The cryptocurrency market in 2023 was rife with anticipation for the arrival of ETFs. As the year progressed, this buzz grew stronger and eventually reached a climax with the official endorsement of spot Bitcoin ETFs on January 10. The market reacted swiftly to this development, resulting in significant price fluctuations and ultimately reaching an all-time high in March. As a result, conversations surrounding spot Ethereum ETFs intensified, fueling speculation and debate. After a period of uncertainty, the Ethereum ETF finally received approval on May 23, a momentous occasion for the crypto community. VanEck, a prominent player in the industry, also had their own thoughts on the matter of Ethereum.
