Ethereum Futures ETF shows 'dead on arrival' instincts
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Pretty meh volume for the Ether Futures ETFs as a group, a little under $2m, about normal for a new ETF but vsVanEck Ethereum ETF Fund Goes Live, Now Trading After the Securities and Exchange Commission greenlighted many of the ETF proposals from the likes of VanEck, ProShares, Valkyrie and Bitwise, among others, U.S. bourses welcomed multiple launches earlier this week.
Per the data shared, the combination of Bitcoin and Ethereum Futures ETFs from Valkyrie had the highest trading volume, which was pegged at about $787,376 as of 11:15 a.m. on Monday. The same low trading volume characterized the offerings from ProShares, whose Ethereum Futures ETF saw just a meager $284,112 traded overall.
While the fact that such a product is available for mainstream investors to gain exposure to the crypto space, Balchunas pointed out the poor volume when compared to the more than $200 million the first-ever Bitcoin Futures ETF recorded within the first 15 minutes after it went live.The industry has been quite emphatic about the SEC approving a crypto ETF product.
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