The first ether futures ETFs launched recently but had relatively low trading volumes compared to the initial bitcoin futures offering. Six ether futures ETFs launched by ProShares, Bitwise, and VanEck saw a combined trading volume of around $2 million. The ProShares Ether Strategy ETF led with nearly $900,000 in daily volume. Some experts believe that the muted performance is not surprising given that ether futures are different from a spot bitcoin ETF. While some are optimistic about the long-term growth of ether futures ETFs, others believe that investors are waiting for spot ETFs instead. The recent underperformance of ether and the lack of clear signals from the US Securities and Exchange Commission regarding spot ETF approvals may also affect long-term demand.
AI Sentiment: Neutral
