Today (September 9, 2025), there is a major piece of news from a traditional financial giant, which could be a huge stimulus for ETH.

Core focus: BlackRock's spot Ethereum ETF makes key progress

This news is the absolute focus of the global cryptocurrency market today, especially the Ethereum community.

What happened?

The world's largest asset management company, BlackRock, has submitted a revised S-1 application for its planned spot Ethereum ETF. This is a key step in the Ethereum space following the success of its ETF (IBIT).

Why is this news so important and able to stimulate ETH?

Endorsement from giants enhances legitimacy: BlackRock's participation has brought unprecedented institutional credibility to Ethereum. It sends a strong signal to the traditional financial world that Ethereum is a mature asset worthy of large-scale allocation.

Opening the floodgates of huge capital: The success of the spot Bitcoin ETF has already proven that there is huge demand in traditional financial markets for convenient digital asset investment tools. Once the spot Ethereum ETF is approved, it will provide a compliant and convenient channel for billions of traditional capital to invest in ETH without directly holding cryptocurrencies.

Breaking through key obstacles: Previously, there was uncertainty regarding the classification of Ethereum by the U.S. Securities and Exchange Commission (SEC) (whether it is a commodity or a security), which was a major barrier to approval. Giants like BlackRock are actively pushing this matter, and the market interprets this as these institutions believing that SEC approval is just a matter of time, leading to a significant boost in optimism.

Market reaction:

After the news broke, the price of ETH rose sharply, boosting optimism in the entire cryptocurrency market. Investors generally see such progress as a leading indicator of future price increases.

Other potential stimulating factors (persistently present recently)

In addition to today's headlines, there are also some persistent factors supporting the bullish sentiment for ETH:

"Deflationary asset" narrative: After the Ethereum 'Merge' upgrade, it adopted staking and burning mechanisms (EIP-1559). As network activity increases (such as NFT minting, DeFi trading), the amount of ETH burned will increase, theoretically making ETH scarcer. This narrative of "super sound money" is highly attractive to investors.

Staking yield: Investors can earn rewards by staking ETH (currently with an annual yield of about 3-4%). In a traditional low-interest or uncertain market environment, this yield is very attractive, especially to institutional investors.

Ecosystem development: The continuous growth of Ethereum Layer 2 scaling solutions (such as Arbitrum, Optimism, Base, etc.) has reduced transaction costs and increased speed, enabling more applications and thus increasing underlying demand for ETH.

Next major upgrade (Pectra): The developer community has been actively preparing for the next major upgrade (Pectra upgrade), which is expected to include improvements in user experience and wallet security, benefiting ecological development in the long run.

Important reminders and risk warnings

Although the news is positive, you must pay attention to:

"Buy the expectation, sell the fact": The market usually rises in anticipation of events (such as ETF approvals), but once the event actually occurs, the price may pull back. The final approval of the ETF is still uncertain, and the SEC may still delay or reject it.

Regulatory uncertainty: Despite the optimistic outlook, the SEC's attitude remains the biggest variable. Its final determination on whether Ethereum is a security will have far-reaching implications.

Market volatility: Cryptocurrencies themselves are extremely volatile, and news can exacerbate short-term fluctuations. Risk management is necessary, and do not blindly chase highs.

In summary, the most direct and powerful stimulating news today is that BlackRock's application for a spot Ethereum ETF has made key progress. This is the core narrative driving the rise in ETH prices.

I have finished writing, I am Az from the cryptocurrency circle, a player who specializes in explaining the logic of the coin market to you.

Follow Az's steps closely, believe first and then receive, there are positions in the team, lead you out of confusion,

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