đDeFi enthusiasts, gather 'round! The first day of trading for futures-based Ether ETFs was... well, a bit of a snooze fest. đŽ But hey, slow and steady wins the race, right? đą
Out of 9 ETFs launched, 5 hold only Ether futures, while 4 are a mix of Bitcoin & Ether. Valkyrie's BTF, a 2-year-old Bitcoin-only fund, is even changing its strategy to include Ether! đ
But let's be real: the volume was "pretty meh," as Bloomberg's Eric Balchunas put it. VanEck's EFUT, one of the more popular newbies, traded just under 25K shares at ~$17/share, totaling a mere $425K. đ
Compare that to ProShares' BITO, which launched in Oct 2021 & traded over $1B on its first day! đ€Ż But don't lose hope, crypto fans! We're still waiting for the SEC's decision on spot Bitcoin & Ether ETFs. đ€
So, what do you think? Are Ether ETFs just warming up, or is this a sign of things to come? Share your thoughts below! đđ #DeFi #Web3 #EtherETFs
Out of 9 ETFs launched, 5 hold only Ether futures, while 4 are a mix of Bitcoin & Ether. Valkyrie's BTF, a 2-year-old Bitcoin-only fund, is even changing its strategy to include Ether! đ
But let's be real: the volume was "pretty meh," as Bloomberg's Eric Balchunas put it. VanEck's EFUT, one of the more popular newbies, traded just under 25K shares at ~$17/share, totaling a mere $425K. đ
Compare that to ProShares' BITO, which launched in Oct 2021 & traded over $1B on its first day! đ€Ż But don't lose hope, crypto fans! We're still waiting for the SEC's decision on spot Bitcoin & Ether ETFs. đ€
So, what do you think? Are Ether ETFs just warming up, or is this a sign of things to come? Share your thoughts below! đđ #DeFi #Web3 #EtherETFs