The historic launch of nine new Ethereum futures ETFs has gotten off to a relatively slow start, with all of the funds witnessing less than $2 million of total volume on the first day of trading.
The rush of excitement that accompanied the launch of nine new Ethereum futures exchange-traded funds appears to have yielded little in the way of investment dollars in comparison.
The most popular of the futures ETF products was Valkyrie's BTF — which tracks a combination of Bitcoin and Ether — racking up a total of $882,000 worth of volume. The first-day trading volume of the Ether ETFs paled in comparison to that of ProShares Bitcoin Strategy ETF , which debuted in October 2021 during a roaring market for crypto assets. BITO witnessed more than $1 billion in trading volume on its first day.However, Balchunas noted that compared to a regular traditional finance ETF launch, the volume witnessed was actually “quite a lot,” though investors tend to prefer spot ETF products over futures.
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