Ether Futures ETFs Struggle to Gain Traction in Debut

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Source: CoinDesk
Ether Futures ETFs Struggle to Gain Traction in Debut
Photo: CoinDesk
TL;DR Summary

The first day of trading for futures-based ether exchange-traded funds (ETFs) saw slow volume, with the most popular ETF trading just shy of 25,000 shares. Grayscale Investments has filed for approval to convert its Ethereum Trust to a spot ethereum ETF, aiming to bring Ethereum further into the U.S. regulatory perimeter. Former FTX exchange boss Sam Bankman-Fried is seeking to prevent multiple witnesses, including investors and a customer affected by FTX's collapse, from testifying in his fraud trial.

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