K33 Research: interest in Ethereum-ETF futures turned out to be weak


Ethereum futures ETF trading volume after listing corresponded to only 0.2% of similar Bitcoin-based instruments in 2021. These calculations were made by analysts at K33 Research.

Data: K33Research.

AUM managed by Ethereum-based products was only $8.5 million versus $576.5 million based on Bitcoin.

Data: K33Research.

Experts suggested that investors redirect capital from the second to the first cryptocurrency by capitalization.

“We believe that the time has come […] back to bitcoin. We no longer see strong grounds for ETH/BTC growth in the short term,” – they pointed out.

In total, the turnover for six exchange-traded funds based only on Ethereum futures at the end of the day amounted to $1.92 million, including $879,000 for the ProShares Ether Strategy ETF.


According to K33 Research, traders on CME We were expecting a stronger debut. Ethereum futures premiums rose ahead of the ETF’s launch, but quickly retreated after disappointing results.

According to experts, the situation is more likely to correspond to the scenario of the appearance of Bitcoin futures on the CME in 2017. It took years for the tools to gain popularity among institutional investors.

K33 Research allowed the attractiveness of Ethereum ETFs to change over time.

“While there was no liquidity waiting on the other side, the situation could quickly change when overall market sentiment improves,” – they said.

Analysts have not ruled out that the cryptocurrency market will go through a correction in October, although at present a mixed picture has emerged.

“While below-neutral funding rates suggest bearish sentiment in the futures market, options prices are leaning bullish, indicating higher demand for calls than puts,” – they pointed out.

Previously, experts from QCP Capital gave four arguments in favor of the forecast with the return of the Bitcoin price to $25,000.

Let us remind you that Bitfinex analysts noted high chances of further growth in the price of digital gold.

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