📉 Ether futures ETFs struggle to gain traction as investors lean towards bitcoin in high interest rate environment. ETH/BTC ratio hits its lowest since July 2022, with ether underperforming relative to bitcoin. The recently launched VanECK's EFUT and ProShares EETH ETFs register an average daily trading volume of just $5 million in their first week, a far cry from ProShares Bitcoin Strategy's (BITO) debut volume of $1 billion. Experts suggest the bear market and regulatory uncertainty could be responsible for ether's underperformance. What are your thoughts on the future of ether and its ETFs? Share your opinions in the comments below! 💭