It looks like valonia. aka bubble algae. it will spread. If you want to get rid of it, you can twist them off the rock. Be very careful not to pop it though because it will release spores and spread it even farther. It's best to remove the rock to do this. If you can, have a bucket of sw ready and rinse the rock after removing the algae before putt the rock back in the tank. Other ways to get rid of it you could try are competing macros like cheato. They will out compete the algae for available nutrients. Or, lots of water changes. If you aren't using RO/DI water for your top off and water changes, switching to that will help.