Ethereum futures ETFs launched

After yesterday's price surge, euphoria has faded - the start of Ethereum futures ETFs was disappointing. ETH has lost four percent over the last 24 hours.

Two years ago, Bitcoin futures ETFs provided impressive trading volume on the day of launch. The trading volume was worth US$1 billion. Ethereum futures ETFs, on the other hand, achieved just under US$2 million in trading volume on launch day. The ProShares Ether Strategy ETF (EETH) recorded nearly US$800,000 in trading volume.

"Pretty modest volume for the Ether futures ETFs, just under US$2 million - normal for a new ETF. But it's low compared to BITO (which pulled in US$200 million in its first 15 minutes)," writes Bloomberg ETF analyst Eric Balchunas.

However, it is noted that Ethereum and Bitcoin have different dynamics and market conditions. As with the launch of the Bitcoin futures ETF, the Ethereum ETF could be the beginning of a "bullish phase. Time will tell. View the current Ethereum price here.