The launch of nine new Ethereum futures exchange-traded funds (ETFs) did not result in significant investment dollars. Only five of the ETFs hold exclusively Ether futures, while the other four track a mixture of Bitcoin and ETH futures contracts. The total trading volume for all nine ETFs was less than $2 million on the first day of trading, with Valkyrie's BTF being the most popular. Senior Bloomberg ETF analyst Eric Balchunas noted that the volume was actually quite a lot compared to a regular traditional finance ETF launch, but investors tend to prefer spot ETF products over futures.

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