Ether ETFs See Slow Start as Blackbird Raises Funds, FTX Co-Founder Alleges Fraud by SBF

Ether ETFs struggled to gain traction in their first week, with poor trading volumes compared to Bitcoin futures ETFs.

Analysts cited lack of institutional demand and the macro environment as reasons for low ether ETF volumes.

Blackbird Labs raised $24M for its crypto rewards app that connects restaurants and customers.

FTX co-founder Gary Wang testified that Sam Bankman-Fried committed financial crimes including fraud.

Wang admitted he, Bankman-Fried, Caroline Ellison, and Nishad Singh gave special privileges to Alameda and lied.