According to TechFlow, Bloomberg ETF analyst Eric Balchunas pointed out that the trading volume of the spot Ethereum ETF reached US$112 million within 15 minutes of the start of trading. Although it was only half of the trading volume of the Bitcoin ETF on the first day, it still exceeded expectations.

In the first 15 minutes, Grayscale ETHE had $39.7 million in trading volume, Bitwise ETHW had $25.5 million, BlackRock ETHA had $22.5 million, and Fidelity FETH had $15.2 million.