After a strong start to 2024, the crypto market suddenly fell by nearly 20% last month. Despite this, the market remains in bullish territory, and the recent correction could be an enticing opportunity for investors looking to bolster their positions.

The approval of spot Ethereum ETFs will undoubtedly have a significant impact. First and foremost, it will open up Ethereum to new money and buyers, as we have seen with spot Bitcoin ETFs. Institutional investors, known for their deep pockets, can be expected to increase demand and consequently drive up the price of Ethereum with a regulated and secure way to gain exposure.

Ethereum is one of the most proven blockchain platforms with clear utility over the years. It is the primary blockchain for DeFi, one of the most prominent and innovative use cases in crypto, with more than 60% of the digital economy hosted on Ethereum. Additionally, it has recently attracted the attention of companies like BlackRock, which is pioneering the tokenization of real-world assets on the Ethereum blockchain.