Ethereum ETFs launch to tepid demand; Bitcoin and Solana remain favored investment products

Ethereum (ETH) investment products struggled to record notable inflow despite the recent launch of several futures Ether-based exchange-traded funds (ETF) last week.

According to CoinShares’ latest weekly report, these ETFs’ attraction of a meager sum of $10 million underscores the “tepid appetite” for Ethereum among investors. It continued that when a similar futures ETF launched for Bitcoin last year, the product saw up to $1 billion in investments during the first week of its operations.