During their second day on the U.S. markets, Ethereum ETFs traded nearly $1 billion in cumulative volume.

The spot ether ETFs generated about $937 million in cumulative trading volume on Wednesday, according to Yahoo Finance data compiled by The Block Pro Research. The funds traded $1.054 billion on Tuesday, their first day on the market.

The Grayscale Ethereum Trust (ticker: ETHE) again led with about $486 million, accounting for about 52% of the total volume. BlackRock's iShare Ethereum Trust (ETHA) ($255 million) and Fidelity Ethereum Fund (FETH) ($110 million) were next in line.

The ETFs recorded $106.7 million in net inflows on Tuesday and amassed over $10 billion in assets under management, according to SosoValue data. The Grayscale Ethereum Trust experienced $484.1 million in …