#ETHETFsApproved
Here is a summary of the **ETH Spot ETF on Binance** campaign:
The US Securities and Exchange Commission's (SEC) approval for trading Ethereum spot exchange-traded funds (ETFs) (ETH) has had a positive impact on platforms like Binance. Since May 23, Binance has seen unprecedented ETH trading activity. On May 21, they recorded net flows of 145,777 ETH, the largest daily flow since May 2023. Additionally, institutional registrations increased by 80% between May 19 and 23, highlighting the growing legitimization of the second largest cryptocurrency. large market and cryptocurrencies in general among institutional investors.
Richard Teng, CEO of Binance, calls the approval of ETH spot ETFs "a key development that signals the growing recognition and broader acceptance of digital assets within traditional frameworks, especially in an influential market such as the from USA
In summary, the approval of the ETH spot ETF has boosted activity on Binance and contributed to the global recognition of digital assets. If you want more details on how to buy ETFs on Binance, you can check out their guide. I hope this information is useful to you! 😊