📉 The new Ethereum futures ETFs on the CME got off to a modest start, with trading volume of less than $2 million in the first 15 minutes, while their Bitcoin-based counterparts had 100 times more volume.

- Bloomberg expert Eric Balchunas believes that such indicators are normal for new ETFs, but low for Ethereum.

- The best among them was the Valkyrie ETF with a trading volume of $787,000.

- VanEck’s Ethereum futures-only ETF trading volume was just over $300,000.

- In total, the trading volume of six ETFs based on Ethereum futures reached $1.92 million.

- Bloomberg notes that the current bear market is making competition more difficult than when the Bitcoin ETF began trading two years ago.

- Roxanne Islam of VettaFi suggests that the muted interest in the Ethereum futures ETF is due to the expectation of spot versions, mainly Bitcoin, perhaps in early 2024.