The US Securities and Exchange Commission (SEC) has acknowledged the review of two Ethereum exchange-traded fund (ETF) applications filed by Ark Invest and VanEck. While this is not an approval, it is seen as a positive step forward. Approval of Ethereum ETFs could bring institutional liquidity into the cryptocurrency and potentially result in a bullish outcome. However, it is important to note that approval is not certain. Additionally, recent data suggests a potential increase in ETH demand, but market excitement and exchange flows have been low. This article is for informational purposes only and should not be taken as investment advice.
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