“Of course, it’s still too early to determine how Ethereum futures ETFs will perform in the long term, but the initial volumes were not very impressive. According to Bloomberg ETF analyst Eric Balchunas, the trading volume for Ethereum futures ETFs was less than $2 million on the first morning, significantly lower than the volume generated by the Bitcoin futures ETF ProShares. It’s a fairly decent volume for an Ethereum futures ETF as a class. Just under $2 million is normal for a new ETF, but compared to $BITO, which earned $200 million in its first 15 minutes, it’s a low figure. Balchunas posted a screenshot of a spreadsheet showing volumes for Ethereum futures ETFs, including products offered by Valkyrie, VanEck, ProShares, and Bitwise. The Bitcoin and Ethereum mix ETF from Valkyrie led by a significant margin, with a trading volume of nearly $800,000.
On the first day, the trading volume of the Ethereum futures ETF was low.
