US's First 2x Ethereum Futures ETF ETHU Sees Trading Volume Triple

According to Odaily, Eric Balchunas, a senior ETF analyst, reported that the trading volume of the US's first 2x Ethereum futures ETF, ETHU, tripled to $15 million on its second day, June 5th. This was a significant increase from the first day's trading volume of over $5 million.

Balchunas stated that this performance was impressive for a newly launched product, surpassing the total trading volume of all Ethereum futures ETFs on their first day. However, compared to Bitcoin spot ETF products, the volume was still relatively small.

The Volatility Shares 2x leveraged Ethereum ETF (ETHU) was launched on a Tuesday, and its trading volume has been steadily increasing since then. Despite the impressive start, the Ethereum futures ETF still has a long way to go to match the trading volumes of Bitcoin spot ETF products.