The first trading day of futures ETFs, a historic milestone for Ethereum (ETH), has been completed.
The highly anticipated futures Ethereum ETFs 9 of them It opened for trading on US stock exchanges on Monday, October 2. But ETFs didn’t attract much attention on their first day of trading. By Bloomberg ETF analyst Eric Balchunas transmitted According to the data in total Ethereum ETF with 9 different futures Approximately on the first trading day 1 million 700 thousand dollars worth hosting volumehe did.
Describing these volume values as normal, Balchunas emphasized that futures Ethereum ETFs are lagging behind compared to the futures Bitcoin ETF. Analyst futures Bitcoin ETF BITO’s after launch 15 minutes in 200 million dollars He reminded that he reached the volume.
The analyst also noted that BITO October 2021 The cryptocurrency market on at the height of a serious bull claimed to have been released took out.
Pretty decent volume for Ethereum futures ETFs as a group, just under $2 million. It’s almost normal for a new ETF, but it’s important to remember that BITO hosted $200 million in transactions in the first 15 minutes. Compared to this comparison, the Ethereum futures side remained low. Additionally, VanEck and ProShares compete head-to-head. It is also important to note that BITO was launched in a bull market and Bitcoin was the more popular asset.
According to the data, VanEck, a fund management company that offers a forward-only Ethereum ETF, made a profit on the first day. 305 thousand dollars While it ranks first in terms of volume, it ranks second in terms of volume. 284 thousand dollars ProShares is sitting by volume.
However, ETFs launched 5 of them are futures only Ethereum while allowing the operation 4 of them futures Bitcoin and Ethereum operates for its transactions.
According to CoinGecko data, Ethereum price fell shortly after the launch of ETFs. drop showed. In the last 24 hours 4% Ethereum declining at the time of writing from $1,661 is being traded.
