The SEC has approved an Ethereum ETF, but this may lead to undesirable consequences for the ecosystem. Experts believe that this could lead to centralization and a dormant state for Ether. Since ETH-based ETFs cannot use ETH, this goes against the benefits of the asset. On the other hand, this may push investors and issuers to seek regulatory clarity regarding staking. Despite the arguments, it is not yet clear how the market regulator treats the asset. 😕