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Although first-day investment volumes have not been particularly outstanding, Ethereum futures ETFs have started in the United States. The iris-scanning initiative has drawn the ire of a Kenyan legislative report on Worldcoin, while cryptocurrency asset management Grayscale has submitted an application to the U.S. SEC to transform its Ethereum Trust into a spot Ethereum ETF.

On day one, there is only lukewarm interest in Ethereum futures ETFs.

On October 2, nine Ethereum futures ETFs went live, becoming the country’s first of their kind.

Despite the anticipation surrounding their likely approval last week, the new ETFs didn’t create as much of a splash as its Bitcoin counterpart in 2021.

Less than $2 million worth of trade volume was seen across the board for all nine ETFs as of trading.

Valkyrie’s BTF, which tracks a combination of Bitcoin and Ether, was the most well-liked of the futures ETF products, garnering a total volume of $882,000.

The ProShares Bitcoin Strategy ETF (BITO), which made its debut in October 2021 during a booming market for crypto assets, was far superior than this. On its first day, BITO had trade volume of more than $1 billion.

Although it was a “pretty meh day of volume,” senior Bloomberg ETF analyst Eric Balchunas acknowledged that it was still “quite a lot” when compared to a typical traditional financial ETF.

Kenyan commission demands that Worldcoin be shut down

The Kenyan government’s parliamentary committee wants Worldcoin to stop doing business there.

According to a Kenyan newspaper report

The study also mentioned that it was challenging to ascertain how many “orbs” Worldcoin operates in the nation or the gadgets the business employs to collect iris scans from customers. In addition to voicing concerns with Worldcoin, the report urged the government to take into account creating a thorough framework for digital assets.

Grayscale files with the SEC to transform Ethereum Trust into a spot ETF.

Grayscale Investments wants to alter its Grayscale Ethereum Trust into a spot Ether exchange-traded fund (ETF) in response to the approval of the first Ether futures ETF.

On October 2, the New York Stock Exchange Arca submitted a conversion request to the Securities and Exchange Commission (SEC) of the United States. Grayscale’s current trust made an indirect investment in ether futures contracts.

With a quick 15-minute price increase, Bitcoin and Ethereum startle.
After a dramatic increase in the price of Bitcoin (BTC) and Ether (ETH), more than $70 million in crypto shorts were abruptly liquidated.

In just 15 minutes, Bitcoin increased by 3% to reach nearly $28,000, and Ether’s price also soared, rising as high as 4.7% in a quick rise to $1,755.

The abrupt spike has baffled watchers in the cryptocurrency world. Most people have blamed it on “Uptober.”

Uptober is crypto slang for October traditionally being a positive month for the price behavior of Bitcoin and other cryptocurrencies. According to data from CoinGlass, October has only posted negative monthly returns twice since 2013.

In an Oct. 2 letter, Matrixport chief of research Markus Thielen suggested a rally breaking above $28,000 might raise prices to $30,000 in the short future.