In the early hours of this morning Beijing time, the US SEC approved multiple Ethereum spot ETF 19b-4 forms, including those from BlackRock and Fidelity, which are almost the same as the Bitcoin spot ETF. The specific listing will be in a few weeks. This means that traditional funds will be able to allocate ETH like stocks. BTC allocation represents optimism about new crypto finance, and ETH allocation represents optimism about the entire Web3. Behind all this is the will of Wall Street, which continues to inject positive energy into the cryptocurrency circle.