When Bitcoin ETFs were approved, the market pulled a number of tokens higher. This week's move had the biggest impact on Ethereum-related tokens. Ethereum itself is up 20.9% over the past week and popped when speculation began swirling that ETF approval was coming.

It's no surprise, then, that Lido Staked Ether followed suit and Uniswap, which is a decentralized exchange on Ethereum, followed as well. More value and usage on Ethereum should be good for the ecosystem.

Arbitrum is a Layer 2 blockchain, which means it's built on top of Ethereum and aims to make Ethereum "more inclusive and sustainable" with scaling technology. Like the other tokens built on Ethereum, an ETF could mean either increased usage of Ethereum and/or an ETF including tokens like Arbitrum in the future.#Ethereum #ETFApprouval $ETH $BTC