OKX’s Chief Business Officer, Lennix Lai, has stated that if the Ethereum (ETH) spot ETF is approved on Thursday, institutional investors will be prepared to invest $500 million in the Ethereum ETF next week. Lennix Lai believes that this approval could be equally or even more important than the approval of a Bitcoin ETF. The potential approval of Ethereum as a trading proxy within the traditional framework could trigger the next wave of institutional demand.