Was the decision politically motivated? What does it mean for Ethereum going forward? Will other leading chains benefit too?

Investors withdraw over 56k ETH, causing exchange balances to hit a three-month low, while the market reacts calmly to US ETF approvals.

Data shows that a lot of long liquidations have piled up on exchanges after the Ethereum ETF approval, which was a sell-the-news event.

The decentralized finance (DeFi) sector will experience an ecosystem boost after a spot ether {{ETH}} exchange-traded fund (ETF) was approved in th