đșđž The SEC (Securities and Exchange Commission) has officially approved the first spot Ethereum ETFs.
But what is an ETF, and why is this a historic moment?
đ An ETF (Exchange-Traded Fund) is a financial product that allows you to buy Ethereum like a stock, without needing a crypto wallet.
It's simpler for institutions and large investors.
đ With this approval, billions of dollars can now legally enter the ETH ecosystem, through companies like BlackRock, VanEck, or Grayscale.
âĄïž This strengthens the legitimacy of crypto.
âĄïž This paves the way for other ETFs (like those on Solana, or even Pi later?)
âĄïž And it shows that crypto is here to stay.
