The U.S. market welcomed nine highly anticipated Ethereum-based Exchange Traded Funds (ETFs) on Monday. Despite the excitement, a prominent market analyst has noted that the ETFs have underperformed in trading volume since their launch.Eric Balchunas, a Senior ETF Analyst at Bloomberg, commented on the ETF rollout. He noted that none of the ETFs have outperformed the others, and that the collective trading volume was under $2 million, which is considered to be low compared to ProShares Bitcoin Strategy ETF (BITO).Balchunas also addressed the rumors surrounding the highly anticipated Bitcoin ETFs. He said that the SEC had sent the issuers comments to address their S-1 filings, which is a break from the typical pattern of delay, delay, radio silence then denial. He added that it is a welcome sign, although the timeline is unclear.

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Information	Details
Geography	North America
Countries	🇺🇸 🇧🇷
Sentiment	neutral
Relevance Score	8
People	Eric Balchunas
Companies	Bitwise, Valkyrie, Kelly, VanEck, ProShares
Currencies	hashdex, Ethereum, Bitcoin, shares.finance, vaneck
Securities	None