Ethereum made a big splash on Wall Street Tuesday, with spot ether exchange-traded funds generating over $1 billion in volume on their first day of trading, according to Yahoo Finance data compiled by The Block Pro Research.

The Grayscale Ethereum Trust (ticker: ETHE) accounted for nearly half of the total volume, followed by BlackRock's iShare Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH).

“I think they pretty much met expectations for me,” Bloomberg Intelligence’s James Seyffart told The Block. “They traded about 24% of the day 1 volumes for bitcoin ETFs, and they took in 16.5% of the flows compared to Bitcoin ETFs’ day 1. All around, I think it’s a very solid day.” 

Spot Ethereum ETFs recorded $106.7 million in net inflows. The aforementioned Grayscale Ethereum Trust …