The launch of Ethereum-based ETF went off without any fuss
In the first 15 minutes after the start of the session, the trading volume of Ethereum-ETF based on futures traded on the CME did not exceed $2 million. This contrasts with the debut of similar instruments based on Bitcoin, where the figure was 100 times higher.
According to Bloomberg analyst Eric Balchunas, these figures are generally typical for the new ETF, but “small” for an asset like Ethereum.
According to the data presented by the specialist, the leader was the product from Valkyrie based on a basket of the first and second cryptocurrencies by capitalization ($787,000). VanEck's Ethereum futures-only ETF barely broke $300,000.
In total, the turnover for six exchange-traded funds based only on Ethereum futures at the end of the day amounted to $1.92 million, including $879,000 for the ProShares Ether Strategy ETF.
