Ether is underperforming in the cryptocurrency market after the inaugural ETFs featuring futures for the second-biggest digital currency began trading in the US on Monday.

ProShares, VanEck and Bitwise, among others, launched exchange-traded funds based on the contracts to buy or sell the cryptocurrency at a specific date. About $15 million looks to have gone toward the funds, according to initial data compiled by Bloomberg Intelligence. Ether is down roughly 2% since Friday, trading around $1,640 as of 2:27 p.m. in New York. Bitcoin has risen by a similar amount over the same period.

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