BTC traded just over $27,600 in Asian afternoon hours on Tuesday, while Ether dropped 3.5% amid a dismal first day of ETH futures ETF trading in the U.S.
Among the more popular of the new ETFs today, VanEck’s Ethereum Strategy ETF (EFUT) traded just shy of 25,000 shares at a price roughly averaging $17 per share.
Short liquidations on crypto-tracked futures may have contributed to the rise in bitcoin and ether.