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.

AI Sentiment: Positive