Investors sit out ether futures ETFs as spot bitcoin fund hangs in limbo
Publishing timestamp: 2023-10-12 14:51:04
Summary
The article discusses the muted investor appetite for ether futures exchange-traded funds despite the surge in new listings. It mentions that all six new ether futures funds have posted losses since their debuts. The broader outlook for crypto is partly to blame for the lack of interest. The article also mentions that the nature of futures ETFs may be keeping some investors on the sidelines. It concludes by stating that the absence of a spot bitcoin ETF is not stopping people from buying crypto, but it is forcing them to pay for more expensive and riskier products.
Sentiment: NEGATIVE
Tickers: BITO, ETH.CM=, BTC.CM=, GBTC,
Keywords: proshares ether strategy etf, exchange-traded funds, proshares bitcoin & ether equal weight strategy etf, grayscale bitcoin trust (btc), vaneck ethereum strategy etf, bitcoin/usd coin metrics, cryptocurrency, business news, investment strategy, stock markets, ethereum/usd coin metrics, markets,
Source: https://www.cnbc.com/2023/10/12/ether-futures-etfs-fizzle-as-spot-bitcoin-fund-hangs-in-limbo.html