The recent approval of the first Ethereum (ETH) spot ETF in the U.S. has led to significant market activity and positive sentiment within the cryptocurrency space. Ethereum saw over $2.3 billion in inflows last week as speculation over the approval increased. The approval has been described as a political decision and has sparked excitement among traditional finance executives, who are now bullish on the future of crypto derivatives. Since May 20th, Ethereum's price has surged due to high positive sentiments among crypto enthusiasts. The approval is expected to bring massive Wall Street inflows and a deeper engagement with the Ethereum ecosystem. The approval of the ETF, which happened before May 30th, has also positively impacted Bitcoin (BTC) and Coinbase (COIN).