I was just asking this and have it on the other thread. So there have been bunch of ETH spot ETF applications already, I think that we're going to see the same vibe on how BTC's was approved.
The policy when working with regulators in the Ethereum ecosystem should suit everyone. White and black lists, blocking in smart contracts and a large number of level 2 solutions and even level 3 solutions will make Ethereum the main coin in the future.
This ecosystem has all the famous stablecoins and huge trading volumes.
That makes sense while there are a lot of competitors or let's say these competitors were also once part of the Ethereum ecosystem.
It's still the most sought-after network for smart contracts and most of the projects. It's also moving forward if many or even some of these eth etf spot applications will be approved soon.