Recently, the Ethereum exchange-traded fund issued by ChinaAMC, a Chinese fund management company, has made significant progress in Hong Kong. As of Wednesday, the ETF had net inflows of more than 5 million Hong Kong dollars (640,780 U.S. dollars), marking a major milestone. The increase came after a record inflow of 3.77 million Hong Kong dollars on Tuesday, the largest inflow since the ETF began trading. The U.S. Securities and Exchange Commission is expected to make another historic decision on the VanEck spot Ethereum ETF within 24 hours. After the news came out, the price of ETH soared from $3,000 to more than $3,700.

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