Ether-Futures ETFs Are Making Their US Debut in Industry Victory
- Such funds have not been available for US investors before
- About $2 million in volume traded as of noon, BI says
An ethereum token.
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The first-ever exchange-traded funds based on Ether futures began trading in the US, capping a years-long battle by firms to provide investment vehicles centered on the second-largest digital token.
ProShares, VanEck and Bitwise, among others, launched a combined eight funds. Ether fell less than 1% after an initial rally. About $2 million in volume traded as of noon, according to data compiled by Bloomberg Intelligence.