Multiple Ethereum futures ETFs were launched this week, but they did not attract a large number of investors to buy, causing trading volume to continue to fall. In response to this situation, ETF publisher VanEck went crazy, saying to the crypto community: "Low trading volume, just like your jpeg."

(Related reports: Nine Ethereum futures ETFs launched! First-day trading volume was dismal, totaling less than $2 million)

LOW VOLUME, just like your jpegs.

— VanEck (@vaneck_us) October 3, 2023

Ethereum futures ETF trading volume low

According to reports this week, a total of 8 Ethereum futures ETFs were launched this week (originally 9, Volatility Shares canceled the application), but after the launch, there was no enthusiastic trading situation like the launch of the 11 Bitcoin futures ETFs in 2021. The trading volume on the first day was less than US$2 million.

Regarding this situation, Bloomberg analyst Eric Balchunas also said that it was lower than his estimate, which may be because the market is not a bull market and Ethereum is not so popular with investors.

VanEck’s witty response: Just like your jpeg

Two days after the launch of the Ethereum Futures ETF, trading volume has not shown a growth trend for the time being. According to data from Yahoo Finance, the Ethereum Strategy ETF (EFUT) launched by VanEck only saw trading volume of about $368,000 on the second day, even lower than the $500,000 on the first day.

Such a deserted ETF trading volume has also attracted the attention of the crypto community, and VanEck seems to have heard the community’s doubts and made an interesting response today.

VanEck said on X (formerly Twitter):

"Low volume, just like your jpeg."

VanEck's remarks about the low trading volume faced by the NFT market in the bear market attracted the attention of the crypto community in a short period of time. Among the many comments, most people thought that VanEck's behavior was really cool, but there were also a few people who appealed for NFT. .

For example, crypto venture partner Adam Cochran humorously said that the trading volume of Pudgy Penguins is higher than the Ethereum ETF launched by VanEck, and asked him to take back his words and say "GM!" to apologize.

These cute little bastards did more volume than you, so you take it back right now, and apologize by saying GM! pic.twitter.com/F85JvdffxN

— Adam Cochran (adamscochran.eth) (@adamscochran) October 3, 2023

However, among the Ethereum futures ETFs launched this week, if hybrid ETFs are excluded, VanEck's EFUT actually has the highest trading volume, and the trading volume of other ETFs is not even half of it. Maybe it makes sense for him to dare to speak so loudly. ?

This article Ethereum futures ETF trading volume is not as expected! Publisher VanEck: Just like your jpeg appeared first on Chain News ABMedia.