Crypto bulls celebrate ether-futures ETFs. But they may be detrimental to crypto prices. 

Ether futures-based exchange-traded funds may increase institutional adoption of crypto, but are not necessarily beneficial to crypto prices in the medium term, according to analysts.

The first ether futures-based exchange-traded funds have debuted in the U.S., as ProShares, VanEck and Bitwise, said they launched such products, respectively, on Monday. 

The…