In 2023, there was a growing anticipation surrounding ETFs in the world of cryptocurrency. As the year progressed, this trend picked up speed and reached a climax with the official approval of spot Bitcoin ETFs on January 10. This development sparked significant price fluctuations in the market, ultimately leading to an all-time high in March. The approval of spot Ethereum ETFs also became a hot topic of discussion during this time. After a period of uncertainty, the Ethereum ETF was finally given the green light on May 23. VanEck, a prominent player in the industry, made notable remarks about Ethereum in light of these developments.
