Report: Interest in Ethereum-ETF Futures Not as High as Expected

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According to analysts from K33 Research, the trading volume of Ethereum futures ETF after its listing was only 0.2% of similar Bitcoin-based instruments in 2021.

This amounts to an AUM (assets under management) of only $8.5 million for Ethereum-based products, compared to $576.5 million for Bitcoin-based products.

Experts are now suggesting that investors redirect their capital from the second largest cryptocurrency by market capitalization to Bitcoin.

They no longer see strong reasons for ETH/BTC to rise in the short term and believe it is time to focus on Bitcoin.

At the end of the day, the total turnover for six exchange-traded funds based on Ethereum futures was $1.92 million, with the ProShares Ether Strategy ETF accounting for $879,000 of that amount.

According to K33 Research, traders on the CME (Chicago Mercantile Exchange) had been anticipating a stronger launch for the Ethereum futures ETF. Premiums for Ethereum futures had risen prior to the ETF’s debut, but quickly retreated after the disappointing results.