Ether Futures ETFs See Low Volume in First-Day Trading
Among the more popular of the new ETFs today, VanEck’s Ethereum Strategy ETF (EFUT) traded just shy of 25,000 shares at a price roughly averaging $17 per share.
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Among the more popular of the new ETFs today, VanEck’s Ethereum Strategy ETF (EFUT) traded just shy of 25,000 shares at a price roughly averaging $17 per share.
The asset manager Thursday said it had already begun purchasing ether futures contracts.
Traders at Japanese exchange Bitbank said in a daily note that they expect bitcoin prices to move towards the $28,000 level, citing ETF optimism.
BTC slid to $26,500 as interest rates and the U.S. dollar surged while equities declined.
The launch comes as staking landscape is dominated by centralized staking providers, which together hold more than 70% of the staked ether (ETH) supply.
Cboe’s BZX exchange filed the first documents in a bid to offer the first spot ether exchange-traded funds in the U.S.
Broader crypto markets were modestly lower late on Wednesday.
The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization.
There’s a high probability of approval on or before the SEC’s final deadline in mid-October for a decision on the first ether futures ETF in the U.S.