Ethereum

<ul><li>The launch of nine Ethereum Futures ETFs by industry leaders like ProShares, VanEck, and Bitwise fell short of expectations.</li><li>Ethereum&#39;s value, which surged 4.5% to $1,734 on October 1, experienced a 4% drop, closing at $1,659 on launch day, and currently trades at $1,637.</li><li>ProShares Ether Strategy ETF led with $878,560 in trading volume, a notable contrast to ProShares Bitcoin Strategy ETF&#39;s 2021 debut success.</li></ul>After months of anticipation, the <a href="https://twitter.com/EricBalchunas/status/1708953284495708559" rel="noopener noreferrer nofollow">launch</a> of nine Ethereum Futures ETFs by investment heavyweights like ProShares, VanEck, and Bitwise this week left speculators wanting. According to a recent <a href="https://www.bloomberg.com/news/articles/2023-10-04/-sell-the-news-strikes-again-after-debut-of-ether-eth-futures-etfs" rel="noopener noreferrer nofollow">report</a>, the much-hyped launch on October 2 saw a lukewarm response, with only a meager $2 million inflows.Ethereum&#39;s value, which had surged by approximately 4.5% to $1,734 on October 1 in anticipation, took a hit and closed at $1,659 on launch day, marking a 4% decline. As of the latest update, Ethereum is <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">trading</a> at $1,637, reflecting a 0.53% decline over the past 24 hours.According to the report, the six funds garnered a combined trading volume of $1.92 million on October 2, the ProShares Ether Strategy ETF led the pack with an impressive $878,560, accounting for 45.7% of the total volume. This starkly contrasts the ProShares Bitcoin Strategy ETF&#39;s meteoric rise, which raked in a <a href="https://cryptotale.org/ethereum-faces-a-critical-decision-point-analyst-insights/" rel="noopener noreferrer nofollow">staggering</a> $1 billion in just two days upon its 2021 debut. However, it&#39;s crucial to note that the overall crypto market was bullish during that period.Read full article at <a href="https://cryptotale.org/ethereum-future-etf-debut-falls-short-of-expectations-report/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Ethereum Future ETF Debut Falls Short of Expectations: Report

CryptoTale

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