Ethereum ETF Approval Leads to $3.1B Inflows in 2 Days

In a jaw-dropping development, the U.S. SEC has approved the first spot Ethereum $ETH ETF, triggering $3.1 billion in inflows within 48 hours. ETH soared past $4,200, its highest in 18 months. Bitcoin $BTC ETFs saw outflows as investors shifted focus. Other altcoins including Arbitrum $ARB , Optimism (OP), and Lido DAO (LDO) also surged as staking and scaling hype returned. Meanwhile, regulators warn of market overheating. Retail investors fear a bubble. Is this the beginning of an alt season or a bull trap in disguise?