Cryptoverse: Winter is coming as ether funds flounder in fal

Cryptoverse: Winter is coming as ether funds flounder in fall

The long-anticipated U.S. launch of a group of exchange-traded funds tracking ether offered fresh evidence of the malaise at a time when investors are running from risk amid economic gloom and war in Ukraine and the Middle East. The six ETFs launched on Oct. 2 offering exposure to ether futures contracts pulled in just under $10 million in their first week of trading, according to CoinShares data. "The timing of the futures ETFs could hardly be worse," said Vetle Lunde, senior analyst at K33 Research.

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