On Oct. 2, 9 new Ethereum Futures ETFs arrived on the market. Five of these ETFs hold exclusively $ETH futures contracts, while the other four track a mix of $BTC and $ETH futures contracts.
Collectively, these $ETH Futures ETF saw trading volumes total less than $2 million in their first day of trading. The single largest fund, the Proshares Ether Strategy ETF, saw trading volume at $878,560.
The first-day trading volume of $ETH Futures ETF paled in comparison to the first $BTC Futures ETF, which was launched in Oct. 2021 during the height of the bull market. That ETF recorded over $1 billion in volume on the first day of launch.
Nonetheless, Bloomberg Analyst Eric Balchunas noted that compared to a regular traditional finance ETF launch, the volume of $ETH Futures CTF was actually "quite a lot".
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