Ethereum futures ETFs launch to tepid demand; Bitcoin and Solana remain favored investment products

2023-10-10 18:10

Ethereum (ETH) investment products struggled to record notable inflow despite the recent launch of several Ether futures-based exchange-traded funds (ETF) last week.

According to CoinShares’ latest weekly report, these ETFs’ attraction of a meager sum of $10 million underscores the “tepid appetite” for Ethereum among investors. It continued that when a similar futures ETF launched for Bitcoin last year, the product saw up to $1 billion in investments during the first week of its operations.

However, CoinShares’ senior analyst James Butterfill noted that the performance of the Ether-based ETFs could also be tied to the overall “poor investor appetite for digital assets at present.”

Last week, several futures-based Ethereum ETFs from different asset managers like  Valkyrie, VanEck, ProShares, Bitwise, Kelly, and VolShares launched in the U.S. CryptoSlate reported that these ETFs saw around $2 million in trading volume during the first day of their launch.

Bitcoin, Solana continues dominance

Meanwhile, Bitcoin (BTC) and Solana (SOL) investment products continued their dominant trend as digital assets investment products recorded inflows of $78 million last week. During this period, ETPs’ trading volumes rose by 37% to $1.13 billion.

According to Coinshares, BTC products saw inflows totaling $43 million, with the asset’s current positive price performance enticing some investors to add $1.2 million to their short-bitcoin positions. Additionally, the top cryptocurrency trading volume on trusted exchanges jumped by 16%.

Over the past week, BTC’s price peaked at $28,410 and has continued to trade near the $28,000 benchmark.

On the other hand, Solana recorded its largest weekly inflow of $24 million since last year’s March and has continued to “assert itself as [investors’] altcoin of choice” despite the recent launch of Ethereum ETFs.

Across regions, CoinShares highlighted that investors from Europe continue to dominate as they contributed to 90% of inflows. Meanwhile, investors in Canada and the U.S. remain largely cautious, though they contributed $9 million to the inflows recorded during the previous week.

The post Ethereum futures ETFs launch to tepid demand; Bitcoin and Solana remain favored investment products appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2893.48 (-0.43%)
Объем 24H $11.593b
Изменеия 24h: -2.38 %, 7d: -5.93 %
Cегодня L: $2892.34 - H: $2957.95
Капитализация $347.55b Rank 2
Цена в час новости $ 1580.17 (83.11%)

ethereum products tepid etfs investment launch these

Источник: cryptoslate.com

ethereum products → Результатов: 126


Фото:

Bitcoin sees first outflows in a month as Ethereum, XRP enjoy investors’ confidence

Digital assets investment products recorded $6.5 million in outflows this week after four consecutive weeks of inflows totaling $742 million, Coinshares reported on July 24. This week’s outflows break the longest streak of inflows since late 2021, coinciding with the recent market downturn that saw Bitcoin’s (BTC) price dump to its lowest value since June […] The post Bitcoin sees first outflows in a month as Ethereum, XRP enjoy investors’ confidence appeared first on CryptoSlate.

2023-7-24 19:10


Bank of China subsidiary issues tokenized notes on Ethereum

A Chinese bank has issued tokenized notes on the Ethereum blockchain in collaboration with UBS Group, the latter firm said on June 12. Aurelian Troendle, Global Head of MTN Trading at UBS AG, said: “We are pleased to work with BOCI on this transaction to bring structured products onto a public blockchain network, supporting our […] The post Bank of China subsidiary issues tokenized notes on Ethereum appeared first on CryptoSlate.

2023-6-13 00:16


Фото:

Exploring the Benefits of Arbitrum Ecosystem and Trading on Hotbit Crypto Exchange

Decentralized finance (DeFi) has led to the emergence of various blockchain-based platforms that offer users access to a variety of financial services and products. One of the most innovative and promising platforms in the DeFi space is Arbitrum, a layer 2 scaling solution for the Ethereum network that enables fast and cheap transactions. This article […]

2023-3-7 15:14


Armoring Products Launches Revolutionary ARMOC Token

Introducing ARMOC – the revolutionary utility token that will change the way you conduct business. As a leader in the $72 billion global market for manufacturing and armoring vehicles, Armoring Products has developed ARMOC, an active and public Utility Token on the Ethereum blockchain network that allows for secure, traceable, and auditable transactions to be … Continued The post Armoring Products Launches Revolutionary ARMOC Token appeared first on BeInCrypto.

2023-1-28 17:37


Polygon стала якорным инвестором венчурного фонда на $25 млн от SuperLayer

Платформа Polygon для масштабирования Ethereum выступила стратегическим партнером и якорным инвестором для нового фонда в размере $25 млн от венчурной студии SuperLayer. We're thrilled to announce a new $25M fund for the SuperLayer ecosystem, led by @0xPolygon!The funding will be used to expand our unique operating model, invest in new projects, and build premium Web3 products for rapid mass adoptionRead more in our blog + thread below 👇🧵— SuperLayer (@superlayerio) August 18, 2022 Венчурная фирма сфокусирована на поддержке стартапов в экосистеме сети RLY Protocol от Rally.

2022-8-19 13:05


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin, Solana lead the way as crypto inflows rise after 5 weeks

Bitcoin contributed $144 million to the investment, while Solana had $5.9 million. Ethereum's struggles with regulatory uncertainty triggered outflows from its products. Bitcoin [BTC] investThe post Bitcoin, Solana lead the way as crypto inflows rise after 5 weeks appeared first on AMBCrypto.

Solana's 23M token move raises eyebrows: Where to, SOL?

Data showed that participants are HODLing, but SOL fell by 6.16%. An increase in volume with the current price trend could lead the token to $129. On the 13th of May, 23 million Solana [SOL]The post Solana's 23M token move raises eyebrows: Where to, SOL? appeared first on AMBCrypto.

Solana Price Prediction – Could Solana Regain Bullish Momentum And Push To $200?

Solana has seen its price struggling to return to bullish levels for the past month. Solana previously reached $208 on March 18 after a strong price uptick spanning over five months. However, this cross over $200 was very brief as Solana dipped to $167 before reversing and reaching $203 again on April 1. Related Reading: […]