According to ChainCatcher, the president of ETF Store said that the SEC's approval of the Ethereum spot ETF "strongly suggests that ETH is a commodity, not a security". This is a milestone moment because it shows that crypto assets can transform from being classified as securities to commodities over time.

Market analysts are optimistic about the future of Ethereum, especially the upcoming launch of five spot Ethereum ETFs on the Chicago Board Options Exchange (Cboe) on July 23. The transition to proof of stake (PoS) and the issuance of new ETFs are expected to trigger huge investment interest.