The debut week for six Ethereum exchange-traded funds (ETFs) offering exposure to ether futures contracts was disappointing, attracting less than $10 million in total. This comes as Ethereum products experienced outflows of $7.5 million. The lackluster performance of these ETFs is seen as evidence of a crypto market "malaise" amid economic uncertainty and geopolitical tensions. Ether prices have dropped over 5% this month, contributing to a $30 billion loss in the overall crypto market.
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Ethereum ETFs Fail to Generate Interest, Reflecting Sluggish Crypto Market Amid Economic Uncertainty
The debut week for six Ethereum exchange-traded funds (ETFs) offering exposure to ether futures contracts was disappointing, attracting less than $10 million in total. This comes as Ethereum products experienced outflows of $7.5 million. The lackluster performance of these ETFs is seen as evidence of a crypto market "malaise" amid economic uncertainty and geopolitical tensions. Ether prices have dropped over 5% this month, contributing to a $30 billion loss in the overall crypto market.