Spot Ethereum ETFs began trading in the U.S. on Tuesday, marking a milestone for the intersection of crypto and equity markets.

As of midday trading, cumulative trading volume exceeded $600 million among the listed exchange-traded funds.

Several industry experts and other leaders have weighed in on what this moment means for ether, the crypto market and digital assets as a whole.

“The approval of spot crypto ETFs signals another pivotal moment in the global transition toward digital assets,” Brett Tejpaul, head of Coinbase Institutional, said in a statement. “This wave of interest is not just a trend; it's a transformative force, reshaping the financial system and solidifying crypto's lasting presence in the financial landscape.”

Sui Chung, CEO of CF Benchmarks, called this a …