🔹 The total trading volume of the first ETFs for ether futures yesterday was only $1.92 million.

Yesterday, trading started in six ETH funds from three companies: ProShares, VanEck and Bitwise Asset Management. These are the first ETH futures funds in America.

But the total trading volume of all six funds was $1.92 million.

For comparison, when the first Bitcoin futures ETF was listed, trading volume was $200 million in the first 15 minutes, and in two days it exceeded $2 billion.

Such low trading volumes indicate a clear lack of pent-up demand for ETH in the form of a futures ETF.

Maybe we shouldn’t expect explosive price growth from spot crypto funds? Even if this tool appears at the beginning of 2024, is there demand for it? 🤔

💡 There is also an interesting point. Vaneck promises to allocate 10% of the profits of its ETH fund to support Ethereum developers. On the first day, such support amounted to $274.

#ETH #Фьючерсы