Last week, U.S. regulators gave final approval for spot exchange-traded funds (ETFs) that hold Ethereum blockchain’s ether (ETH) cryptocurrency.

Cryptocurrency watchers hail the move as a pivotal moment for the digital asset sector. Like it did with Bitcoin ETFs, ETH ETFs will make the ETH crypto more accessible to traditional investors. This approval gives legitimacy to the second biggest crypto, and should boost investor confidence.

Some of the crypto experts we spoke to expect ETH ETFs to mirror the success of Bitcoin ETFs. They believe ETH ETFs will have the same impact on the market as Bitcoin ETFs.

“Individuals and institutions are looking for ways to do allocations into digital assets and these ETFs provide a safe and familiar way for them to do so,” says Justin Newton, CEO, Netki Inc. “Like it did for Bitcoin, this will provide some additional stability to ETH pricing as well as an influx of capital that will provide a natural floor to the price of the asset.”