Ethereum Futures ETF Launches to Muted Volumes
9 new Ethereum (ETH) futures exchange-traded funds (ETFs) launched on October 2.
The Launch Of Ethereum Futures ETF Had Low Volumes
Nonetheless, their preliminary buying and selling volumes on opening day fell in need of expectations, with all 9 ETFs collectively recording lower than $2 million in buying and selling quantity on their first day. The most well-liked product was Valkyrie’s BTF, which mixes Bitcoin and Ether futures and garnered $882,000 price of quantity. In distinction, the ProShares Bitcoin Technique ETF (BITO) witnessed over $1 billion in buying and selling quantity on its debut day in October 2021.
In the meantime, ETF agency Volatility Shares canceled its plans to listing an analogous Ether futures product, citing an absence of present alternative available in the market.
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