Analysis

Ether Futures ETFs Volume Kicks Off With Modest $2 Million

Key Points:

  • Ether Futures ETFs volume of approximately $2 million, lagging behind Bitcoin ETF’s explosive start.
  • VanEck and ProShares compete for market share in the emerging Ether ETF space.
Ether Futures ETFs volume under $2m, compared to $BITO’s impressive $200m in the first 15 minutes. VanEck and ProShares compete closely in the Ether market.

Several Ether Futures Exchange-Traded Funds (ETFs) made their debut in the first week of October. Ether, the second-largest cryptocurrency after Bitcoin, now offers investors more avenues to gain exposure to the crypto market.

Ether Futures ETFs Volume

According to ETF Analyst Eric Balchunas, the initial trading volume for these Ether Futures ETFs has been relatively low, hovering around $2 million.

This level of trading activity is typical for new ETFs but significantly lower when compared to the massive $200 million traded within the first 15 minutes of the launch of the Bitcoin Strategy ETF ($BITO).

VanEck and ProShares are currently locked in a competitive race in the single Ether lane, striving to capture market share and investor interest.

These ETF launches also coincide with ongoing discussions at the U.S. Securities and Exchange Commission (SEC) regarding the possibility of approving a spot Bitcoin ETF.

While the SEC has historically been cautious about such products, recent legal developments and the successful launch of Ether Futures ETFs may provide optimism for the future approval of spot Bitcoin ETFs.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

27 minutes ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

57 minutes ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

2 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

2 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

3 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

5 hours ago

This website uses cookies.