PANews reported on May 24 that the U.S. Securities and Exchange Commission (SEC) approved the 19b-4 filing for the Ethereum (ETH) ETF yesterday, marking a significant milestone in the cryptocurrency market. The 19b-4 rule is a regulation established by the SEC to govern the trading of securities listed on exchanges, representing a crucial step in providing a regulated investment channel for Ethereum. However, the listing of the ETH ETF on the U.S. capital market still requires the approval of the S-1 registration statement, which will include detailed information about the ETF's structure and management. Therefore, the market expects that the ETH ETF will be successfully listed within 2-3 weeks at the earliest and 1-2 months at the latest.

According to Bitget Research Institute, the current market reaction is generally positive. The approval of the 19b-4 filing increases the likelihood of full ETF approval, and subsequent listing on the U.S. capital market is only a matter of time. The price of ETH has risen nearly 25% over the past seven trading days due to expectations surrounding the approval process. With the successful approval of the ETH ETF, it may become a buying force for traditional funds directly purchasing ETH. Given that ETH's market capitalization is still relatively low, the impact of capital inflows could be significant, potentially leading to a new high of $4,800 for ETH in the future. From an ecosystem perspective, more high-quality and innovative projects are expected to be deployed within the Ethereum ecosystem, providing strong support. From an industry impact perspective, the approval of the ETH ETF is expected to enhance Ethereum's credibility and attract more institutional investors, further driving its market value growth and the globalization and popularization of crypto assets.