Underwhelming Volume for Ether Futures ETFs
The initial trading volumes for ether futures exchange-traded funds (ETFs) have been lackluster, with less than $2 million traded so far. This is significantly lower than the trading volume generated by ProShares’ bitcoin futures ETF. Bloomberg ETF analyst Eric Balchunas described the volume as “pretty meh” compared to the $200 million traded in the first 15 minutes of ProShares’ bitcoin ETF launch.
Valkyrie’s Bitcoin-Ether Blend ETF Leads in Trading
Among the ether futures ETFs, Valkyrie’s bitcoin-ether blend ETF has seen the highest trading volume, nearing $800,000. Other providers such as VanEck, ProShares, and Bitwise also debuted their ether futures ETFs on Monday.
ProShares ETF Offers Convenience to Investors
ProShares’ ether futures ETF is particularly attractive to investors as it can be accessed through regular brokerage accounts without the need for a crypto custodian, exchange account, or wallet.
Hot Take: Ether Futures ETFs Struggle with Low Volume
While the launch of ether futures ETFs has garnered attention, their performance in terms of trading volume has been underwhelming. Despite the anticipation surrounding these products, they have failed to match the initial trading volumes of bitcoin futures ETFs. It remains to be seen how these ether futures ETFs will fare in the long run and whether they will gain more traction among investors.
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