Ether futures ETFs see low volumes of trading in first few hours

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By BitcoinWiki News

Key Takeaways:

– Ether futures ETF trading volumes have been underwhelming.
– Early volumes for ether futures ETFs totaled less than $2 million.
– ProShares’ bitcoin futures ETF, called $BITO, had generated $200 million in volume in the first 15 minutes.
– Ether futures ETFs offered by Valkyrie, VanEck, ProShares, and Bitwise had lower volumes compared to $BITO.
– Valkyrie’s bitcoin-ether blend ETF had the highest trading volume with nearly $800,000.
– ProShares’ ETF does not require a crypto custodian, exchange account, or wallet for investors.
– This information is provided for informational purposes only and is not intended as financial advice.


Summary:

The launch of ether futures ETFs has seen relatively low trading volumes compared to bitcoin futures ETFs. Early trading of the ether futures ETFs totaled less than $2 million, while ProShare’s bitcoin futures ETF generated $200 million in the first 15 minutes. Valkyrie’s bitcoin-ether blend ETF had the highest trading volume, with nearly $800,000. The debut of ether futures ETFs by ProShares, VanEck, and Bitwise took place on Monday, with ProShares allowing investors to access the ETF through brokerage accounts without needing a crypto custodian, exchange account, or wallet. While it is too early to evaluate the long-term performance of ether futures ETFs, their initial trading volumes have been underwhelming.

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