Ethereum

Solana

Bitcoin

James

Ethereum (<a href="https://cryptoslate.com/coins/ethereum/">ETH</a>) investment products struggled to record notable inflow despite the recent launch of several Ether futures-based exchange-traded funds (ETF) last week. 
According to CoinShares’ latest weekly report, these ETFs’ attraction of a meager sum of $10 million underscores the “tepid appetite” for Ethereum among investors. It continued that when a similar futures ETF launched for Bitcoin last year, the product saw up to $1 billion in investments during the first week of its operations. 
However, CoinShares’ senior analyst James Butterfill noted that the performance of the Ether-based ETFs could also be tied to the overall “poor investor appetite for digital assets at present.” 
Last week, several futures-based Ethereum ETFs from different asset managers like &nbsp;<a href="https://cryptoslate.com/companies/valkyrie/">Valkyrie</a>,&nbsp;<a href="https://cryptoslate.com/companies/vaneck/">VanEck</a>, ProShares,&nbsp;<a href="https://cryptoslate.com/companies/bitwise/">Bitwise</a>, Kelly, and VolShares launched in the U.S. CryptoSlate <a href="https://cryptoslate.com/ethereum-futures-etfs-launch-with-modest-first-day-of-trading/">reported</a> that these ETFs saw around $2 million in trading volume during the first day of their launch. 
<h2 class="s3" id="span-class-s2-bitcoin-solana-continues-dominance-span">Bitcoin, Solana continues dominance</h2> 
Meanwhile, Bitcoin (<a href="https://cryptoslate.com/coins/bitcoin/">BTC</a>) and Solana (<a href="https://cryptoslate.com/coins/solana/">SOL</a>) investment products continued their <a href="https://cryptoslate.com/bitcoin-solana-investment-products-lead-first-crypto-inflow-since-mid-august/">dominant trend </a>as digital assets investment products recorded inflows of $78 million last week. During this period, ETPs’ trading volumes rose by 37% to $1.13 billion. 
According to Coinshares, BTC products saw inflows totaling $43 million, with the asset’s current positive price performance enticing some investors to add $1.2 million to their short-bitcoin positions. Additionally, the top cryptocurrency trading volume on trusted exchanges jumped by 16%. 
Over the past week, BTC’s price peaked at $28,410 and has continued to trade near the $28,000 benchmark. 
On the other hand, Solana recorded its largest weekly inflow of $24 million since last year’s March and has continued to “assert itself as [investors’] altcoin of choice” despite the recent launch of Ethereum ETFs. 
Across regions, CoinShares highlighted that investors from Europe continue to dominate as they contributed to 90% of inflows. Meanwhile, investors in Canada and the U.S. remain largely cautious, though they contributed $9 million to the inflows recorded during the previous week. 
The post <a rel="nofollow" href="https://cryptoslate.com/ethereum-etfs-launch-to-tepid-demand-bitcoin-and-solana-remain-favored-investment-products/">Ethereum futures ETFs launch to tepid demand; Bitcoin and Solana remain favored investment products</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.

Ethereum futures ETFs launch to tepid demand; Bitcoin and Solana remain favored investment products

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