Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
The ether-bitcoin ratio continues to lose ground amid the lack of meaningful demand for the recently launched futures-based ether exchange-traded funds .
The early response has been tepid, with the big two - VanECK's EFUT and ProShares EETH - registering an average daily trading volume of $5 million in the first week, according to Paris-based crypto data provider Kaiko. Per Amberdata's Greg Magadini, ether is at a disadvantage in the higher interest rate environment compared to bitcoin.
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