U.S. spot Ethereum exchange-traded funds recorded $106.7 million in net inflows on its first day of trading, with over $1 billion in trading volume.

The nine different ether ETFs from eight issuers began trading on Tuesday. The Grayscale Ethereum Trust (ETHE) saw $484.1 million in net outflows — the only one logging outflows among the funds, according to data from SosoValue.

Blackrock’s ETHA led the inflow pack with $266.55 million, followed by Bitwise ETHW’s $204 million, Fidelity FETH’s $71.31 million and Grayscale's Ethereum Mini Trust with $15.15 million in net inflows.

The total trading volume for the nine ether ETFs amounted to $1.05 billion, according to Yahoo Finance data compiled by The Block Pro Research. These spot Ethereum ETFs have already amassed over $10 billion in …