In a significant turn of events, the Securities and Exchange Commission (SEC) has granted approval to eight spot Ethereum exchange-traded funds (ETFs) on May 23. According to data from TradingView, Ethereum has witnessed a remarkable surge in dominance, increasing by 19.56% in the past week. This surge can be attributed to the SEC’s recent decision to adopt a more lenient approach towards ETF approvals. Stay updated with the latest technology news by accessing NEWSLINKER.