ETH Derivates Volume Have Flatlined Despite Spot Ethereum ETFs Approval, What’s Going On?

ETH derivatives volume suggests that Ethereum investors have little confidence in the Spot Ethereum ETFs, sparking a massive rally for the second-largest crypto token by market cap. This development comes amid the imminent launch of these funds, which are expected to begin trading next week. 
Ethereum Futures Premium Highlights Little Confidence In ETH’s Price
According to data from Laevitas, Ethereum’s fixed-month contracts annualized premium currently stands at 11%, suggesting