The first ETH Future ETF trading volume for the first day had been $425k, that is all the way down -99.95% from the first BTC Future ETF reaching $1B for its first day back in 2021.

The biggest news of the last month, September, has undoubtedly been about the Ethereum Futures ETF being approved by the SEC in a landmark decision for all of Crypto that was supposed to massively increase the chances of a more accelerated procedure to even launch a Bitcoin Spot ETF pretty soon, probably one of the most anticipated events in Crypto ever.

But the ETF Futures ETF, which came two years after the BTC Futures ETF is a massive success on itself, especially for altcoins as this means that not only the King BTC is getting institutional attention for investments, but also altcoins can go along that way, though of course it is debatable whether ETH is still an altcoins.

Sadly, things didn't go so well to launch an ETH Futures ETF in the middle of a bear market with a ton of involatility…

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First Three days of price action for EFUT

Excerpt from an article showing the abysmal debut of EFUT

Not only did the first ETH Futures ETF from VanEck, EFUT, decrease its price from $18.50 to $16.45 in its first three days, but the trading volume of it has been literally non-existent. $425k daily trading volume for the first day and way less for the next two days, this is just lackluster in front of the $1B trading volume of the first day of the BTC Futures ETF in 2021. A 99.95% decrease.

This does say a few things, firstly to not release such massive projects in the middle of a bear market if you want to pump the price, as we have also seen with much of crypto adoption just being ignored this year, the same would have caused massive rallies in 2021.