Nine Ethereum futures exchange-traded funds (ETFs) became available for trading on the Cboe exchange on October 2. Six asset managers, Valkyrie, VanEck, ProShares, Bitwise, Kelly, and VolShares, are offering the nine funds. Four of the ETFs invest in a combination of Bitcoin futures and Ethereum futures, while the other five invest solely in Ethereum futures.Bloomberg ETF analyst Eric Balchunas reported that the total volume of the nine ETFs was just over $2 million, with Valkyrie’s ETF accounting for 46% of the total volume. VanEck’s ETF, which solely invests in Ethereum futures, accounted for 18% of the total volume, while ProShares’ three ETFs accounted for 31%. Bitwise’s two ETFs accounted for 4% of the total volume, and the two remaining funds, from Kelly and VolShares, had no measured volume.The approval of these ETFs is a notable milestone, as asset managers have been seeking permission from the U.S. Securities and Exchange Commission (SEC) since at least September 2021. This may pave the way for the approval of spot Ethereum and spot Bitcoin ETFs, which are expected to have the greatest appeal.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	8
People	Bitwise, Kelly, VanEck, Eric Balchunas, ProShares
Companies	Bloomberg, VolShares, Bitwise, Valkyrie, Cboe, U.S. Securities and Exchange Commission (SEC), Kelly, VanEck, Eric Balchunas, ProShares
Currencies	Ethereum, Bitcoin, US Dollar
Securities	None