Investor appetite for ether futures exchange-traded funds has remained muted, despite a surge in new listings.
The broader outlook for crypto is partly to blame, Ric Edelman, founder of the Digital Assets Council of Financial Professionals, told Bob Pisani on CNBC's"] generated a billion dollars on its launch of bitcoin futures, that was because it was brand new," said Edelman."Frankly, bitcoin was doing fabulous at the time in 2021 and a lot of folks really didn't understand exactly what that fund was, being bitcoin futures.
"People are recognizing, 'I don't ordinarily buy futures, so if I'm not buying futures in the stock market, why would I buy futures in the crypto market?'"
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