In Ethereum (ETH) futures ETFs, first trading day volume reached $1.92 million.
The first Ethereum futures ETFs launched by three US investment managers reflected very low volume. $1.92 million in trading volume occurred in Ethereum futures ETFs launched by ProShares, VanEck and Bitwise Asset Management.
Among the ETFs launched for the world’s second largest cryptocurrency the other day, ProShares Ether Strategy ETF reached the largest transaction volume with $878,560.
Ethereum futures ETFs launched
US investment managers ProShares, VanEck and Bitwise Asset Management launched Ethereum futures ETFs the other day. In these ETFs, which are the first for Ethereum, the volume was below 2 million dollars.
In ETFs, which turned into a fiercely competitive environment, VanEck came to the fore at the beginning of the first day session. Experienced investment manager ProShares’ Ethereum futures product closed the day at the top.
It was surprising that Ethereum futures ETFs, which have made a big impact, came in low in terms of trading volume. However, it is worth remembering that transaction volumes in ETFs are quite low compared to crypto.
On the other hand, the record of the ProShares Bitcoin Strategy ETF, which was launched exactly two years ago and was the first Bitcoin futures ETF, could not be surpassed. On the first trading day, the volume of this fund reached 130 million dollars. The economic environment of that period and the fact that the bear market on the crypto side had not yet intensified are also major factors. However, Ethereum has not managed to attract as much attention as Bitcoin when it comes to futures ETF.
Valkyrie Funds will launch its Bitcoin and Ether hybrid futures ETF on October 3. With the demand for this product, which will be released as a converted fund, a volume of 4.57 million dollars was created.
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