"The timing of the futures ETFs could hardly be worse," said Vetle Lunde, senior analyst at K33 Research.
Trading volumes for the ether futures ETFs remained below $2 million on their first day, according to K33 Research.
Trading volumes of six exchange-traded funds tracking ether made a subdued start after launching on Oct. 2BACK TO BITCOIN?
The newly launched ETFs tracking solely ether futures on the Chicago Mercantile Exchange, from ProShares (EETH.P), VanEck and Bitwise (AETH.P), have all dipped over 6% since launch.
ProShares and Bitwise also launched funds tracking a mixture of bitcoin and ether futures, while Valkyrie Funds converted its pure-play bitcoin ETF into one with exposure to both bitcoin and ether (BTF.O).
Persons:
Bitcoin, Dado, Vetle Lunde, murkier, Lunde, Ben McMillan, McMillan, Bitwise, IDX, Lisa Pauline Mattackal, Sumanta Sen, Tom Wilson, Pravin
Organizations:
REUTERS, K33 Research, IDX, Federal, Chicago Mercantile Exchange, Thomson, Reuters
Locations:
Ukraine, ProShares, Bengaluru