I did some research for those curious about how ETH-based coins will move after the approval of an Ethereum ETF. Indeed, this approval could bring a new wave of interest to the entire Ethereum ecosystem.

Ethereum itself is the first coin to directly benefit. ETF approval could provide a significant push to the price of ETH. It’s currently trading around the $2.27K level, but this move could take it even higher.

However, it’s not just Ethereum—every coin built on ETH can take advantage of this wave. For example, oracle networks like Chainlink may see demand as Ethereum’s broader usage expands. LINK is currently at $10.28, but as the ecosystem grows, that could move as well. Uniswap, as a decentralized exchange, is directly affected by trading volume on Ethereum. UNI is currently at $3.61, but it holds an important position among ETH-based coins.

Looking at the DeFi side, lending protocols like Aave could also attract attention during this period. AAVE is trading at $96.92, and increased overall DeFi activity could help it. Maker’s DAI stablecoin is also tied to transactions on Ethereum. MKR is currently around the $1.71K level, and this could allow it to benefit from the positive sentiment that ETF approval brings.

Of course, market conditions are always changing. But ETH-based coins are well positioned to benefit significantly from this growth in the Ethereum ecosystem. Keeping an eye on a few of them could make sense for your investment strategy. On Gate, it’s quite easy to track these coins—you can perform detailed analyses whenever you want.