📉 The launch of Ethereum futures ETFs on CME got off to a lackluster start, with trading volume remaining below $2 million in the first 15 minutes. This is a significantly lower figure compared to its Bitcoin-based counterparts. Bloomberg analyst Eric Balchunas notes that these figures are normal for new ETFs, but are low for Ethereum. By the end of the first day, the total trading volume of six exchange-traded funds based solely on Ethereum futures reached $1.92 million. Bloomberg notes that the current bear market makes competition difficult. VettaFi's Roxanne Islam thinks the reason for the low interest in Ethereum-based futures ETFs is that investors are primarily waiting for spot versions based on Bitcoin (BTC). However, the US Securities and Exchange Commission (SEC) continues to delay spot Bitcoin ETF applications.