CryptoMediaClub
Monday, June 16, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Ethereum

Ethereum futures ETFs garner lukewarm reception on first day of trading

03.10.2023
A A
0
127
VIEWS
ShareShare

The rush of excitement that accompanied the launch of nine new Ethereum futures exchange-traded funds (ETFs) appears to have yielded little in the way of investment dollars in comparison.

On Oct. 2, nine new ETF products, which are designed to track futures contracts tied to the value of Ethereum’s native currency Ether (ETH) arrived on the market. Of these funds only five hold exclusively Ether futures, while the other four track a mixture of Bitcoin and ETH futures contracts.

“Pretty meh day of volume,” wrote senior Bloomberg ETF analyst Eric Balchunas on X (formerly known as Twitter) on Oct. 2.

Unprecedented day today with multiple ETFs all launching at same time. No clear winner has emerged, all of them were pretty average, lower than I would have predicted, but its a long run and remember, these hold futures (ETF investors much prefer physical to derivatives) https://t.co/fKGOv8T7pP

— Eric Balchunas (@EricBalchunas) October 2, 2023

In total, all nine ETFs witnessed less than $2 million worth of trading volume as of midday EST on the first day of trading.

The most popular of the futures ETF products was Valkyrie's BTF — which tracks a combination of Bitcoin and Ether — racking up a total of $882,000 worth of volume.

It’s worth noting that BTF had already been trading as a Bitcoin-only futures ETF since Oct. 2021, but adjusted its strategy to include ETH.

The first-day trading volume of the Ether ETFs paled in comparison to that of ProShares Bitcoin Strategy ETF (BITO), which debuted in October 2021 during a roaring market for crypto assets. BITO witnessed more than $1 billion in trading volume on its first day.

Related: VanEck Ethereum Strategy ETF set for CBOE listing

However, Balchunas noted that compared to a regular traditional finance ETF launch, the volume witnessed was actually “quite a lot,” though investors tend to prefer spot ETF products over futures.

Balchunas explained that all of the products were scheduled for launch on the same day as the SEC wanted to prevent any one fund from gaining market domination.

Meanwhile, while a range of United States firms jostled for pole position in the nascent Ether futures market, ETF firm Volatility Shares canceled its plans to list a similar product, saying that it “didn’t see an opportunity” at the current time.

Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in

Share10Tweet6ShareSharePin2

Related Posts

ProShares announces launch of short Ether-linked ETF
Ethereum

ProShares announces launch of short Ether-linked ETF

02.11.2023
0

ProShares, a major issuer of exchange-traded funds (ETF), announced the launch of the short Ether-linked ETF on Nov. 2.ProShares’s new...

Read moreDetails
Slumdog billionaire 2: ‘Top 10… brings no satisfaction’ says Polygon’s Sandeep Nailwal

Slumdog billionaire 2: ‘Top 10… brings no satisfaction’ says Polygon’s Sandeep Nailwal

02.11.2023
Top Swiss bank launches Bitcoin and Ether trading with SEBA

Top Swiss bank launches Bitcoin and Ether trading with SEBA

02.11.2023
Elon Musk slams NFTs but ends up arguing the case for Bitcoin Ordinals

Elon Musk slams NFTs but ends up arguing the case for Bitcoin Ordinals

02.11.2023
3 reasons why Ethereum price is down against Bitcoin

3 reasons why Ethereum price is down against Bitcoin

02.11.2023
Load More
Next Post
Chainalysis axes another 15% of staff citing difficult market conditions

Chainalysis axes another 15% of staff citing difficult market conditions

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Ripple Earns Distinction as a Leading Innovator in Digital Assets

Ripple Earns Distinction as a Leading Innovator in Digital Assets

2 years ago
Trading Volume of Spot Crypto ETFs Hits $6 Billion Amid Market Collapse

Trading Volume of Spot Crypto ETFs Hits $6 Billion Amid Market Collapse

10 months ago
UAE Authorities Exempt Crypto Companies from VAT

UAE Authorities Exempt Crypto Companies from VAT

8 months ago
Lawyer who laundered $400M from OneCoin scam denied new trial: Report

Lawyer who laundered $400M from OneCoin scam denied new trial: Report

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

XRP Price Prediction: Down 2.6% This Week – Is a Reversal Brewing for XRP?

Forget Just Gold, Bitcoin Is Coming for $30T Bond Market Too: Bitwise CEO

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

Trump’s Crypto Bet Pays Off: Over $600M Reported in 2024 Earnings

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

Trending

Russia Paid Teenage Spies in Bitcoin, Blockchain Forensics Reveal
All news

Russia Paid Teenage Spies in Bitcoin, Blockchain Forensics Reveal

16.06.2025
0

Russian intelligence agencies are increasingly relying on Bitcoin to fund covert operations across Europe, including the recruitment...

Bitcoin Price Prediction: BTC Approaches Key Inflection Point – What’s Next?

Bitcoin Price Prediction: BTC Approaches Key Inflection Point – What’s Next?

15.06.2025
Ethereum Price Prediction: Investor Snaps Up $127 Million in ETH – Contrarian Play?

Ethereum Price Prediction: Investor Snaps Up $127 Million in ETH – Contrarian Play?

15.06.2025
XRP Price Prediction: Down 2.6% This Week – Is a Reversal Brewing for XRP?

XRP Price Prediction: Down 2.6% This Week – Is a Reversal Brewing for XRP?

15.06.2025
Forget Just Gold, Bitcoin Is Coming for $30T Bond Market Too: Bitwise CEO

Forget Just Gold, Bitcoin Is Coming for $30T Bond Market Too: Bitwise CEO

15.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz