ETFs that invest in ethereum futures receive a cool response on their first trading day.
Valkyrie’s BTF, the most sought-after among futures ETF offerings, stands out by tracking a hybrid blend of Bitcoin and Ether. This dynamic asset has amassed an impressive total trading volume, tallying up to a substantial $882,000. It’s noteworthy to mention that BTF initially operated as a Bitcoin-only futures ETF since October 2021 but strategically adapted by incorporating Ether. However, the debut trading volumes of Ether ETFs pale in comparison to the ProShares Bitcoin Strategy ETF (BITO), which made its entrance in October 2021 amidst a fervent crypto market. BITO marked a remarkable feat, witnessing an astonishing trading volume exceeding $1 billion on its inaugural day. Relatedly, the impending listing of the VanEck Ethereum Strategy ETF on the CBOE exchange adds intrigue to the evolving landscape. Yet, it’s important to underline that, when viewed in the context of traditional finance ETF launches, the volume of these ETFs is indeed quite substantial. ...