The underwhelming institutional appetite for Ethereum futures ETFs has prompted analysts to urge a reduction in ETH exposure in favor of Bitcoin.
, analysts Anders Helseth and Vetle Lunde said that it’s “time to pull the brakes on ETH and rotate back into BTC,” with the initial trading volume of Ether futures ETFs only accounting for 0.2% of what the ProShares Bitcoin Strategy ETF amassed on its first day of trading in October 2021.
Day one trading of ETH futures ETFs accounted for just 0.2% of what BTC futures ETFs amassed in 2021. Source: K33 Research “The ETH futures ETF launch provides an important lesson for evaluating the impact of easier access to crypto investments for traditional investors: increased institutional access will only create buying pressure if significant unsatiated demand exists,” wrote Lunde.
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