The SEC has approved the U.S. Spot Ethereum ETF, causing Ethereum's price to surge by 22% to nearly $4,000.

This decision marks a shift in the SEC's approach to crypto regulation, possibly influenced by recent legislative actions supportive of the industry.

The approval is expected to increase institutional interest in Ethereum, providing a familiar investment vehicle for a wider range of investors.

Ethereum's top 1,000 largest wallets have accumulated 76.52 million ETH, signaling a $1.95 billion investment at current prices.

Experts predict the approval could drive ETH prices to new all-time highs above $5,000, with a $1.9 billion buying frenzy indicating potential price ascent and increased whale demand.

This development is significant for Ethereum and the broader crypto industry, potentially shaping the future of institutional involvement.

Investors are advised to exercise caution, seek official support, and avoid potential scams in this evolving landscape.