The approval of an Ethereum ETF marks a significant step for Ethereum’s mainstream adoption. Like with Bitcoin ETFs, an Ethereum ETF allows institutional and retail investors to gain exposure to Ethereum through traditional financial markets without directly buying or holding the cryptocurrency. This approval could lead to more capital flowing into Ethereum, increasing its accessibility and legitimacy among traditional investors.Ethereum ETFs could also drive more interest in the broader Ethereum ecosystem, including decentralized finance (DeFi) and smart contract applications, potentially contributing to price appreciation and further adoption of Ethereum.