long awaited Ethereum Futures ETFs have not received the expected attention since their launch on Monday, and demand for ETFs has remained weak since then.
Evaluating the situation of Ethereum futures ETFs, The Block reports K33 Research Since Monday, Bitcoin futures ETFs have recorded just 0.2% of the volume seen post-launch in 2021, analysts said.
K33 Research analysts Vetle Lunde and Anders Helseth In the report written by ‘Bitcoin’It was stated that it was time to return to E.
“We believe it is now time to switch back from ETH to Bitcoin.
“We no longer see a strong bullish case for ETH/BTC in the short term.”
Analysts say CME investors are still trying to keep the launch of Ethereum futures ETFs on the agenda, expecting a stronger breakout than what has emerged. to Bitcoin He pointed out that he could not reverse the downward trend that continued throughout the year.
However, analysts stated that they continue to be optimistic about ETH in the long term. “ETFs have been launched although interest in ETFs has been less than expected and liquidity is lacking, things could change quickly for ETH as well when broader market sentiment eventually changes.” said.
*This is not investment advice.
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