Cryptoverse: Winter is coming as ether funds flounder in fall

#bnbburn #etf #tia #ape #uniswap

Trading volumes for the ether futures ETFs remained below $2 million on their first day, according to K33 Research. By contrast, the ProShares Bitcoin Strategy ETF (BITO.P), the first fund tracking bitcoin futures, saw around $570 million of inflows in its first day of trading in October 2021.

The contrast with ETF launches during the height of the crypto craze in 2021 show how the institutional investors who drove much of the demand back then have retreated from digital assets as the macro picture has grown murkier and murkier.