Daily trading volume for Ethereum futures exchange-traded funds hit a fresh all-time high yesterday amid increasing anticipation of spot approvals from the U.S. Securities and Exchange Commission.

The Ethereum futures ETFs generated $47.75 million in trading volume on Tuesday — 40% more than the prior $34.18 million peak set on March 5 as ether was approaching the $4,000 mark — building on their $23.67 million spike on Monday.

ProShares’ Ether Strategy ETF (EETH) dominates the category, accounting for $43.14 million or 90% of yesterday’s trading volume. VanEck’s Ethereum Strategy ETF (EFUT) came second and Bitwise’s Ethereum Strategy ETF (AETH) third, generating $2.6 million and $2.01 million in volume, according to The Block’s data dashboard.

Despite the new daily record, the …