The potential for the Securities and Exchange Commission (SEC) to approve an exchange-traded fund (ETF) directly tracking the price of the cryptocurrency Ethereum has generated enthusiasm within the investment community. Such a product would offer conventional retail investors straightforward exposure to this emergent digital asset by trading on public stock exchanges like existing ETFs.

An SEC-approved Ethereum ETF would constitute a watershed moment for increased mainstream and institutional adoption of cryptocurrencies. By providing a regulated on-ramp for retail investors to gain price exposure to Ethereum, an ETF could rapidly multiply investment flows. The resulting supply-demand imbalance would likely apply significant appreciation pressure on ETH prices.

See https://www.coindesk.com/business/2023/09/06/cathy-woods-ark-invest-files-for-first-spot-ether-etf/

This question resolves as Yes if a statement appears on the SEC's official website https://www.sec.gov/news/pressreleases stating that a US Ethereum spot ETF has been approved before January 1, 2024.

Cathie Wood's ARK Invest Files for First Spot Ether ETF

The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization.