capital. The situation is different with the Rexas Finance investment platform, where one can purchase just a part of the property according to one’s willingness to invest. Whether it’s a hundred bucks or ten thousand dollars, you determine what amount you want to bet. This is not just revolutionary, but it enables the average Joe to invest in the international property market which is quite novel.

Presale Stage 3 Is Heating Up

While Ethereum’s investors are reigning in due to institutional selling, Rexas Finance is flourishing. As of today, presale stage 3 is 66.03% complete, and the numbers are nothing short of impressive. Out of a target of $2,750,000, Rexas Finance has already raised a mass of $1,646,116. The escrows of released 42,922,319 RXS tokens have already been broken.This is not just another presale – this is more of a time-tactful move. Rexas Finance is addressing the dichotomy of real-world assets, bringing in the much-needed use-case for the investors’ tokens in the process. The enthusiasm of the people around this project is associated with its applicability in real cases – real estate tokenization. It is not a speculation everyday token that the investors are purchasing. It is a token serving the purpose where the ownership of real estate and all other physical assets will be available with a click from any part of the world.

Conclusion

With Rexas Finance’s presale about to close in stage 3, the time to seize an opportunity is quickly running out. If you wish to get in early on a project that has potential actual applications, now is the time. While Ethereum battles $79 million in redemptions, Rexas Finance is preparing to end its presale on top and who knows how far the token price can go after it is listed on the markets.So, while all of them are busy picking on what problems the Ethereum Network currently faces, the larger narrative is taking place right before our eyes, and that too involves Rexas Finance. Here’s your opportunity to put some money into something strategic, that is most likely capable of changing the way people invest in real estate. Ready to own a piece of the future? Time is of the essence.

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