Ethereum

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<ul class="news-points"> 
 <li>Ethereum Futures ETFs from VanEck, ProShares, and BitWise recently went live.</li> 
 <li>The trading volume of the ETH Futures ETFs was lower than what the crypto community anticipated.</li> 
 <li>Bloomberg reported that the volume of ETH Futures ETFs failed to hit the $2 million mark.</li> 
</ul> 
Several asset management firms in the United States including VanEck, BitWise, and ProShares saw their <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/">Ethereum</a> Futures exchange-traded funds (ETF) go live on October 2, 2023. However, the trading volume garnered by the widely anticipated ETH Futures ETFs was considerably lower than what the crypto community expected. 
Eric Balchunas, a Senior ETF Analyst at Bloomberg, took to X (formerly Twitter) earlier today to reflect on the first trading day of Ether Futures ETFs in the U.S. The funds launched on Monday included the BitWise Ethereum Strategy ETF, ProShares Ethereum, Strategy ETF, and the VanEck Ethereum Strategy ETF. 
“Unprecedented day today with multiple ETFs all launching at the 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,” Balchunas told his followers on X. 
According t…
The post <a rel="nofollow" href="https://coinedition.com/ethereum-futures-etf-witness-low-volume-on-first-day-of-trading/">Ethereum Futures ETF Witness Low Volume On First Day Of Trading</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Ethereum Futures ETF Witness Low Volume On First Day Of Trading

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