What ETF Approval Could Mean for Ethereum

The SEC recent approval of ETH ETFs might eventually prove a more important event for Ethereum than it was for Bitcoin.

This might not mean much for retail investors, especially outside the U.S., but clearing up the regulatory uncertainty will influence many institutional investors in considering chains to use, build and invest in.Ethereum will likely continue dominating developer activity in the blockchain space, at least when it comes to large projects.

Just Ethena synthetic dollar alone amassed in a few months the entire market cap of stablecoins on Solana, a staggering $3 billion. This doesn’t mean that other chains won’t host important crypto projects – they certainly will. But only Ethereum hosts protocols with the history and track record necessary for institutions to participate with meaningful capital. Think of AAVE or Uniswap, for example.

A higher ETH price – and collateral value – could act like a stimulus package for its crypto economy. It creates wealth effects, more spending, more investment, more leverage. Especially if ETH-related altcoins follow higher.

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