Ethereum

Bitcoin

<img width="800" height="533" src="https://cdn.thebittimes.com/images/2023/10/04/f7ce2b70f8f5d49ed61fbdbac4f3397c.webp" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" srcset="https://cdn.thebittimes.com/images/2023/10/04/f7ce2b70f8f5d49ed61fbdbac4f3397c.webp 800w, https://cdn.thebittimes.com/images/2023/10/04/f7ce2b70f8f5d49ed61fbdbac4f3397c.webp 450w, https://cdn.thebittimes.com/images/2023/10/04/f7ce2b70f8f5d49ed61fbdbac4f3397c.webp 750w, https://cdn.thebittimes.com/images/2023/10/04/f7ce2b70f8f5d49ed61fbdbac4f3397c.webp 768w" sizes="(max-width: 800px) 100vw, 800px"> 
Valkyrie’s BTF, the most sought-after among <a rel="noopener noreferrer nofollow" title="futures" href="https://thebittimes.com/tag/futures.html">futures</a> ETF offerings, stands out by tracking a hybrid blend of Bitcoin and Ether. This dynamic asset has amassed an impressive total <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> 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 <a rel="noopener noreferrer nofollow" title="ETFs" href="https://thebittimes.com/tag/etfs.html">ETFs</a> is indeed quite substantial. However, it’s a well-known fact that <a rel="noopener noreferrer nofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a>ors typically exhibit a preference for spot ETF products over <a rel="noopener noreferrer nofollow" title="futures" href="https://thebittimes.com/tag/futures.html">futures</a>. 
As Balchunas aptly elucidated, the synchronized launch of all these products on the same day was a strategic move by the SEC to forestall any one fund from achieving market dominance. 
Concurrently, as a multitude of U.S. firms vie for supremacy in the burgeoning Ether <a rel="noopener noreferrer nofollow" title="futures" href="https://thebittimes.com/tag/futures.html">futures</a> market, ETF firm Volatility Shares has chosen to abandon its plans to list a similar product. Their rationale is grounded in the belief that the present moment does not present a favorable opportunity for such a venture. 
The post ETFs that invest in ethereum futures receive a cool response on their first trading day. appeared first on BitcoinWorld. 
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/etfs-that-invest-in-ethereum-futures-receive-a-cool-response-on-their-first-trading-day-tbt65024.html">https://thebittimes.com/etfs-that-invest-in-ethereum-futures-receive-a-cool-response-on-their-first-trading-day-tbt65024.html</a>

ETFs that invest in ethereum futures receive a cool response on their first trading day.

TheBitTimes

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